Lux Investing
how to invest my money?
Im an overseas worker in singapore, early 30yrs old.,single with a monthly income salary of SGD$2000. Can you pls suggest how can i invest my money wisely. Currently I dont have any properties like house,cars etc..
Public Comments
- The best thing you can do is to make your priorities. ask youself these questions: 1-What are the most important thing for me, buy house, car, or invest? 2-If I invest and lose money will it heart me finantially? 3-What does it take to be a good investor? 4-What are the goals I want to achieve? Buying a house is very good option, because in the long run you will not have to warry about anything. If you lose your job, god forbid, then you have a home, you don't have to rely on anyone, and you can get in your feet very quickly. If you really want to invest, start by reading about investments, forget people who will tell you "How to be a Millionaire in 2 Years", and all that crap,.. My advice is to go through these steps: 1-Knowledge.(( Learn, Learn, Learn )). 2-Make wise SMALL investments and see how it goes, 3-If you secuseed in your investment then make small investments in good companies, every month from you salary, it will pay off in the long run. 4-Focus in securing House and a Car. 5-NEVER day trade, meaning to sell and buy everyday. 6-If you buy a stock keep it for at least 1 or 2 years. 7-NEVER fall victim to scams. I wish you Good Luck
- The boom for housing is gone and it is likely to return in 15 to 20 years from now. Until then, expect only about a 3-4% in appreciation. That is under the current inflation rate, so you are losing buying power in real estate. What I do recommend is buying actual gold and silver; not stocks, or bonds. The actual metals. In a bull market, there are three stages. Stage 1: speculators start investing in the commodity. At this stage, the general public has no clue that it is happening; just like no one knew that the housing boom was coming at the end of 1997. Stage 2: this is when big banks and governments are investing in the commodity. China, India, the EU, and the biggest banks in the world are investing big in gold and silver. Let's face it the US dollar has dropped in exchange value by 35% since 2002. This means that $100 now buys what only $65 could in 2002. You may have already seen the commercials asking to buy gold from TV viewers, assuring to pay top cash for it. If you did not get in during Stage 1, you must get in this Stage 2. I invested in 40 gold coins (US Gold Eagles, minted by the US goverment at $500 apiece only 2 years ago) Today, each coin is over $882. And since there is no paper trace because you actually hold the gold and silver, there is no taxes taken from the capital gain. If you are waiting for Stage 3, that will be too late. This is the 2005 of the real estate boom, when every single person under the moon was talking about making money by buying property and this is the same stage in which people lose money and fall into foreclosure. In any event, you can check the trends of gold and silver at kitco.com. I forgot to mention silver, I bought 400 ounces at $8 each 2 years ago and today silver is at $15.84. You can't lose, gold and silver have been money for over 5,000 years, no paper currency has ever survived inflation. Think about it.
- You must try this sites to invest your money: http://broker-valas.blogspot.com/ http://youbet-on-market.blogspot.com/
- Don't go to those sites, most are scams or useless. It'd be quite safe to put your money in an index fund. They are mutual funds consisting of all the stock in an index, and so are very diversified. The stock market provides great returns and risk over time, but you are young and have a long investment horizon.
- http://www.goldenbullstocks.com are great.
