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Ch Leo

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Ch Leo

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Ch Leo

  • Answers (3)
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Retirement

Investments

How does someone build wealth who has little to begin with?
Ch Leo
Ch Leo
Level 3. Wonderkid
Answered on 23 Apr 2019
Invest in yourself first, like what others have described in detail. Acquiring skills to obtain higher active income and build up knowledge in personal financial education for the long run. Once you achieve a higher income and ready to invest, then you will not come back to ask what to invest in?
ūüĎć 2

PFF Panel 1

Insurance

Seedly PFF 2019

Investments

Commodities

Would you consider gold an investment or an insurance?
Ch Leo
Ch Leo
Level 3. Wonderkid
Answered on 02 Mar 2019
Hello, Gold has a long history being money itself. After 1971, the world went into a new monetary system (fiat currency) and gold has become freely trade commodity (a type of investment vehicle or asset class). Gold has its uses for jewelleries and devices it electronics, hence there are the gold mining business industry. During times of panic or stock market clashes or currencies crisis (hyperinflation), gold can behave like money again where hold it as a safe haven asset. Russia/China/India has been biggest buys of gold... Just an observation, as the stock market corrects in oct 2018, gold price went the opposite direction (inverse relationship there). Just my 2 cents, hope it helps
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Insurance

Investments

I'm graduating from university in 1 year's time. I currently have around $50k and I'm not sure what to do with it. Should I invest in stocks? And should I be considering insurance at this stage?
Ch Leo
Ch Leo
Level 3. Wonderkid
Answered on 14 Nov 2018
First thing to do is to educate yourself on investing. Understand the type of investment vehicles that are available and their associated benefits and risks. Work out which one you are most comfortable with and a investment strategy. Investing is a habit. This will go a long way for yourself
ūüĎć 0
Level 3. Wonderkid
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