Struggling with investment channels
After plunging throughout April, by the first half of May, the stock market has not ended its decline and created a “bottom” that makes individual investors like “sitting on fire”. Many people want to give up securities to switch to other investment channels, but everywhere they look, they see risks.
“Gaining losses” in securities
By the end of the trading session on May 13, VN-Index was only 1,182 points, which is more than 22% lower than the peak of 1,530 points set in March. In the market, many investors have suffered losses. up to 40%-50%, especially those who mistakenly buy speculative stocks or use high financial leverage (margin) can lose up to 60%-70% or lose their investment amount.
Mr. Phan Dung Khanh, investment consulting director of Maybank Investment Bank, said that the short-term and medium-term trend of the market is still bad. “The last drop has only lasted for about a month and a half, but many people have “flyed” a few “red books”, their accounts lost both principal and interest.
Many investors are still trying to “hold on to losses” waiting for the market to recover and deposit money into the margin burden, but if it continues to decrease in the long term, it will be more difficult. Individual investors who have supported the market for the past 2 years are now also net sellers. The market needs more discounts to enter the accumulation zone, but it is very difficult to increase immediately,” said Mr. Khanh.
The stock market and profitable investment channels both carry many risks that make individual investors nervous. Photo: ROYAL TRIAL
On many forums, veteran brokers of securities companies also expressed their surprise at the market’s unrecoverable decline, literally “plunging without brakes”… and advised investors to stand. out during this period.
Take risks with gold and real estate
Gold investment channel is considered quite safe in the difficult period with many potential risks. SJC gold price on the weekend of May 15 continued to fall – to 69.5 million dong/tael, down nearly 5 million dong from the peak of 74 million dong. Those who invested in gold a few months ago are holding on to heavy losses.
On some gold trading forums, many investors expressed concern that the SJC gold price might continue to decline in the context of the world gold price equivalent to about 50.7 million VND/tael. This development made many investors not dare to “hold” gold for fear of “burning their hands”.
Mr. Hoang Quan (living in Thu Duc City, Ho Chi Minh City) said that after cutting a loss of about 700 million dong on the stock market, he did not dare to put money anywhere to make a profit because any channel was difficult.
“With the remaining money, buying land is not enough because it has increased too high, if it is bought, it is not easy to sell, not to mention that recently the state is tightening capital flows into real estate. And investing in gold is even more risky. risk because the world gold trend is decreasing”, – Mr. Quan said.
Economist – Dr. Dinh The Hien analyzed that this year, three-quarters of healthy capital factors for the real estate market (bank credit, individual investors, real estate businesses) have all decreased sharply. , only capital flows from foreign companies remain.
They buy, sell, merge good projects in the medium term or find land to rent in industrial zones, helping the industrial real estate segment to grow.
“Bank capital is tightened or strictly supervised, capital from individual investors will certainly decrease when they do not see profitable opportunities, while real estate companies also face difficulties because they do not raise capital from investors. bonds or bank loans, so it will be very difficult to surf real estate now,” said Dr. Dinh The Hien.
Prefer online savings because of high interest rates
According to Mr. Phan Dung Khanh, when many investment channels are risky, idle cash flow will tend to shift to safe channels for “shelter” such as savings, insurance, Government bonds, corporate bonds, etc. Karma…
However, investors will choose bonds of production and business enterprises instead of real estate enterprises after a series of unfavorable information.
As noted by the reporter of Nguoi Lao Dong newspaper, in the trend of deposit interest rates are inching up, especially online deposit interest rates at some banks have now exceeded 7%/year or digital banking applications are also “racing”. pay attractive interest rates to attract depositors, such as the interest rate for online savings at Nam A Commercial Joint Stock Bank up to 7.2%/year if customers deposit from 12-15 months and 7.4%/year if depositing from 16-36 months.
Notably, the digital bank Cake by VPBank (Vietnam Prosperity Commercial Joint Stock Bank) announced the deposit interest rate up to 6.6%/year for 6-month term and 12-month term to 7.1%/year; Particularly for Cake Super payment accounts, the interest rate is up to 3.6%/year.
In addition, some e-wallets also “entered” with deposit products in cooperation with commercial banks, such as MoMo launching Than Tai Bag product with profitability up to 6%/year, maximum deposit limit. 30 million VND or ZaloPay e-wallet has the product “Accumulation account” – allowing customers to use idle money from 10,000 VND to invest and earn 5%/year.
at Blogtuan.info – Source: Soha.vn – Read the original article here
