This is the time of the year when you wished that you are not married and if you are single, you should be proud of your status as well. This is the time of the year when you will be making money almost every single day during Chinese New Year while you watch your parents sweat over those big fat Angpaus.
I’m writing today’s post to 3 different categories of people:
1) If you are still single and young, please request from your parents ‘The 3 Most Unconventional Angpau (Red Packet) Ever!’
2) If you are a parent, please consider my proposal to give your children ‘The 3 Most Unconventional Angpau (Red Packet) Ever!’
3) If you are my parents, you should know your son by now!
While most parents prefer giving Ringgits or Dollars as Angpau, my common sense tells me that most parents should be giving their kids assets instead of liabilities. Why is an Angpau a liability? Because most children will be spending their money either buying a new iPhone4, gambling their cash away in Black Jack sessions, and end up with little or no money by the end of March! With the ‘3 Most Unconventional Angpau (Red Packet) Ever!’, you are guaranteed that your child is on his way to be a smart investor.
The following are my recommended ‘3 Most Unconventional Angpau (Red Packet) Ever!’:
1) Good valued stocks
When I was approaching the age of 21, my parents asked me for my greatest wish for my 21st Birthday, I did not request for a new car, new handphone or a big fat angpau filled with cash. Instead, I requested for a lot of iCapital stock which was trading at around RM1.26 at that time. The main reason why I was so enthusiastic about iCapital was the fact that it was the only Close-End Fund that was listed on Bursa Malaysia which I regarded it as the Berkshire Hathaway of Malaysia. Also, I had huge admiration for the owner of iCap, Mr. Tan Teng Boo, who was well known for his critical writing and constant criticism of Malaysia’s past mismanagements, white elephant projects and poor economic policies. I regard Tan Teng Boo as one of the best fund managers in the world! Today, iCapital is trading at RM2.15 and my ‘Unconventional Angpau’ has almost doubled its value!
When you understand the history of money and currency, you will soon realise that those papers that you are slotting into the red packets are just Fiat Currency, a paper money that depreciates in value in the long run. Why give a depreciating asset to your loved ones when you can give your child an asset that never depreciates in value – Gold & Silver!
In Alan Greenspan’s exact words in his 1966 writings on Gold & Economic Freedom, he said, “Deficit spending is simply a scheme for the ‘hidden ‘confiscation of wealth. Gold stands in the way of this insidious process. It stands as protection of property rights.”
My warning however is this.. Please do not acquire precious metals as an investment for making money. Precious metals are simply the only monetary asset, where you can safely store wealth outside of the Fiat Currency (Collapsing debt-based paper money).
Few weeks ago, I had an enquiry from a friend who mentioned that he wanted to buy silver but his mother stated that Bible only values Gold as a precious metal, meaning silver doesn’t have value. The fact is gold & silver was mentioned 487 times in the Bible!
Some references for you will be:
In fact, China is pushing the idea of silver investment to the general population. Think about it… if 1.3 billion Chinese citizens start investing in silver, even in tiny quantities, imagine what that will do to the price of silver in the near future! At the same time, imagine 1.3 billion people wanting electric lights, cars, mobile phones, laptops and everything else that we have taken for granted, that would be an incredible amount of silver supply needed in electronics to meet daily increasing demand. What do you think that will do to the silver price in the not too distant future?