PRIVACY POLICY

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Friday, December 25, 2009

101 investment choices


There are so many things we can invest in these days. Basically, it's a whole gamut of stuff including stuff like wines, art, watches, jewelry and antiques. Heck, I collected comics when I was in school because a friend of mine told me how they could appreciate in value over time! The comics are probably still mouldering away at home.

For the average person, there is no need to be knowledgeable in all or even most forms of investments and there is definitely no need to diversify into 101 areas in investment. I am quite contented to have the following:

1. Bank deposits
2. CPF
3. SRS
4. Foreign currencies (RMB and IDR)
5. Gold buillion coins
6. Single Premium Endowment Policies
7. Regular Premium Endowment Policies
8. Regular Premium Life Policies
9. Unit trusts
10. Equities (High yielding types mostly.)
11. Real Estate

I am able to manage these on my own and, in aggregate, if they outperform the returns from fixed deposits and outpace inflation, I'm happy. To me, investment is not a complicated matter. It's quite simple.

Keep things simple. Don't complicate things for ourselves. Land banking? Wine? I don't need these. There are many money making opportunities with the tools I have now. That's enough for me.
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6 comments:

  1. KerryFebruary 4, 2010 at 12:25 AM

    Hi there, thank you for all your quality posts. I'm just wondering though, where did you purchase your gold bullions from though? Thanks.

    ReplyDelete
  2. AK71February 4, 2010 at 12:35 AM

    Hi Kerry,

    I buy my physical gold from UOB. You have to visit them at their main branch at Chulia Street. There is a counter dedicated to the buying and selling of gold. It is in the basement together with Corporate Banking. You can check on the price of the physicals by visiting the link I've provided in a box titled "Resources" here in my blog.

    I'm glad you like my posts and do come back often. :)

    ReplyDelete
  3. AnonymousFebruary 17, 2010 at 3:20 PM

    Buying Solid gold in HK is better than in Singapore. Ya? No GST.

    ReplyDelete
  4. AK71February 17, 2010 at 7:19 PM

    Hi,

    Yes, buying physical gold in HK does not attract any GST. However, if you buy physical gold in HK and bring it back to Singapore, you have to declare it at the Customs Office and pay GST. Otherwise, you would be smuggling. I believe a jail term is involved. Not worth it. ;-)

    ReplyDelete
  5. BobJanuary 15, 2011 at 12:53 PM

    Hey Ak71 ,

    If i buy Physical gold from USA , is the Gst inclusive of mail order ? And do i need to declare in order to avoid trouble ? thanks

    ReplyDelete
  6. AK71January 15, 2011 at 7:52 PM

    Hi Bob,

    Unfortunately, the Singapore government considers gold goods and not money. So, GST is applicable when we "purchase" gold in Singapore. If we "import" gold, it is also taxable.

    GST is charged on goods and services consumed in Singapore. I am not sure if GST would apply to US postage to Singapore though.

    If the price difference is not too much, it makes sense to simply buy physical gold from UOB.

    ReplyDelete