QUOTE(Michaelbyz23 @ Jan 15 2014, 11:34 AM)
Hello Sifu-sifu, i am very new to investment. I just started working and dont have much savings yet. Looking to learn more about investment, is buying gold a good choice for first investment? or should i save up more? how much savings do i need (to at least have) to start investing in gold?
The end of the gold slide is not in sight yet. 2014 will be worse for gold. Do not make the mistake and invest in gold now. I regret investing in gold now. I invested in May 2010 and now all my earnings accumulated over 3 years have absolutely vanished. I would now advice ppl not to waste time investing in gold. Go and invest in something that can give you a steady return every year.
Assuming you invest 200g at RM130/g (RM 26,000) and assuming prices rise to RM200/g about 10 years from now, your net profit would be about RM 14,000. But if you had invested that RM 26,000 in one of those Amanah Saham giving out say 6% returns yearly, your total accumulated profit in 10 years would be RM 20,562.
See the difference? Do the math. Don't blindly assume that gold gives you good returns. Gold is only good as an investment diversification tool for those who have invested larger portions of their portfolio in other forms of investment and want some form of stability.
Jan 15 2014, 03:39 PM
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