Financial Matters

With high inflation, low birth rate, volatile stock market.... There is one thing for sure.

We need to be careful with where we put our money.
There are still instruments where the money can work harder than us.

For a start, good to have 6 months expenses in the bank.
With current situations, if you have existing investment, better to get reviewed by a qualified financial advisor. (in terms of priority from top to bottom - personal view only).

Independant Financial Advisor (at least 5 years)
Private banking investment Specialist
Insurance Agents (who been around for more than 10 years)
Priority Bankers/Relationship managers
Personal Bankers
Mother-in-law
Spouse

Look for those with Master in Finance, Certified Financial Planner, Chartered Financial Analyst, title.

For those who still have a lot of liquid investment, can consider the following.
1) buy near monopoly company shares
SGX, SPH...
2) alternative investment
Canada Land, Hedge Fund, Currency...
3) for affluent bros,
Equity Linked Notes, Dual Currency Notes...

so much for now. I'm not really the best around, but knows a bit to share. feel free to comments and add.


chaos.

Buy physical gold and store it. It's the alternative currency during uncertain financial crisis as a hedge from looming global slowdown, hyper inflation environment. Some say it will hit US$1,650 by Year 2010. (Current price, US$930 per oz)

Hi James,

Yes. you are right. Gold is a good hedge against inflation and market uncertainty.

Bros might want to know that you can buy Gold with Cash or CPF through stock market (Singapore) and no need to hold physical Gold.

I've bought 1 unit few months back using CPF thru' CIMB-GK Securities at US$760. Sold after 1+ month at US$920. The counter name is Street Track Gold. Trading in units of 10 and US$.

any investment has its downside. Current price is already quite high compared to last year, so upside gain will be reduced. There is no dividend paying for Gold.

my 2 cents worth....


Cheers

@ginfreely bought private properties in Sinkieland and Johor Bahru.

In the end, she lost big money