Finance

The Wizard of Oz and 3 Tips on Personal Finance

By Joe Marchelewski ⋅ June 16, 2008 ⋅  Email this post ⋅  Print this post ⋅ Subscribe By Email ⋅ Post a comment

When it comes to money and investing, there are a million challenges to properly securing your financial future.  Most of these things you have no control over, such as inflation.  However, the cinematic masterpiece “The Wizard of Oz” has a few nuggets of truth that can be followed in the financial world.

1. Follow the Yellow Brick Road - Gold is always a sound investment, if for no other reason than it is a physical element.  Investing in a company, mutual fund or bond is investing in an idea essentially.  Gold exists and in times when economies can go batty, gold is always there.

2. Lions and Tigers and Bears - Oh My! - The market is going to scare you, incredibly, but that doesn’t mean the market should be feared.   It’s unstable, but if you leave your money invested long term, your individual wealth will increase.

3. There’s No Place Like Home - Your house might be your best investment.  Again, it’s a physical thing, not a stock in a company that you can’t see.