Quote:
Originally Posted by Vendot
Don't forget this economy is dead in the water and it died in 2008. Anyone who is thinking about a pure paper play, is taking some risk. Real estate and stocks will do just fine but as for cash in the bank, with perpetually low interest rates, even after a small hike next week (if it comes along) you're getting nothing but you're carrying a whole lot of banking, sovereign, inflation, geopolitical and counter party risk.
I reckon at least 10% of your assets in precious metals (Gold and Silver) is more important now than it has ever been in history. Gold now around $1080/oz and Silver around $14/oz, they sure won't be lower this time next year.
Another point is this year nothing has done particularly well in 2015. Stocks, commodities both down and real estate is slowing too this year. However, two niche oddity is Bit Coins and Domain Names. The market for domain names has done exceptionally well, acquiring or even flipping Domain Names is a good way into some big dollar gains if you're prepared to buy and hold for 5 yrs plus.
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Paragraph #1 suggests that have a low risk profile and likely spend more time reading the news than tracking individual investments.
Paragraph #2 suggests that you're a contrarian and maybe a little bit paranoid.
Paragraph #3 not only runs counter to Paragraph #1 in suggesting that you have a high risk profile.
Paragraph #2 combined with Paragraph #3 suggests that you likely do not have the slightest clue as to what you're talking about.
I read your post because I've always found that people who can afford to live in Dubai are either really intelligent or have a lot of money (or both) and that people from the west who live there tend to be more investment-savvy than people from other places.
I always enjoy hearing what they have to say so was initially a bit perplexed by your post because it suggested neither intelligence nor wealth but I'm pretty sure I've narrowed it down to two possible reasons as to why that may be, so I have just one question...
...are you bangladeshi or filpino?