Org kaya beli hartanah, org miskin nak emas

Acong · Post time 23-4-2014 07:21 AM

INVESTING
Rich Buy Real Estate, Poor Want Gold
6 APR 22, 2014 8:17 AM EDT
By Barry Ritholtz

If you want to know what someone’s views of society are, ask what they believe is the best long-term investment.

I am fascinated each year when Gallup Poll asks Americans to choose the best option among real estate, stocks and mutual funds, gold, savings accounts and CDs, or bonds. The results are a pop psychologist’s dream of cognitive issues, belief systems and ideologies. See the following chart:

Now, before we get into the details, some caveats: First, people often don’t really know what they want or think. Instead, when questioning people about their hopes and desires, we end up with a distorted mass-media version of a bad Robin Leach television series. Sad but true, often we don't know what we want out of life.

Second, survey responses are not all they appear to be. There is value in the collective data, but we need to dive into the details to tease out some fascinating cultural differences.

Note what happens when we divide the survey responses along income lines. We discover some very telling things about the American psyche.

Consider the differences between what the wealthy and poor believe is the best long-term investment:

Upper-income Americans are much more likely to say real estate and stocks are the best investment, possibly because of their experience with these types of investments. Upper-income Americans are most likely to say they own their home, at 87%, followed by middle (66%) and lower-income Americans (36%). Gallup found that homeowners (33%) are slightly more likely than renters (24%) to say real estate is the best choice for long-term investments.
Now compare that with this:

Lower-income Americans, those living in households with less than $30,000 in annual income, are the most likely of all income groups to say gold is the best long-term investment choice, at 31%. Upper-income Americans are the least likely to name gold, at 18%.
The wealthy like real estate and equities; the poor prefer gold.

It isn't too hard to figure out why. Buying and investing in real estate requires several things: Steady income, saved money for a down payment and decent credit. But it also reflects a faith in the legitimacy of the local property laws and legal system; that you will be secure in that property, and no one can illegally take it from you.

Stocks are similar: Investing in them reflects a long-term faith that the nation will continue expanding its production of goods and services. Stocks are an optimistic asset class almost by definition.

It also is worth noting that starting a business requires more than capital; it requires a specific type of optimism beyond mere economic hope of success -- a belief that the existing economic, legal and governmental system, if not perfectly fair, at least isn't wildly arbitrary or capricious. In other words, your business will rise or fall on its merits.

The Rise and Fall of Gold

More pop psychology: Gold is more or less portable; it often can be traded extra-legally. It is a disaster currency that will have value even in a Mad Max era when society breaks down. Gold reflects a hedge against the potential collapse of the existing order; it is a pessimistic investment.

What do you believe you think? How would you answer those questions? Have you given much thought to what you actually believe?

To contact the author of this article: Barry Ritholtz at britholtz3@bloomberg.net.

To contact the editor responsible for this article: James Greiff at jgreiff@bloomberg.net.

http://www.bloombergview.com/art ... r-want-gold?alcmpid

AbukRokok · Post time 24-4-2014 11:24 AM

mapus mengamuk trader emas dan agen2 public gold

Acong · Post time 30-4-2014 01:55 AM

AbukRokok posted on 24-4-2014 11:24 AM
mapus mengamuk trader emas dan agen2 public gold

siapa pembeli emas yg dah kaya selain trader & agen?

Hana · Post time 7-5-2014 11:17 AM

mcm mana bank kira utk lepaskan housing loan?
aku takut tak lepas housing loan ajek. tapi, tu la. adakah pengaliran wang tunai aku layak utk beli umah? or aku yang syok2 sendiri.

takde hutang lain selain hutang 1st house. tapi, itu hutang tu takat rm850 ajek (sebab 2nd refinancing-lower payment) kete - free debt. CC ada lah tapi, on time payment. takde tertunggak byk2.
aku mmg tangguh beli kete baru sebab nak lepaskan housing loan. takut menyesal jumpa rumah idaman selepas beli kete baru. kete tak penting.

adakah betul aku kena cari house value dlm rm200-280K? betul tak?
tapi, susah nak cari oooo..semua location jauh2 mcm lokasi jin bertendang bola ajek.

jenglut · Post time 22-5-2014 10:07 AM

Hana posted on 7-5-2014 11:17 AM
mcm mana bank kira utk lepaskan housing loan?
aku takut tak lepas housing loan ajek. tapi, tu la. a ...

bank da strict
good debt pun dia kira
elakkan beli secara hutang
beli cash subsale..renovate & sell
flip

wild_card_my · Post time 22-5-2014 12:28 PM

Hana posted on 7-5-2014 11:17 AM
mcm mana bank kira utk lepaskan housing loan?
aku takut tak lepas housing loan ajek. tapi, tu la. a ...

Kalau x segan silu, bagi hang punya gross income, fixed deposits, bonuses, dan commitments bank yang ada:

a) hirepurchase/personal loans kasi Original Loan Amount
b) creditcard/housing/ASB loan kasi outstanding loan balance

Nanti aku calculate like this fella punya. Don't worry, you guys tak kenal pun sapa HappyHealth tu, he's from another forum. Even if you do, tu bukan nama sebenar dia

baby_pingu · Post time 27-5-2014 10:08 AM

housing loan yg joint tuh kan...kalau either one dah ada 1 property..thn joint loan tuh nanti drop kah? or still bleh dpt 90%?

Acong · Post time 27-5-2014 06:47 PM

Hana posted on 7-5-2014 11:17 AM
mcm mana bank kira utk lepaskan housing loan?
aku takut tak lepas housing loan ajek. tapi, tu la. a ...

cara nak kira?

ikut formula nie....

[gaji bersih] - [jumlah semua hutang, termasuk loan yg baru nak pinjam] = Baki Bersih tidak kurang drpd RM1,200 - RM1,500

wild_card_my · Post time 30-5-2014 01:12 AM

baby_pingu posted on 27-5-2014 10:08 AM
housing loan yg joint tuh kan...kalau either one dah ada 1 property..thn joint loan tuh nanti drop k ...

1. Untuk calculation of your commitment, a joint housing loan commitment will be calculated as half. Kalau your loan commitment is RM1000, since you join dgn orang lain, for your next loan the commitment is considered as RM500

2. Untuk both peminjam, for the next house purchase it will be considered as a second housing loan, the Loan-to-Value will remain at 90%. Tapi, whether or not you will get the 90% loan is up to your net income VS your commitments

Sorry la type dlm inggeris. Senang gila nak explain finance kalau pakai bahasa barat ni, tak payah tulis banyak2. Tak faham dipersilakan untuk bertanya.
Last edited by wild_card_my on 30-5-2014 01:27 AM