10/01/2024
Many users are wondering whether to invest money in gold, real estate or stocks in 2024 given the developments that happened in 2023.
2023 has witnessed different ups and downs between the three investment fields that many people are interested in: gold, stocks and real estate. While gold has increased continuously, stocks have fluctuated and somewhat decreased. Real estate continues to "stand still" or only has slow growth.
According to statistics from the Vietnam Real Estate Association, in 2023, the real estate market growth will slow down to about 5-7%, lower than the 10-12% of the 2018-2022 period. According to the research report "Vietnam Real Estate Market: Journey through the storm and recovery momentum" by the Vietnam Real Estate Research Institute, the real estate market has slowed down due to a number of difficulties and problems, the most prominent of which are legal issues and access to capital. Many people and investors have formed the mentality of "waiting for real estate prices to continue to decrease", causing market liquidity to decrease.
Regarding stocks, according to data from the Ho Chi Minh City Stock Exchange, in 2023, the VN-Index will fluctuate around 1,200 points, down about 10% compared to 2022. Market liquidity will also decrease by about 20% due to the impact of inflation and rising interest rates. This is considered a volatile year for the stock market. Overall, in 2023, money will not flow into stocks as expected when deposit interest rates have reached a record low, lower than the COVID-19 period.
Meanwhile, gold attracted special attention when it reached a peak of more than 80 million VND/tael at the end of 2023. In the face of economic fluctuations, many people believe that gold is currently the safest asset shelter. However, throughout 2023, the rate of return on this investment channel was only average, not really attractive compared to other investment channels. This is an investment channel that depends heavily on the international situation, especially the tense situation in Ukraine, as well as the actions of the Central Banks of countries and fluctuations in the international financial and monetary markets. If the above factors become more tense and complicated, they will have a stronger impact on the financial market. At that time, gold will emerge as a safe and stable shelter.
Commenting on the market in 2024, Mr. Dang Thai Cuong, Deputy General Director of FUNDGO Creative Startup Investment Fund, said: “According to experts' forecasts, in 2024, the real estate market will gradually recover, especially the high-end real estate segment with large value due to the strong increase in investment demand. Regarding stocks, it is likely that the VN-Index will exceed the threshold of 1,400 - 1,500 points due to improved business results of enterprises. Liquidity will also be significantly improved.”
According to the Vietnam Real Estate Research Institute, in the current context, real estate investors can consider and should focus on real needs such as: Apartment and individual housing segments serving the needs of living, business, renting or long-term investment.
Regarding the stock market, investors are advised to be cautious because the production and business situation of enterprises may still face many difficulties, mainly due to negative impacts from the international environment, reducing orders; difficulties in accessing capital and high interest rates, affecting the production and business situation of enterprises.
Regarding the gold market, Mr. Dang Thai Cuong said that the world gold price is forecast to increase in 2024 due to rising inflation and a weakening USD. In Vietnam, the demand for gold investment remains stable, the State Bank has also loosened the gold credit room, so the domestic gold market will be more vibrant. "Gold is still an ideal asset shelter in the current economic context with many risks," Mr. Cuong commented.
Sharing more about the investment strategy in 2024, Mr. Cuong said that FUNDGO will focus on technology startups with high growth potential, clean energy projects that help protect the environment, and derivatives markets for short-term profits. At the same time, "We will also add high-end real estate, stocks of strong businesses, and increase investment in gold, both physical and gold investment products to optimize efficiency," Mr. Cuong revealed.
Category: FundGo
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