From time to time, I seen the gold factors are spreading so fast. Everyone is starting to know better about GOLD. However I do afraid of something which is usually happening in our community. People who are very NEW about gold can be a next victim. Certain people will advice them to buy gold with large amount such as 50g. If you see the price of 50g approximate RM7000++. How an earth people with low income can buy this GOLD? The suggestion is by taking LOAN.
Some would suggest selling ASB unit and use all money including saving to buy GOLD. This is not the best idea…..ASB unit are quite strong and giving more dividend 7-8% than fixed deposit. ASB are different because it offers to bumiputera only. If you planning to sell it then it would say you give up one of the best opportunity. The non-bumiputera is always hoping they can make investment in ASB. Sadly, a few bumi don’t appreciate the opportunity from ASB. Is quite funny when some people invest 100% into GOLD.
Smart investor usually involves more than one investment itself. They not invest 100% into gold because each investment has its own risk. They make a FINANCIAL PLAN with all types of investment such bonds, stocks, short-term holdings, property etc. And they also invest in assurance as well in case of emergency. If you do not spend on assurance and emergency saving, your GOLD also can be worthless…imagine you have a hard time situation such as cancer, GOLD cannot cover everything including medical treatment etc. My advice is please do your financial planning properly rather than follow the financial trend.
My comment: 30% invest in GOLD is quite recommended...
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