Where should you put your money in the Year of the Goat?
Where should you put your money in the Year of the Goat?
Feng shui experts say the “Prosperity” star still shines in 2015, the Year of the Goat. Therefore, if someone makes an investment in the year, especially in metals, he will see good results.
Women advised to invest in gold, jewelry
Lillian Too, a feng shui expert, master in business administration of Harvard University, noted that 2015, the year of the Goat, is a “balanced year” with the presence of all the five elements - metal, wood, water, fire and earth – that create living beings.
2015 is believed to be the year when “metal” dominates, therefore, Too advised women to inject money into gold and jewelry.
However, Vietnamese investors have been more hesitant to invest in gold in recent years because of unpredictable price fluctuations.
Dr. Nguyen Tri Hieu, a renowned economist, also noted that gold proves to be the riskiest investment channel out of five channels – gold, securities, real estate, foreign currencies and bank deposits.
Real estate market warms up
The increasingly high demand for housing products, especially low-cost apartments, is the major reason that experts believe that the real estate market will warm up in 2015.
Dr. Vu Dinh Anh, a renowned financial expert, noted that the predicted inflation rate of over 5 percent would also help because real estate is considered a “shelter” for people to hide in the context of high inflation.
Some feng shui experts said the the “prosperity” star in 2015 will shine most brilliantly for people born in the year of the Cat, such as 1915, 1927, 1939, 1951, 1963, 1975, 1987, 1999 and 2011.
Doan Nguyen Duc, chair of Hoang Anh Gia Lai Group, was born in 1963, while Trinh Van Quyet, chair of FLC Group, in 1975.
Securities and bank deposits – the riskiest and safest investment channels
The VN Index fluctuated in 2014, causing severe losses to many investors. The VN Index rose from 500 points to over 600 points and then unexpectedly dropped to the 500 point threshold after the East Sea event. After that, it unexpectedly bounced back and exceeded the 640 point threshold, but then dropped once again to 500 points in late 2014.
Dr. Tran Hoang Ngan, a member of the National Assembly’s Economics Committee, noted that putting deposits in banks would be a good choice for investors in 2015. With the inflation rate at less than 5 percent, the GDP growth rate at 6.2 percent and the dong devaluation at no more than 2 percent, it would be profitable and safe to deposit money at banks.
