PRIVACY POLICY

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Sunday, February 12, 2017

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


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
at

4 comments:

  1. Immanuel AngFebruary 13, 2017 at 1:59 PM

    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 =)

    ReplyDelete
  2. AK71February 13, 2017 at 2:26 PM

    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! :)

    ReplyDelete
  3. .February 2, 2018 at 1:43 PM

    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.

    ReplyDelete
  4. AK71February 2, 2018 at 2:15 PM

    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.

    ReplyDelete