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Broke even on our Additional Buyer Stamp Duty (ABSD)
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It has been close to 4 years since we purchased our second property. You
can read more about that here. We paid the 12% ABSD back then to keep our
HDB wh...
4 hours ago
Hi Uncle888,
ReplyDeleteI have been silly also to listen to others and invest in UOB silver account. Been in the red since silver and gold go downtrend. No yield from silver. Stocks at least bring some yield.
CW,
ReplyDeleteYou har!
But then, you gave advance notice; so it's fair.
For someone who bought Keppel from Jan-Mar 2013, if the stock corrects 20%, he/she will be feeling pain and regret for listening to someone we know ;)
But for someone sitting on a 10 bagger unrealised gain, it's not even a scratch!
Similarly, for those astute buyers of gold below USD800, steady as she goes.
It's like comparing those who bought dividend stocks in 2009 with those who bought in 2012 - the yields and margin of safety are not the same.
Or we can ask those who invested in REITs and dividend stocks prior to 2009 how well they slept with their "yields" when nursing 50% capital loss during 2009?
Majority of stocks don't pay dividends.
Property if not rented out has no yield too (negative cash flow some more!) You flat and my flat have done not bad despite negative yield no? LOL!
Yield is not the issue.
It's all about buying low and selling high.
There is absolutely nothing wrong speculating or trading Gold for trading gains or losses.
DeleteBut, to advocate Gold as Insurance for protection with no Exit Plan in mind for SMALL retail investors with LIMITED capital will need second level thinking.
:-)
CW,
DeleteLOL!
OK, OK.
Most older small retail investors would have "enough" insurance on their bodies - gold watch, gold chains, gold rings, etc - too much "insurance" would be overkill ;)
I think buying and keeping a little gold is for insurance when you really need it for "emergency use - like in time of war, hyper inflation, need to avoid the "Loan shark, you need to run-road, etc. But of course like buying term or life insurance, you hope you never need to use it.
ReplyDeleteIf you buy to speculate or invest, then i think i would prefer equities. Like WB said.
Investors normally invest in gold as a form of hedge in their portfolio. The idea is to reduce volatility during market crisis. If people is thinking of making quick returns and become rich from gold investments, then they have the wrong mentality and should not even touch gold.
ReplyDelete