If you’ve been laid off, now might be the perfect time for you to start your own business. Tune in tomorrow (at 12pm EDT on SIRIUS Channel 195 or XM Channel 156) as Jean chats with Baked by Melissa’s Melissa Bushell and cmarchuska clothing’s Christine Marchuska to hear how they took their pink slip and turned into into their dream job. Later, Network Solution’s Roy Dunbar offers tips on how you can finance your small business.
Coming up tomorrow, Jean sits down with personal finance columnist Jonathan Clements to talk about his book “The Little Book of Main Street Money.” Later, Caren Osten Gerszberg stops by to talk about her new blog, DrinkingDiaries.com.
This morning I joined the fourth hour of the Today show to give some tips for avoiding a financial crisis. Watch the video here:
Visit msnbc.com for Breaking News, World News, and News about the Economy
Looking for employment? Need tips on how to keep your job? Tune in Monday at 12pm EDT (SIRIUS Channel 195 or XM Channel 156) as Peak Performance Coach Dr. Doug Hirschhorn stops by to answer your career questions.
This week’s question comes from Patricia in New Jersey:
I have money that I want to invest in gold. I want to keep the value of the money and am very afraid of the economic climate. Are gold coins, or gold stocks a good idea?
Many financial planners suggest that a portion of any well-diversified portfolio be compromised of gold or other commodities such as oil. “I wouldn’t allocate more than 5%, maybe 7% or 8% max,” suggests Cathy Pareto, President and Founder of Cathy Pareto and Associates.
When you purchase gold, you have several options. You can purchase it as an exchange traded fund, as mining stocks, as futures, or as bullion.
If you’ve never invested in gold before, Paul Mladjenovic, author of “Precious Metals Investing for Dummies,” suggests starting with bullion (high-quality gold or silver in bar or coin form) such as the American Eagle coins, which are issued by the United States Mint. He warns to steer clear of medallions or commemorative coins. “These are more expensive and have a dealer markup,” says Mladjenovic
Today, more and more investors are looking to gold instead of stocks to provide some financial stability. But before you start plotting where to stash the shiny stuff, you’ll need to consider both the positives and the negatives of investing in gold. More…
Here are some organizations that can help with everything from managing debt to saving for college or retirement.
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