Investment

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Warning: You May Not be Making as Much on Gold as You Think

By , Chief Investment Strategist, Money Map Report -

Millions of investors who bought gold in the last 12 months are undoubtedly very happy at the moment - considering that the yellow metal has risen 60% since last November to a recent close of $1,138.60 an ounce on Monday.

But chances are good that many won't be smiling when they discover just what the taxman has planned for their gains.

Unbeknownst to most investors, gold is considered a collectible not a capital asset. In plain English, this means that despite the fact that many people believe they are investing in gold, the Internal Revenue Service (IRS) believes that they are collecting it.

The 10 Rules for Successful Investing

By , Chief Investment Strategist, Money Map Report -

[Editor's Note: This essay is adapted from "Fiscal Hangover," which will be published on Monday (Nov. 16).]

With all the financial woes in the global economy, the worst thing an investor can do is to "freeze up." With all the ups and downs in the market, it's all too easy for investors to allow their emotions to take control. That's when the smallest mistakes turn into the biggest mistakes.

There's one antidote for this problem ... remembering a few basic rules. Just embrace the 10 ideas that follow and you'll be in line to make some serious money in the months ahead.