Welcome to the Stay Wealthy podcast with Taylor Schulte.

As you may be noticing, this is not Taylor Schulte.

My name is Jeremy Schneider, filling in for Taylor for the month of June.

This is the fourth of five episodes during June, where I'm taking over for Taylor.

I am recording these a few weeks in advance, but I imagine at this point, Taylor has a newborn at home, and he is resting comfortably on his paternity leave,

and hopefully me giving him a little bit of a break on his podcast is helping along those lines

as well. You can find the show notes and links for this episode at you staywealthy.com

slash 114.

So I'm going to talk about why I don't invest in gold or oil or other commodities.

Commodities are things that kind of trade on the open market that are gold oil,

pork bellies or precious metals, energy, things like that that don't actually represent

ownership in a business or a productive asset rather than just trading like a physical good,

essentially. I used to invest in commodities, actually. So when I started investing seriously,

I sold an internet company at the age of 34 for just over $5 million. And I had this big windfall.

And I read a book called A Beginner's Guide to Investing that did basically recommend investing

a small portion of your portfolio in commodities.

And so that's what I did for a while.

And since then, I've done something very uncharacteristic of my style, and especially of my

investing style.

And that is I basically changed my mind and I altered my asset allocation. One of the tenants of investing that I basically

believe in strongly is to stay the course. You know, if you're constantly changing your mind

based on the hot stock or the hot fund at the moment, you're much more likely to kind

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