Hi guys, I need serious suggestion, my wife has approx 20 lac jewellery, she thought to buy a plot with it, if we sell this gold jewellery, we get approx 16.5 lac sale value due TFO wastage etc. So my question is, is it good idea to buy property in 3.5 lac loss in its sale, whereas after 15 yrs when my daughter will be getting married will be selling purchased plot again and buying gold again, so what do you guys say? Property will buy me more gold after 15yrs? Or keeping gold is good? Please share your expert opinion.
Buy property and in 15 years it will do much better than gold inshaAllah. But the issue is you have to buy smartly. If you are investing for 15 years, go for Ministry of Commerce society in Islamabad E-19.
I agree that Property will outperform gold over the long term as sooner or later, within this decade the gold bubble created by ETFs will burst. However, smart investing doesn’t necessarily mean investing in an undeveloped society today to sleep over your investment for the next 15 years. If you actually invest smartly and move your money to the right places even after every 2-3 years, you will end up making a whole lot more. Just avoid high risk areas. You can forget about just gold, because you will be able to do a whole lot more for your kids then, InshAllah.
@chand
You are stone hearted man. It is not good thing in my opinion to sell the household things for investments in property in hope to get your money doubled.
15 years is long enough time and you n your wife have only few years to enjoy and after 15 years nobody know what happens to a persons life health etc. And taking little happiness from your loved ones for sake of getting more money is very deplorable approach towards life.
All efforts to get money and more money is to make life comfortable for your loved ones and of yourself.
You should invest your saving ,earned through exerting extra efforts in your work, not by selling household item. If you think that gold of your wife is extra thing then before snatching the little happiness of your spouse you should sell your car/bike/I-phone first and invest the money received from selling of these item in property for 15 years. This will show the sacrifice to your family from your end that you are sincere in your thinking towards you.r wife and daughter .
Doing business by getting loans or by selling household item of wife/mother etc is not a business/investment at all. It is only a mental torture for your self and for your family members also.
Please do not mind my words as there are my comments and any one can disagree with me.it is an attempt to guide you to avoid your any family trouble due to YOUR INVESTING APPROACH and is written in good faith.
ALWAYS REMEMBER THAT FAMILY RELATIONS AND THEIR HAPPINESS IS ABOVE ALL THE MONEY OR ANY MATERIAL THING IN WORLD. IT IS CONFIRMED RELIGIOUSLY ,MORALLY AND SOCIALLY.
FAKAT APP KA APNA
CRORE PATTI
Dear All,
Don't forget that every year we have to pay ZAKAT on gold and if we just paying ZAKAT out of that gold and its not appreciating price so its LOSS.I believe that ZAKAT on personal use property don't have to be paid and even for investment you can choose to pay later.
Regarding Gold Wastage:
This is "mazdoory" of jewelery and this exist every where in the world so don't think that way that you are getting loss and then you have to pay more "mazdoory". As after 15 years they to melt this gold any way to get new designs.
Real Estate is increasing in price than Gold.
Due to safety issues in Pakistan, wearing gold is like you carrying cash in your hand.
I am also thinking to sell some gold jewelery and invest in property.
I hope this helps.
@arshad
Sorry I want to correct you that all the plots/property you are purchasing for investment is zakat payable at the time of selling of plot , for all the years for which you hold pot/property without giving zakat.
Only expection is the plot purchased for you're own living purpose
It is highly recommended to consult your AALIM of your faith . I have contacted AALIM as per my understanding
FAKAT APP KA APNA
CRORE PATTI
My suggestion,
1- Sell 75% of the Gold, but keep 1 set for your daughter, as old is gold :)
2- Buy a decent plot by that money, in 15 yrs, the price hike will be >10 times InshALLAH!
Gold price is not going to rise that sharply, I have keen eye on stock market.
I agree with Cror patti on Zakat. We are all eager to invest and accumulate wealth but forget to pay Zakat.
Thanks for reminding us..... May Allah make you arab-patti so that you pay Zakat in Crors.
Jewelry and real estate are two very different kind of investments. The first is much safer and adjusts with inflation, while the second is high risk but high gain. It is always advisable to set aside some valuable assets as safe reserve for rainy days and not to take risk. Specially investing in a business, that you don't know about, may have a tragic end.
Summary: you should always keep some valuables as reserve, such as jewelry, gold, foreign currency, etc. And invest only extra money in real estate, such as money in banks, etc.
He definately loves his daughter and family that is why he want to invest,dude do not buy gold,15 years u never know what future holds for u,come out of box and think differently to generate money and let your wife enjoy gold,gold itself is investment keep it safe,may Allah give u more to invest in property,focus on ur daughter career and gromming,make her dr.etc may be my son fell in love with her and he definately wont take dowry.cheers.sincer advice with bit fun no offense.
Dear Chand,
Many members have given their valuable comments based on their understandings and I respect, their recommendations.
I would suggest, to purchase one 5 marla file in DHA Valley blocks like sunflower, bluebell and I hope after 15 years, you will get good return for your investment.
Thanks
wese aik observation meri bhi hai:
My sister sold her jewellery on her husband's request for investing in property. He bought a 10 marla plot in Bahria Town Islamabad about many years ago. He recently sold it for 50 lacs. From that money, he bought a 1 Kanal plot in some housing society of atomic energy commission for 22 lacs. From the rest of 27 lacs, he bought two plot files in DHA Lahore and gifted them to my sister. How cools is that? From 8 lacs to owner of some very promising property plots.
Salook itefaq se ghar chalta hai, banta hai, sanwarta, tera mera kia hota hai?
Dear Samra,
Nice sharing... When it click, no one can stop.
I think you are in a better position to comment on this post being a female, as they are more attached with jewelery... On lighter side....
Thanks
Yes, it is true. Its about supporting each other. Once, my mom sold her jewellery to pay my fee and she didnt even tell me about that.
Even today, when i think of it, i get tears in my eyes. So, its about supporting each other.
This is life.
Brother, if your wife agrees then go for it. I think investing in property would give price appreciation.
Rest ALLAH knows better,
regards,
zain Nadeem
Hi,
My recommendation is to sell a percentage of gold, i.e. 60 - 70% and invest in some stable community i.e. DHA or something similar.
Since we have a cash based economy, the property will keep increasing in value, as the mortgage market is very small, however the inflation and DE-valuation of rupee will keep bringing the overall gains down.
So keeping a mix is important in my opinion.
Regards,
Zeeshan
Thank you All for your valuable Feedback.
Also to update, She will get plot in her name :) Not mine, so she will still be owner of her stuff. She is trying to be smart to take little risk, and yes 70% is what she wants to spend and rest small set she will keep for functions etc.
But her Investment reaches 13 to 14 Lack Range if we take 70% of it. And i am planning to get her File for DHA EME 2 Lahore. Is that fine? that is only option that i can see after NFC2 Lahore. Any advise on this decision will be appreciated. And again i am glad to see so many replies :)
Excellents Comments... Fully agreed with Mr. Crore Patti....Chaa gaye hain aap...
And regarding your zakat statement over invested property, you are 100% correct.... Only land for your own living purposes is exempted from zakat. Rest is as much applicable as gold, cash or anything else
A good discussion. My sugestion to all is NOT TO PUT ALL EGGS IN 1 BASKET. Also invest in all arnd Isbd ie, DHA, Bahria Rwp, Bah Enc Isbd and New Sub Sectors ISbd. Also see the opputunities of Flats especcially DHA Alghurair Giga with small investments and good returns in short term and WTC. Ths is my personal useful tested idea.
If you are an intelligent investor, divide your amount in 3 parts,
20 % for LTR (1 to 2 yrs),
40 % for Medium term (6 to 9 Months)and
40 % for short term (2 t0 3 months)
Nadeem Abdul Qayoom
0332 527 8013
meedanaq@hotmail.com