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How To Invest In Commodities?
How the fuck do you invest in commodities? I want to invest in rice, wheat, soya etc.... but I dont wanna keep sacks of rice in my yard.
How the fuck do you do this? |
the short answer is dont. Thank me later
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go to the library and get Jim Rodger's Commodities Book. It's a great introduction to commodities. His other books are quite good too (investment biker, adventure capitalist) but the commodities book (investing in commodities (something like that I dont remember the name)) is probably where you want to start.
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Basically, you open an account with a broker that does futures, and trade futures contracts.
Need a little capital to start. |
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To end up with $100K, start with $500K? Commodities trading is, imho, close to gambling blindfolded.
Dave Former Series 3 Licensed Commodities and Futures Broker |
You can do it with ETFs too now, Simpler if you're just starting and don't want to dedicate to much time to it
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