Diamonds as a Piece of Your Retirement
Making the right investment decisions for retirement can be rather difficult at times. While your financial advisor may tell you to do one thing or another, you may feel like a mutual fund or stock in a particular company is a better idea. One thing you are unlikely to have considered as a part of your retirement portfolio, though, is diamonds.
For the last two thousand years, diamonds have been considered to be precious stones.
There are two different ways to invest in diamonds as a part of your retirement portfolio. The first way to make this kind of investment is to purchase the diamonds themselves. This is a bit less stable (due to the fluctuations in prices); however, if you do decide to invest in diamonds in this manner for your portfolio, there are a few things you should know. First, be sure to buy at the current (and correct) wholesale price. Do a bit of research before you make your investment to be sure you are getting the right price. The internet is a great place to find solid research on the current wholesale prices. Second, only buy diamonds that are internationally certified, otherwise you may be getting a low quality stone. Finally, some companies offer a buyback guarantee which you may or may not be interested in. It offers some investors piece of mind that they will always be able to resell the diamonds. The other way to invest in diamonds is by buying shares in one of the diamond companies. This works as any other stock does, and your success, or failure, depends on how the company does financially. Most diamond companies, though, are relatively stable institutions.
If you're looking for security in your retirement portfolio, diamonds are a good bet.