Good for you.

For me, I won’t touch gold in one way or another. I don’t like the need to sell my investment to get return. I prefer I still own that investment and it will continuously give me return, like my cash flow positive properties, stock, businesses.

Whereas for flipping, I also enjoy trading stock and selling properties when the rental VS price return lowered below a threshold that I have set.

Gold for me is a hedging tool. Not for wealth growth but for wealth conservation.

Do you know that gold outperformed most of the property in Malaysia over the past 10 years.

good for you if one buy the wrong property and you buy gold.

it's easy to say things in the hindsight.

gold have no performance from 2013 to 2018.

It's a long term holding, just like property. As with any investment, property do stagnant as well, is not a linear growth.

In property you need to deal with tenant, building management, bank, agent while gold just buy and forget (no effort). Yet the return is much higher, not forget to mentioned the liquidity it provide.

As for the income/dividend, gold as in ETF is a very liquid asset. You can just sell some at minimal fee when as you need it. I won't touch physical gold.

This post has been edited by Singh_Kalan: May 1 2024, 03:07 PM

Gold also outperformed Malaysian blue chip stocks over the same period. Not bad for a mere wealth "conservation".

Given the rates, ptptn is one of the best and lowest loan around.

So settle that last, pay what you need and leave it be. Focus instead on closing the house loan first, then car then only the education.

Thanks! May I know where you hold your currency? I am looking into RHB Multicurrency Account & HSBC

I am based in Singapore and I bank with DBS Private Bank, UOB Private Bank and Maybank Private Banking predominantly. These are the 3 banks that hold my bonds and stocks and much of my SGD, and a smaller amount of my AUD.

HSBC, NAB and CBA hold the vast majority of my AUD.

Hope that answers your question

U can hold it at most foreign broker like FSMOne, Tiger, MooMoo thru autosweep. Basically the fund that u haven't invested will get interest. USD @ >5%, SGD @ >3%.

That’s a good option too.

Thank you for your suggestion. I will look into that.

I am pretty new in investing. Anyone can suggest me where to start? Would prefer anything not in MYR

The easiest (not necessarily cheapest) is to open an HSBC Global Currency Account. This is available if you are an HSBC Premier holder

I checked the rate for HSBC and it is kinda high. I am checking out MooMoo now as I might want to invest in ETF or US Stocks.

Yeah. Online platforms are way cheaper.

Don't bother. If you are based in Malaysia, just use RHB multicurrency and use IBKR. It's cheaper than moomoo.

car loan effective rate is higher than mortgage actually... the 4% flat rate is "fake"

I am under the impression that his car loan is fixed, so you pay more every month also chances are whatever you committed to pay, you have to pay. For houses, still can reduce if its a flexi so can reduce in terms on interest paid.

Car loans in malaysia is tie to rule of 78... no point pay back early unless your loan is new

u need to understand the essence of his investment philosophy. long term investment requires your judgement qualitatively like a businessman. if u think like an accountant just look at balance sheet its not going to work. Historically since inception of dollars Gold has a cagr of 5% over USD

This post has been edited by jyll92: May 2 2024, 11:12 AM

That's why ask him to focus on house, then car and finally education.