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$500K in gold and waiting for stock market crash.

Sunday, February 12, 2017


Gold is not a productive asset.

Hi boss!

Like to ask you on a topic (precious metals) rarely mentioned on your blog. I love precious metals (gold and silver) and anything in gold I can wear. I liquidated all my shares in 2013 in anticipation of a market crash that didn't happen till date.

If I were to liquidate all my gold today, I will get back 500k. 

I like to ask should I continue to keep the metals waiting for the crash or should I divest (part or all) and return back to the share market. Should I practice patience (since 2013) and continue to wait for precious metals to go up 50-100%? Or return back to the stock market for dividend play?

Hope to hear you speak to yourself. 

Thanks boss!




Hi,

I don't know what is going to happen in the future.

I do know that:

1. Physical gold and silver do not generate income despite what some people might con-veniently claim. However, we can make or lose money trading gold and silver.
http://singaporeanstocksinvestor.blogspot.sg/2012/04/fraud-taking-money-from-some-adults-is.html

2. Physical gold and silver do have value and keeping some as an insurance is not a bad idea. They form a small percentage of my portfolio.

http://singaporeanstocksinvestor.blogspot.sg/2016/07/why-investors-for-income-buy-gold-and.html






If you have decided that you want to invest for income now, I would suggest that you sign up for Dividend Machines and learn the ropes first:
http://singaporeanstocksinvestor.blogspot.sg/2017/02/financial-freedom-through-building.html
It will help shorten your learning curve.
Best wishes,
AK

4 comments:

Immanuel Ang said...

Hi boss! Thank you for talking to yourself and I've signed up for dividends machine! Look forward to seeing you live and hear you talk to yourself more =)

AK71 said...

Hi Immanuel,

You will be hearing Victor Chng and Rusmin Ang talk during Dividend Machines. They are younger, more energetic and more intelligent than I am. ;)

I picked up quite a few things from them myself when I went for the course.

Gambatte! :)

. said...

AK,

We know for sure market correction is coming. Of course when will it happen, we don't know.. I know you have a war-chest ready to buy-in when a major crash happen. My qns is how do you protect wealth now? Will you exit early with the onset of a crash (i.e sell everything and wait for good entry point). Rebalance your portfolio to something that is crash/recession resistent (e.g Gold). Share with us what's your strategies.

AK71 said...

Hi .,

You will find the answer in the box titled "My methods and philosophy" in the right side bar of my blog.

An example of what you would find there:

What to do as stock markets crash?

I keep things simple.

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