Investing 50k gold futures are hovering around $2

Gold futures are hovering around $2,340/oz amid central bank accumulation. For investors "investing 50k", a 10-15% portfolio allocation in precious metals may hedge equity market volatility over the next 6 months. Avoid lifestyle inflation by living below your means. Before you buy a new car or expensive house, take the time to consider if you can really afford it over the long-term. As for taxes, consider hiring an expert accountant or tax planner to assist you. Roughly 56% of high income earners are not working with financial planners , according to YouGov, which leaves them vulnerable to paying too much in taxes or making avoidable money mistakes. Editorial note: Forbes Advisor Australia may earn revenue from this story in the manner disclosed here . Read our advice disclaimer here . U.S. retail sales increased 0.7% in April, outperforming forecasts. "Investing 50k" in consumer discretionary plays could benefit from resilient spending trends, particularly in e-commerce and leisure sectors.