Day trading as I do would be best but you have to move to right jurisdiction too to avail tax free or territorial taxation countries. That would be the best way to make money without future headaches.
gold is very safe assett but its storage is expensive for 1 Million dollar capital. If you have 50 million dollars or more then gold storage makes sense as it tends to get very expensive to store gold every month plus you need good timing to buy gold. This is not the best time to buy gold as markets are panicked due to Covid 19 situation it could go up to 1900 $ or fall down to 1460 $. I trade gold every day on broker platform so I know its been bullish lately but falls hard too at some technical levels. A broker does not charge you storage fees every month so my personal view is a broker platform and learn some technical analysis but don't put 1 million dollar in the broker account. Split it up between different investments. Attend some online webinars on real estate properties and make your choices but do some researches properly. When gold went down 1160 a few years ago, I advised everyone to buy gold at the time as it was cheap and technically it was going to go up sooner or later. It did go up as you can see it had gone up to 1792 plus and then it crashed again to 1454. The idea is to store gold is a good one but for 1 million dollars now its not feasible unless you are generating 1 million plus every year.
Financial markets are not out of control. We knew GBP pairs are going down last week so we all sold them last week. Markets have always been risky but still people are making money in this. Money management skills as well as technicals and fundamental grip is necessary which takes years to develop. As of the moment gold might take a dip or could go up as its moving in a very tight range so please don't buy and store it at this moment. Not advisable.
Every thing depends on your citizenship and residency. There is very good information about every aspect on this forum. Please do make use of it. You have to read through every post here to make your plan or get the gold mentorship to get fast track information and advice. IC market Australia is a very good broker. If you are EU resident, then you will have very limited leverage in any broker but if you are resident of another country then you have lots of option. My recommendation is to split up your investments always into multiple baskets.
Sometimes rich kids, lottery winners etc it worked well too. Look at Trump. He inherited 1 million dollars from his rich father and now he has multi million dollar empire. Trump towers are all over the world with his brand name
Yes that’s usually the answer you receive from rich kids and lottery winners. Trump ruined most of his business and let tax payers guys pay for it. So you get founded by daddy which is okay, then you crash everything and let the tax payers fix it for you. Of course it was working for him good but I wouldn’t consider this as some good business. But that’s only in my opinion. I love discussion and to get To get other people’s opinion.
