Gold, stocks, real estate are all 'hot', which channel should I invest in?

In this context, experts recommend that investors should build a smart risk prevention strategy, especially following the principle of "not putting all eggs in one basket".

Mr. Dinh Quang Hinh, Head of Macroeconomics & Market Strategy Department, Analysis Division of VNDirect Securities Company, said that allocating a reasonable investment portfolio between channels such as stocks, real estate, bank deposits and partly into precious metals will help preserve capital, while creating room for sustainable profits in the long term.

Securities companies may enter a new cycle of revaluation as they expand into digital investments, crypto assets and robo-advisory services - areas with long-term growth potential, said Mr. Hinh.

“Overall, the Vietnamese stock market is still accelerating, but not all cabins are full of passengers. Some large-cap stocks are increasing rapidly, pushing the index up, creating a feeling of ‘expensiveness’ in terms of points. However, in many sectors, valuations are still moderate, even attractive for long-term investors, while young investors and short-term investors should not buy at this time.

We need to dissect each industry and each business because at the peak of history, every wrong decision is more expensive than usual. At this time, young investors and new investors should not participate in the stock market. If you have money, you should diversify investment channels such as gold, stocks, and deposits to limit risks," said Mr. Hinh.

Apartments are also considered an effective investment channel. (Illustration photo)

Mr. Ngo Thanh Huan, Chairman of the Board of Directors - CEO of FIDT Investment Consulting and Asset Management Joint Stock Company, said that at this time, it is necessary to consider carefully when choosing an investment channel to invest in, because recently, stocks, gold, and real estate have all increased rapidly.

According to Mr. Huan, Vietnamese stocks are a volatile investment channel because most customers in international markets have experience, knowledge and techniques so they know how to invest. Meanwhile, Vietnamese investors are often greedy, lack techniques, have little knowledge, are influenced by emotional factors and easily fall into the situation of "buying at the top, selling at the bottom".

“Therefore, stocks are not a good and optimal investment channel for Vietnamese people, although recently many investors have won when the market is very positive,” Mr. Huan said.

From the above analysis, he believes that in the long term, real estate will have real demand; buy apartments because many housing and apartment projects appear with acceptable prices and buy land in areas where people already live; do not invest in land in forests, mountains, or abandoned project land.

“Investors with more than 1 billion VND should borrow more to invest in an apartment or a piece of land around an area where people live, instead of buying in a remote area with prices ranging from more than 1 billion to more than 2 billion VND. For example, in the North, there are Thanh Hoa, Hai Phong, Bac Ninh, in the South, there are Long An , Dong Nai, old Binh Thuan (now Lam Dong). Buying land to keep for 5 years cannot help but increase,” said Mr. Huan.

Analyzing the gold investment channel at this time, expert Tran Duy Phuong said that in the context of many fluctuations in gold, stock and real estate prices, investors should build a smart risk prevention strategy, especially following the principle of "not putting all eggs in one basket", Mr. Phuong said.

According to Mr. Phuong, allocating a reasonable portfolio between channels such as stocks, real estate, bank deposits and partly into precious metals will help preserve capital, while creating room for sustainable profits in the long term.

Gold is considered a potential investment channel, but you should not "put all your eggs in one basket". (Illustration photo)

“With gold, investors should only buy when the price is down, not when the price is up, avoid chasing the market, the risk will be very high. At this time, you should not buy, you should wait for strong correction sessions, buying will be safer. For sellers to take profit, this time is also an opportunity to sell part of the portfolio and wait for the price to decrease to buy back at a lower price,” said Mr. Phuong.

Dr. Nguyen Tri Hieu, an economic expert, commented that gold prices are “swaying” as many investors take profits; however, in the medium and long term, gold prices will continue to increase. The reason is that the global trade war has not yet ended, geopolitical risks in many regions are still very complicated, and the global economy is still unstable.

The domestic gold bar price has increased by more than 47% compared to the beginning of the year. According to the forecast of Dr. Nguyen Tri Hieu, SJC gold bars will soon conquer a new record of 125 million VND/tael, and may even reach 130 million VND/tael in the near future.

“Among investment channels such as gold, securities, real estate, stocks, savings, bonds and soon digital currency, gold is still the most exciting investment channel in Vietnam. The Vietnamese people's preference for gold has existed for a long time and this is still an irreplaceable investment channel,” said Dr. Nguyen Tri Hieu.

Mr. Nguyen Quang Huy, CEO of the Faculty of Finance and Banking, Nguyen Trai University, analyzed that the recent sharp increase in stocks has caused a significant amount of speculative capital to shift from gold to stocks, and the "fomo" (fear of missing out) psychology in gold has decreased significantly compared to the time when gold prices were high in the first half of the year.

“At present, gold is forecast to fluctuate within a narrow range in the second half of the year and prices are at a high level. Therefore, investors should reduce their gold holdings, specifically only holding about 10% of their total investment portfolio, to prevent risks,” said Mr. Huy.

On the morning of August 16, the price of gold bars at Doji and SJC was listed at 123.5-124.5 million VND/tael (buy - sell), unchanged for buying and down 200,000 VND/tael for selling. The price of gold rings is currently listed by Doji at 116.5-119.5 million VND/tael (buy - sell), down 300,000 VND/tael for both buying and selling.
Closing yesterday's trading session, August 15, VN-Index decreased 10.69 points (0.65%) to 1,630 points, HNX-Index decreased 2.81 points (0.99%) to 282.34 points, UPCoM-Index decreased 0.34 points (0.31%) to 109.61 points.
Market liquidity was pushed up, with total transaction value reaching VND 65,567 billion, equivalent to nearly 2.4 billion shares.
On HoSE, liquidity increased by 12% compared to the previous session, reaching over VND59,060 billion. The banking group no longer played a supporting role but became the main drag, taking away more than 2.3 points from the VN-Index.
The two bank stocks MBB and VPB closed with only slight increases, with VPB +1% to VND31,100, matching 64.8 million units and MBB +2.4% to VND28,250, but recording a record matching session with more than 117.4 million units.

PHAM DUY

Source: https://vtcnews.vn/vang-chung-khoan-bat-dong-san-cung-nong-nen-dau-tu-kenh-nao-ar960134.html