Recent Article on Tips to Survive Inflation

Here’s a recent article I published on Linkedin on tips to help survive inflation

https://www.linkedin.com/pulse/how-survive-inflation-7-tips-protecting-your-finances-ron-dewitt-tg4xe/




source https://rondewitt.com/recent-article-on-tips-to-survive-inflation/

Comments

Post a Comment

Popular posts from this blog

7 Benefits That Make 2024 the Optimal Year for Gold Investment

Image
As we approach 2024, the investment landscape for gold is poised to offer unparalleled advantages, positioning it as an optimal asset choice. Crucial factors such as geopolitical instability , projected currency weakness , and persistent inflation concerns contribute to gold's status as a reliable hedge. Furthermore, surging demand, bolstered by central bank policies and technological advancements enhancing market accessibility, further augment its appeal. Historical appreciation patterns likewise speak volumes about gold's potential for sustained long-term growth . With these elements converging, what specific dynamics and strategic opportunities should investors be most attuned to in the coming year? Key Insights Rising geopolitical tensions increase the demand for gold as a safe-haven asset. Gold acts as a reliable hedge against inflation amid economic uncertainties. Projected currency weakness in major economies enhances gold's investment appeal. Market volatili...
Read more

A Practical Guide: Should You Invest in Gold in 2024?

Image
As we approach 2024, the question of whether to invest in gold becomes increasingly pertinent amid fluctuating global economic indicators and rising geopolitical tensions. Gold's historical reputation as a safe haven asset , particularly during periods of economic uncertainty and inflation, is well-documented. Nevertheless, the decision to invest in gold should not be taken lightly, given the associated challenges such as storage costs and market volatility . To maneuver through these intricacies and make an informed decision, it is crucial to weigh the pros and cons, understand the economic landscape, and consider the timing of your investment. Key Insights Gold serves as a hedge against inflation and economic uncertainty, protecting purchasing power. Historically, gold prices rise during global economic downturns and geopolitical instability. Gold offers portfolio diversification, showing low correlation with traditional asset classes. Physical gold requires secure storag...
Read more

Understanding Tax on Gold Investments in Malaysia

Image
Navigating the tax landscape for gold investments in Malaysia can be intricate, yet it is vital for optimizing returns and legal compliance. Although capital gains tax does not typically apply to physical gold sales, investors must consider other financial obligations such as import duties and the distinct tax ramifications for gold ETFs and mining stocks. Proper income reporting and adherence to tax regulations are critical to avoid potential penalties. Strategic tax planning , including leveraging potential exemptions, can significantly impact the profitability of gold investments. The intricacies of these tax considerations warrant a closer examination to fully understand their implications. Key Insights Malaysia does not typically impose capital gains tax on the sale of physical gold. Gold ETFs in Malaysia are taxed similarly to unit trusts and subject to income tax. Import duties on physical gold vary based on type and weight, affecting overall costs. Accurate reporting ...
Read more