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Old 04-13-2021, 11:34 AM  
JayMoyes
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Join Date: Jul 2006
Location: Canoga Park, CA
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First, pay off any credit card debt. The interest rates on a credit card are going to be higher than almost any return on investment you make. Sounds like you may have already done this.

Diversify a bit, with 10% in precious metals as a fall back. I hate the idea of investing in the gold fad, but I don't know what the platinum market is like right now.

Demand for rare earth magnets and lithium has been growing and will keep growing due to their use in mobile phones and electric cars.

Keep an eye open if copper drops in price, then buy in. In 2010, copper shot up in price as the recovery from the recession began and demand for electronics increased. It actually performed better than gold.

Utilities may be something to look in to. They were a safe bet before Enron. Demand for electricity will keep growing.
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