Year of PigYear of the Pig – Year for Investment?

Will the Lunar New Year see you filling your piggie bank from property investment?[1]

On 5 February 2019, the Lunar New Year was ushered in. Depending on when you were born, the Year of the Earth Pig could prove prosperous! In Chinese folklore, pigs are the symbol of wealth and their chubby faces and big ears are signs of fortune.

To paraphrase a nursery rhyme, this year some little piggies will benefit from heading into the property market (potentially add to portfolio), while others should stay home (concentrate on making the most from existing rentals by looking after them).

According to Feng Shui master Dato’ Joey Yap, this is what you can expect in terms of investment in the Year of the Pig based on your Chinese zodiac:

Year of the Dog (those born in 1934, 1946, 1958, 1970, 1982, 1994, 2006, 2018): “good opportunities to increase your wealth and financial well-being”, but you should “not be tempted to take shortcuts” and “be diligent in your research when it comes to your investments”.

Year of the Pig (1923, 1935, 1947, 1959, 1971, 1983, 1995, 2007): “expect slower growth in wealth this year”, curb the expensive habits that are actually reducing your wealth and learn to invest.

Year of the Rat (1924, 1936, 1948, 1960, 1972, 1984, 1996, 2008): “good opportunities to grow your wealth”, but you need to keep your appetite for risk in check and “avoid risky and speculative investments”.

Year of the Ox (1925, 1937, 1949, 1961, 1973, 1985, 1997, 2009): “refrain from making unwise and hasty financial decisions”, aim to improve your saving habits and “balance your finances”.

Year of the Tiger (1926, 1938, 1950, 1962, 1974, 1986, 1998, 2010): “wealth stars are in your favour”, “sharpen up your skills in investments” but seek others’ advice before deciding on investments (you can always chat to an EBM Financial Planner!).

Year of the Rabbit (1927, 1939, 1951, 1963, 1975, 1987, 1999, 2011): an auspicious year in terms of wealth, you should “take charge” of your finances and wealth pursuits but “seek counsel from financial advisors before making any investment decision” (see above!).

Year of the Dragon (1928, 1940, 1952, 1964, 1976, 1988, 2000, 2012): “the stars are in place for new beginnings” and the prognosis looks positive for wealth.

Year of the Snake (1929, 1941, 1953, 1965, 1977, 1989, 2001, 2013): “avoid risky investment decisions” as “there’s a chance of monetary losses”, but look to “spending wisely on things that may become more valuable and profitable over time” (sounds like property!).

Year of the Horse (1930, 1942, 1954, 1966, 1978, 1990, 2002, 2014): “keep an eye out for lucrative investment opportunities in property or shares”, but “don’t be overly impulsive when making these decisions” and “pay attention to your cash flow and avoid excessive spending”.

Year of the Goat (1931, 1943, 1955, 1967, 1979, 1991, 2003, 2015): a favourable year in terms of wealth so look towards “previously side-lined deals or projects” which may come to fruition this year.

Year of the Monkey (1932, 1944, 1956, 1968, 1980, 1992, 2004, 2016): with two “auspicious stars” expect financial success as wealth-building opportunities abound, so keep your eyes open for bold new investments but “avoid risky setups like venture capitals and high-yielding bonds”.

Year of the Rooster (1933, 1945, 1957, 1969, 1981, 1993, 2005, 2017): “may be a challenging year for you to grow your wealth”, so “spend wisely and manage your finances diligently”.

Feng Shui in the Year of the Earth Pig: 

  • Lucky numbers: 4, 6, 8
  • Lucky colours: yellow, gray, brown, gold
  • Lucky days: 2nd, 7th, 10th, 11th day of every month of the Chinese calendar
  • Lucky directions: south-east, north-east

It is also said that real estate is an ideal profession for those born in the Year of the Pig!

Whether the Year of the Pig is a good one for you to bolster your wealth or not, no-one wants to be the little piggie that cries all the way home when misfortune (like income losses or property damage) strikes. A sure-fire way to protect your piggy bank is to safeguard your investment property, your business and yourself with the right insurances.

新年快乐 (xīn nián kuài lè)!

Chinese invest in Oz

According to Juwai.com’s Australia 2019 Outlook for Chinese Residential Real Estate Buying, Chinese investment in Australian property will remain buoyant. Citing strong Chinese wealth growth, desire to get a bargain while the market is soft, the yuan sitting favourably against the Oz dollar, and a lack of investment opportunities in China and other regions such as the US due to the trade war as key reasons why Oz resi real estate is an appealing investment. In 2018, Chinese buyers spent US129.3billion on foreign property and within Australian property Chinese accounted for 22 per cent of all foreign investment.

[1] This article is provided as a bit of fun only, it is not intended as actual financial advice! Readers looking for investment advice should do their research and consult with licensed professionals.