Discussion in 'Wealth Creation & Management' started by SlyGuy, Nov 8, 2018.
If you count metals as 'investments' - you are doing it wrong.
Depends on the timeframe.
I bought a 1oz maple leaf in 1998-2001 period. Had to pay GST on it. To me, it's not an investment because I lose like 10% (GST + spread) on the day I bought it. Hence, I consider it a novelty buy then. Investment for me was penny stocks. At that time it wasn't possible (or I didn't know how to) to buy silver bullion in Singapore.
Let me rephrase vast majority, I still have 5% or so in heavily speculative US stocks, and about 10 percent in metals now.
As for timeing yeah 100% no one can time it, and if anyone does it’s sheer luck.
For exasample, my basis for selling out of properties was I felt official interest rates would jump to 5% by now driving affordability down, how wrong was I, lol. However other factors thumped the housing market.
Stock market wise I just had feeling this China thing wasn’t going to be an easy fix but snowball into something Trump would retreat. Since XI can’t backdown to Trump without embrassing whole of China, he can’t do it, even if China suffer more. And after last years sensational growth I thought let’s take it easy, until all calms down.
At this moment anything not going down 20% is an investment lol.
Lol, exactly. Gold is a fine place to park cash when you want to get out of the market for awhile. It would have done pretty good over the past couple on months.
An investment is technically anything that is expected to go up in value.
No, gold doesn't cash flow since it has no dividend or rent or profit or anything... but it still stores value and can increase in value.
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