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Anonymous
Anonymous asked in Business & FinanceInvesting · 2 months ago

How come so called experts in Finance section are so dumb?

About 1.5 years ago I asked if investing in Gold was a great idea. Everyone here told me it was an awful idea.... well, gold is up 30% since then. Why are you guys so dumb?

13 Answers

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  • Anonymous
    1 month ago

    Well I think you maybe exaggerating, but Financial Advisors have to go with proven track records. Because they have to be able to justify their Financial Decisions in a court of law.

  • Anonymous
    2 months ago

    Gold today is up 13.5% from exactly 1 and 1/2 years ago.  Still a crap investment.  You pay extra (premium) to buy it and get less (discount) when you sell.  So now the 13.5% is just 7.5%  Investing in the S&P500 index would have got you 37% in the same time period.  Looks like you're the Dummy.

  • 2 months ago

    Well that's what happens when you ask for financial advice from strangers on Yahoo Answers. 

  • 2 months ago

    "Experts?"  How do you KNOW anyone here is an expert at anything except answering troll questions like this?  Wake up, dear--this is Yahoo Answers, not a Financial Advisory firm. 

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  • Anonymous
    2 months ago

    If you had paid attention to my posts I told you inflation would hit hard once the economy picked up. I said that as early as 2010. 

    When inflation goes up gold does too. The economy started picking up during the last 4 years but specifically about 1.5 years ago. 

  • kswck2
    Lv 7
    2 months ago

    You didn't pay us for the advise. Had you paid us, the advise might have been different. 

    Do you Really think EXPERT advise comes FREE? 

  • 2 months ago

    1.5 years ago, nobody knew that COVID was going to happen

  • Anonymous
    2 months ago

    I think dumb people ask YA for investing advice.

    Hold onto your gold. Terrific 30 year returns. LOL

  • Anonymous
    2 months ago

    Real successful investors don't hang out at Yahoo Finance. These guys are just broke wannabes. I invested in gold too and made out like a bandit!

  • Anonymous
    2 months ago

    I have no idea really.. sorry!

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