There are several strategies to building a great portfolio. One of the best things you can do is to invest at least 25% of your assets in gold, silver, and diamonds (http://www.kitco.com/market/ ). This is done because you are investing in money. It is a safe and conservative investment for your portfolio. Unlike stocks and futures, it is also not just paper and it is a tangible item that you can keep in your possession. This money fortunately, appreciates in value as well.Ask yourself 2 questions before making a purchase, especially if you have a business. The first question is; "Is this a tax deductible purchase, or can I make a profit from it?". The second question is; Will this purchase appreciate in value?, "When buying cars it is best to purchase used cars preferably antiques. When dealing with time, these items should still appreciate in value. Never have a car mortgage! People argue that you can write off your car as a business expense, but why not write it off, and have it appreciate at the same time. An old Mercedes Benz, BMW, Rolls Royce, etc, are examples of antique cars that should be part of your portfolio. When making purchases for your office or business, decorate with antique furniture. Rather than having furniture that looks good but is worthless in your office, you can have gorgeous and very valuable office furniture in your home and workspace. The White House is the perfect example. The furniture, rugs, porcelain, and paintings in the White House are all the very best and highest style that this country has ever seen by the most famous craftsmen and women. Is this just coincidence? Absolutely not. These items were chosen for their beauty and their long term value. These are the principles you should mirror in terms of material possessions.The third rule of thumb is not to purchase real estate unless you have money in the bank to buy it outright. By this I mean to stay away from mortgages. They only exception to this rule is to go into contract directly with the owner(land contract) for no longer than 7 years(ideally loan should be 6 months to 1 year). Remember that I mentioned in an earlier topic that "Cash is king". People are very flexible when you can offer them a large amount of money upfront and might be willing to take off $5,000-$10,000 from his or her asking price.In summary, the average person's basic portfolio should consist of Precious metals, Antique Furniture, Rugs, Paintings, Porcelain, Rugs, and Real Estate. These are the items that people use in their everyday lives. It is not just the White House. It is the Senate Chamber, banks, investment firms, and most old money estates. As a general rule antiques and fine arts typically outperform the stock market on a yearly basis. You just have to make wise informed purchase. Do your research and find someone that is knowledgeable and honest in those areas. In the last year a famous music mogul with the initials D.G. sold two paintings he owned for over 250 million dollars.The challenge of the week is to look at your current portfolio if you have one and figure out if it is comparable to the one above buy asking yourself the questions above. For those that feel that they do not have a portfolio why not start one. Now is the perfect time or economy to do so. If you need addition help please contact me at antiquesandfinearts4everyone.synthasite.com. Todah(Thank-you) for reading this blog and have a blessed rest of the week.Shalom,Tamar
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