Tradefair & Financials
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I know very little about whats going on in world markets but have about 60k in savings.Am I better off to buy one of the above commodities or have I missed the boat by a year or two?thanks.
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You are a bit late in the game, but I think there's a bit more upside yet. You should never put all your eggs in one basket. A ca 1/3 split of Gold/Silver, Asian funds (e.g. ETFs XMAS, XAXJ, XX25) and dividend payers (e.g. GSK and United Utilities) would not see you too far wrong imo.
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cheers Stow.
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Here's my suggestion:
10K in gold bullion (short term insurance) 20K in Japan investment trust or ETF (long term play) 10K in Emerging markets investment trust or ETF (mid/long term [play) 20K in UK defensive equities (eg electricity, tobacco, water, pharma) (short/mid term safety play) |
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My take on it:
1. ETF's are to be used for short plays only, when you are expecting major swings in market momentum, especially the leveraged ones. The market can move sideways and your ETF will lose value because of decay. 2. The deflationary wind blowing from the euroland periphery and the sovereign debt issues are very real will be with us for a while. This doesn't bode well for commodities that are ready to break support levels to the downside. The "safeheaven" play in this environment is (believe it or not) the USD, not gold. Gold could under this scenario retreat to the $1,150 range which would then make it a major (if not the only) buy. 3. Staying in cash IS a position. |
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My comment below re:ETF decay applies only to leveraged ETF's.
For those interested in more details Google "what is ETF decay" as there has been numerous articles published and widely available on this subject. |