Dear Fellows,
I have almost 2.5 m as liquid cash, I want to invest it for 2-3 years. Please advise me any good option with good return from the following:
I will be very thankful if you give some details as well.
Thank you and kind regards.
From these options go for gold!
Gold indeed. And I am mildly surprised that you even mentioned SSC certificates. That's pure interest and is therefore haram. I won't suggest anyone to go for those certificates.
You can earn halal profit from real estate and gold. And from these two options, I suppose you should go for gold because the prices are rising fast.
Thanks Nafees.
I will go for gold.
Best Regards,
Sufian
I would disagree with my fellows, gold has been a great investment between 2006 and 2011 with an average of approx 20% per annum but the trend is downward now. Experts don't have high expectations from it now.
BUT a part of your investment/savings should always be in gold.
And may I add one thing, when you wana sell gold in Pakistan they rip you off by taking 22 karat gold on the rate of 20 karat even if your bars/jewellery is stamped with 22 karat. Secondly, they won't give you cash immediately.
And here in Gulf, if you want to sell back the gold to the retailer they rate it at current price minus 5 Riyals/Durhams per gram for the jewellery.
Now what's the best way...
Buy Suisse gold bars from an exchange or a dealer who has the policy of buying back the same packed bar on the prevailing price. In Qatar, Al Fardan does that. In Dubai www.Gold.ae seems to be a good store.
Gold might not be making new highs but it’s days are not over yet. I have traded gold on the ‘spot price’ for the past five years, and I certainly believe that we will see new records. The American economy is in a pathetic state, they’ll have no choice but to keep interest rates low. Gold bugs like myself are looking forward to QE3. With Bernanke printing dollars, it is just a matter of time before gold rallies. My advice to all out there is BUY on the dips.
@Sabeen
At current prices gold is definitely a good buy. Spot trading is fine, if you know the art but for most people management of physical gold becomes an issue.
I myself am a big supporter of Gold as historically too it has been the last resort for people and empires during difficult times and we are living in one such.
I agree with MBS you can keep some part of your saving in gold as it has been very good some time back … remaining you can keep in NSC and the rest in USD$ or forigen currency… for the next few years property does not look like good investment!
@Sufian Dips in simple words would mean 'the time at which gold is trading low'. These lows vary depending on your purpose and intention of buying gold.
@MBS I definitely agree that spot trading is not for everyone, it's not just time consuming but a great health hazard as well, with adrenaline levels running high and blood pressures soaring... no wonder I've started spending time on Zameen.com. :) Real estate is a nice lazy investment.
This is what i was thinking but was not able to make a wise decision I already have some in foreign currency and was planning to transfer some in the shape of 2.5 m approx or 3.0 m in Pakistan as an investment. So majority is saying Gold, NSC & in the form of foreign currency... and too keep in mind if their is coupe in Pakistan (God Forbid) the value of Rupee against $ will be almost 20% more less.
What you say experts....?
@Sabeen,
As I am new in investment world so I can say I'm novice/beginner, and further more I am an expatriate and still want to spend 10 more years outside Pakistan but I definitely want to come to my original roots. And still I am afraid of getting cheated so lazy investments are good.
Some body was saying that Bahria Enclave in Islamabad is also a good opportunity for investment what you say on this?
@ Sufian Sorry, I can’t be of much help when it comes to the real estate in Pakistan as I am an expat myself. Though I am sure you’ll find some expert advice on this forum as most contributors are well versed in the field and give honest and genuine views.
@Sabeen
In which country you are?
If we knew the answer to the question then we would all be very rich. Go with what is more suited to your temperament or in which you have the most knowledge.
Dear All,
@ Zameen we discuss and give our feedbacks/expert advices regarding real estate. But having said that I too am learning a lot regarding Gold.
At the same time i would suggest to invest in Real Estate for that short period of time .. both Real Estate and Gold are good options then again depending on when and where one is going to invest.
I would second @Sabeen for Real Estate being lazy and sit back kind of tension free investments.
Ali MEYAAR Builiders
@MBS
I would only say .. Gold will always be Gold.
Ali MEYAAR Builders
@OKhalid & @MBS
What return would one get from NSC ? ... other than it be haram.
If you put maths right, its not charming investment. It would be better to import less than 1000cc cars and sell.
In my opinion Real Estate + Gold are better investments.
Ali MEYAAR Builders