That is a very good reply.
investing in cryptocurrency is the future and most solid investment.
crypto may be the future(i doubt though) but not as an investment. It has no real value of its own, it gains only from speculation and demand.
It is a very long term investment. I think you would have to wait out 20-30 years for proper, legit profits otherwise trading in short-term is like betting/gambling with close eyes. You might strike gold or trash depending on your luck. Issue with crypto right now is it is heavily unregulated so big fish investors come in, pump up the price and dump the stocks for a hefty profit and small investors like us are left with our faces in the sand. And I do believe crypto will take a massive, massive correction/crash in coming years. After that I believe it will become worth investing.
Within pakistan, stock market and real estate is the way to go.
if you know what you’re doing and with proper risk management you can become a profitable trader. It’s already in bear market and facing correction and i think it would consolidate for a while and will rise from here now. It went from 33k to 40k in just a day which is only a 10%. i agree it’s not everyone’s cup of tea but people should learn the skill of technical analysis before investing in it.
Even if you know the ins/outs of the market, there is still massive risk because you never know who is holding how much crypto… if a big investor suddenly dumps a huge amount of stock (who was silent and you were unaware of), then it will crash the price.
Issue is mostly unregulation. That is what creates the risk because tons of laundered money is going into and leaving crypto.
truely said abdul qayyum bhai. ARY gold was actually the smuggler of low standard gold bricks.
anyways, you will mention your gold holdings in wealth statement in precious maetals/holdings column and decrease in cash / bank.
for any profit or loss on disposal of asset you will have to mention capital gain /loss plus Cash or bank credit.
its happy to see my comment on this post wake up two members who were absent from tis forum since 5 months.
i would like to say gold is not an investment at all. it is only a tool to hedge. but putting money on right time and making an exit will help people to hedge against any devaluation. such my these posts on facebook were very well timed that after short time all the gold and realestate rates were almost doubled
Investment is actually an art. but we do it in a very rough way.
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So if one has to buy gold coins, which seller is most reliable? I heard ARY is not even giving receipts now.
open an account with any PMEX broker. for trading in physical gold.
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In Pakistan, real estate is far better than gold but you have to be very careful with the dealers and thekadars and check if things are OK.
I already have a plan on where I wish to live in my remaining days. I plan on continuing my parents’ farm away from the city. Of course, I’ll raise my children in the city where the school is the best but I will retire and come back there before I die maybe place a couple of bets on some online casinos in the middle east . If I should die in 75 or less, then so be it. I won’t prolong my life with oxygen tanks because I remember how my grandpa hated it. My grandma learned this and accepted her fate when her time came a few years later.
Crypto
Thanks @humayyun.786 brother , nice topic and good effort!
Wish the forum had option for voice message, I would had shared my two cents. Will find time to follow up!
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Sure Imtiaz Bhai. Thanx.
bro if you are on any whatsapp group please share its link so we can all learn from your experience.
Yes good idea, a whatsapp group is needed for this forum members
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Good idea gents.
I had been in a few groups but had to take the exit route as the groups started well but went to the point that it became an epicenter of if you don’t forward to 7 groups, you will be cursed sort …
Should you like to, I say it can be a good idea to have our own whatsapp group, more flexible, some times options can be traded and advised being sought in that group. Count me in, if @humayyun.786 , @nice.isb, @syedwajahat17 sb can create and invite us?
Having that as some sort of a disccission/investor club on Real Estate, Stocks, Forex and well some philanthropy too … ?
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Remember this student too plz.