Property versus Gold hey? Well it's not my place to tell people how to invest their hard earned but here's my story and why I choose gold stocks with a few other miners and industrials to invest in.
I seriously considered property. But I had bought and sold a lot of properties and rented too and the whole industry worried me greatly. It was full of sharks, and the entry and exit costs (both direct and indirect) were huge. I didn't want to set up my properties on negative gearing because this was basically a tax deduction grab. What kind of business plans for a loss? And I thought we were near or at the top of the capital growth cycle.
I chose Aussie gold miners because I knew a bit about the industry and could see we were at (or close to) the bottom of the POG cycle. I like the idea of supporting Australian businesses which provide good jobs with decent salaries, an had excellent environmental and community engagement records (triple bottom line). I got in just as the prices were ticking up but I have done OK.
Wished I had started last year but that's how it goes.....
Within 48 hours of making that decision I had my commsec account and done my first trade. By the end of the week I had a basket of 6 stocks that I could monitor, research, top up, exit etc.
I hedged by adding Lithium and copper to my portfolio along with a few industrial and renewables. That way I am covered if the US dollar and the global economy takes off instead of stalls. I can constantly monitor the market value, I can get out for a few hundred dollars during trading hours. There is an incredibly flexibility to it the whole thing. Best of luck to everyone whatever path you choose.
