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swoodman
Joined: 24 Sep 2009
Location: Reading, United Kingdom
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 Posted: Wed May 30, 2012 11:51 am Post subject: Where to invest? |
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Im from the UK. I have about 2m won left over in savings. (I left Korea three years ago). Im pretty tired of the fluctuations of the Korean economy. Ive been waiting for the situation to improve but Ive realised I might be better off investing this money elsewhere.
I know nothing about investing, any ideas where I should keep the money?
(and dont say facebook) |
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Steelrails
Joined: 12 Mar 2009
Location: Earth, Solar System
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| Posted: Wed May 30, 2012 2:07 pm Post subject: |
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I don't think you're going to find any country on the globe right now that doesn't have a fluctuating economy.
Before investing, it might be good to read that "boring" business section in the newspaper and some "lame" economic and business publications. |
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Kuros
Joined: 27 Apr 2004
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| Posted: Wed May 30, 2012 2:31 pm Post subject: |
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My recommendation: Vanguard
Lowest fees among mutual funds. It requires no knowledge, little effort, and little faith in salesmanship. Its the cheapest major mutual fund, and its track record is as good as any other. |
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northway
Joined: 05 Jul 2010
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| Posted: Wed May 30, 2012 3:18 pm Post subject: |
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| Man, three posts in and still no gold pushers? Where's my radical fringe at? |
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sml7285
Joined: 26 Apr 2012
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| Posted: Wed May 30, 2012 4:00 pm Post subject: Re: Where to invest? |
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| swoodman wrote: |
Im from the UK. I have about 2m won left over in savings. (I left Korea three years ago). Im pretty tired of the fluctuations of the Korean economy. Ive been waiting for the situation to improve but Ive realised I might be better off investing this money elsewhere.
I know nothing about investing, any ideas where I should keep the money?
(and dont say facebook) |
Save up. Seriously. There's really no point in investing in traditional markets unless you have at least US$10k. You want to spend at least $7.5k in 5-10 different areas and have $2.5k in liquid assets to buy if a particular company is extremely undervalued at any point.
If you really really want to get rid of the $2k, then stick it in a mutual fund. I, however, recommend the "if you want something done right, do it yourself" method. |
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swoodman
Joined: 24 Sep 2009
Location: Reading, United Kingdom
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| Posted: Wed May 30, 2012 4:14 pm Post subject: |
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Jokes aside - whats so radical about gold?
Other than that I might just stick it in a fixed term ISA |
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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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| Posted: Wed May 30, 2012 5:43 pm Post subject: |
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Great advice! |
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northway
Joined: 05 Jul 2010
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| Posted: Wed May 30, 2012 6:13 pm Post subject: |
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| swoodman wrote: |
Jokes aside - whats so radical about gold?
Other than that I might just stick it in a fixed term ISA |
Nothing really, but the time to buy was probably a couple years ago, and there are a fair number of posters here who are adamant about buying actual gold (coins, etc.) and keeping it with them. |
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comm
Joined: 22 Jun 2010
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| Posted: Wed May 30, 2012 6:53 pm Post subject: |
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| northway wrote: |
| Nothing really, but the time to buy was probably a couple years ago, and there are a fair number of posters here who are adamant about buying actual gold (coins, etc.) and keeping it with them. |
I think you just answered your own question as to why no one is promoting gold atm. I'd rate gold as "hold" now and put something into commodities now in preparation for long-term global recovery. |
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Leon
Joined: 31 May 2010
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| Posted: Wed May 30, 2012 7:46 pm Post subject: |
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| If you have any debt, it might be a good idea to just put all of that money towards paying it off. |
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northway
Joined: 05 Jul 2010
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| Posted: Wed May 30, 2012 7:49 pm Post subject: |
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| comm wrote: |
| northway wrote: |
| Nothing really, but the time to buy was probably a couple years ago, and there are a fair number of posters here who are adamant about buying actual gold (coins, etc.) and keeping it with them. |
I think you just answered your own question as to why no one is promoting gold atm. I'd rate gold as "hold" now and put something into commodities now in preparation for long-term global recovery. |
Maybe I've just been watching too much "Doomsday Preppers". |
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comm
Joined: 22 Jun 2010
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| Posted: Wed May 30, 2012 7:55 pm Post subject: |
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| northway wrote: |
| Maybe I've just been watching too much "Doomsday Preppers". |
Well... being prepared for the next major crisis (be it total war, natural disaster, or economic collapse) is always something worth investing in  |
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northway
Joined: 05 Jul 2010
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| Posted: Wed May 30, 2012 8:02 pm Post subject: |
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| comm wrote: |
| northway wrote: |
| Maybe I've just been watching too much "Doomsday Preppers". |
Well... being prepared for the next major crisis (be it total war, natural disaster, or economic collapse) is always something worth investing in |
"We're buying lots of guns and silver. When society collapses, silver will be worth $500 an ounce. Well sit here safely watching TV with our guns while the world falls down around us. Also, we bought some seeds, so we'll start a garden when things get bad."
Man, that show is amazing. |
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giraffe
Joined: 07 Apr 2009
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| Posted: Sat Jun 02, 2012 7:35 pm Post subject: |
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2million won isnt much to invest =/. Dont think youwould get much return from that.
I've just been putting all my extra money into High interest savings accounts. I have much much more than 2m in those so I get a decent amount of interest money at the end of the year..... With 2 million you wouldnt get much in return. Prolly like 50$ after 12 months haha..
As others mention either pay off debts you owe OR just save it somewhere. |
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harryh
Joined: 16 Jan 2003
Location: south of Seoul
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