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umair127 (OP)
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June 04, 2014, 07:32:54 PM |
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I have some savings -about 50k usd- and so far I've been thinking about mutual funds and Forex and Bitcoin
Any advice/recommendations/ideas? Does anyone here do investments?
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odolvlobo
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June 04, 2014, 08:10:17 PM |
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I have some savings -about 50k usd- and so far I've been thinking about mutual funds and Forex and Bitcoin
Any advice/recommendations/ideas? Does anyone here do investments?
My advice is to refrain from asking random anonymous people for advice on how to invest your money. Your situation is unique and nobody can give you good advice without knowing your situation. Here is some generic advice: 1. Only invest in things you understand. 2. Start investing with simple low risk investments (e.g. savings account and CDs), then as your wealth grows add more complex and risky investments. 3. Avoid forex and day-trading. You will lose money. |
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PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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RodeoX
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The revolution will be monetized!
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June 04, 2014, 08:15:30 PM |
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I would look at index funds over mutual funds. And don't forget about real estate. Next year there will be more gold, more bitcoins, but less land.
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serje
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June 04, 2014, 08:15:49 PM |
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Well if you asked I would like to share my opinion! But you can do as you see fit! 1. Buy some BTC(for the long run 5 years or more) 2. Put some money in Forex trading but always take out the profit! For example if you put 10.000$ in a Forex account then when you reach 15.000 cash out. 5.000 and trade some more! Never get greedy when you are trading! 3. Buy some gold/silver/etc 4. Buy some art from a really young and promising artist! This is what I would do with 50.000... in face only with 40.000 because I would use 10.000 to go to Ibiza  |
Space for rent if its still trending
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megashira1
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June 04, 2014, 08:34:09 PM |
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80% BTC 20% NXT
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Alley
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June 04, 2014, 08:37:17 PM |
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I'd do half in bitcoin.
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DubFX
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June 04, 2014, 08:42:02 PM |
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If it's your spare money that you don't need to use in near future then invest into bitcoin for atleast year.
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noviapriani
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June 05, 2014, 09:03:07 AM |
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How about investing in Gold? I personally find Investment in Gold has the most rewarding and lucrative offer. Prices are regularized across the globe, they are never excess fluctuations, and most importantly, it is very easy to liquidate it...
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umair127 (OP)
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June 05, 2014, 10:08:26 AM |
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How about investing in Gold? I personally find Investment in Gold has the most rewarding and lucrative offer. Prices are regularized across the globe, they are never excess fluctuations, and most importantly, it is very easy to liquidate it...
You are right! However, the price of gold has been on a downward spiral lately. I think it is more worthwhile as a long term investment? Do you have any personal experience in gold? |
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zolace
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June 05, 2014, 10:12:03 AM |
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Please don't invest in real estates.. Somehow, I feel the sector very very risky.. It is just meant for extra rich people who have scores on money in hand who can hold properties for a long period of time... I guess Forex would be a good bet than mutual funds..
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sana8410
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June 05, 2014, 10:16:58 AM |
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Please don't invest in real estates.. Somehow, I feel the sector very very risky.. It is just meant for extra rich people who have scores on money in hand who can hold properties for a long period of time... I guess Forex would be a good bet than mutual funds..
On the contrary, property sector is a good, profitable and low risk investment. Think about it this way, you can lose a lot of money in Forex or the stock markets but your property will always be there. And you can also rent it out for extra income while making a profit selling it a few years down the road! |
RENT MY SIG FOR A DAY
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Pierre11
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June 05, 2014, 10:21:22 AM |
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I advise you the caution.
It is always necessary to pay attention; the capital which promise returns widely above the market is often swindles.
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zolace
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June 05, 2014, 11:20:49 AM |
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I'd do half in bitcoin.
This is one of my options! |
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noviapriani
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June 05, 2014, 11:26:30 AM |
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Please don't invest in real estates.. Somehow, I feel the sector very very risky.. It is just meant for extra rich people who have scores on money in hand who can hold properties for a long period of time... I guess Forex would be a good bet than mutual funds..
Forex is definitely very risky.. but tell me guys, where doesn't the risk lies today... Moreover, if you take every step so cautiously.. you will also make profits in small amounts only.. In order, to gain loads, you have take risks.. |
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umair127 (OP)
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June 05, 2014, 11:28:47 AM |
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I see that a lot of people are recommending gold investments. So how shall I go about it? Should I buy gold through an online broker? Or someone locally?Will it be faster if I choose to invest online rather than having to go through a bank broker? And will it save me middlemen fees?
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noviapriani
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June 05, 2014, 12:03:26 PM |
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You may opt to buy gold from your bank but let me tell you that all banks do not deal in gold bars, there are only few which will deal in Gold..
Moreover, you may think that you're saving on middlemen fees, but ultimately, it is going to expensive for you..
Banks have the gold packed neatly and then they add a certificate assuring the purity of the gold..
All these processes definitely are attractive and give you assurance that you are buying right..but then, the cost of these things is actually coming out from your pocket only.. Bank is not going to bear these charges..
I would suggest look for a credible jeweler..
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sana8410
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June 05, 2014, 12:22:16 PM |
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I see that a lot of people are recommending gold investments. So how shall I go about it? Should I buy gold through an online broker? Or someone locally?Will it be faster if I choose to invest online rather than having to go through a bank broker? And will it save me middlemen fees?
Firstly, you need to choose the form of gold you would like to invest in.. Physical gold, which is nothing but jewelry, Gold bar and coins ETF Gold futures Gold Mutual funds.. And yes, you can go through bank broker... |
RENT MY SIG FOR A DAY
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DolanDuck
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June 05, 2014, 12:33:35 PM |
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Just buy bitcoins with 50% of your savings and a 30% in gold, then hold them long term, the value can only go up.
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gondel
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Activity: 1946
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June 05, 2014, 12:35:49 PM |
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I have some savings -about 50k usd- and so far I've been thinking about mutual funds and Forex and Bitcoin
Any advice/recommendations/ideas? Does anyone here do investments?
A lot of people are investing in real estates in Bulgaria on the Sea or in the mountains resorts. Right now the price is very low and will go up in 2 years like two times. Real Estate investment here is very secure and you will also have the most beautiful place in the world. If you like you can PM and i can send you some offers from real estate companies. BR |
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zolace
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June 05, 2014, 12:36:06 PM |
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There is a risk involved in all ventures today whether it be business, forex or gold.. But then in your personal business, you get to control things.. I mean you are the one who can fix things as you feel right at your end.. However, in case of forex, other factors rule the play..
Actually, there is nothing which is risk free....You need to make your choice and head with it..
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