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Opportunities and Risks in the Year Of The Metal Rat

Tuesday, January 21, 2020
The Edge Markets

People are worried about whether we are going into a recession this year. Metal [related to gold] is the second dominant element, so the explosion will not occur in 2020. If the recession does happen, it will probably be at the end of the year. - Yap

The strongest element in 2020 — the Year of the Metal Rat — is earth, said Datuk Joey Yap, chief consultant of Joey Yap Consulting Group, at The Edge-RHB Premier Investment Insights Dinner. The presence of this non-moving and safe element means this will be a sluggish year.

“People are worried about whether we are going into a recession [this year]. Metal [related to gold] is the second dominant element, so the explosion will not occur in 2020. If [the recession] does happen, it will probably be at the end of the year. If you look at it conservatively, I think growth will be sluggish, but it will still be there,” Yap said in his presentation, “Feng Shui & Investment Outlook”.

However, change will start to occur towards the end of the year. So, Yap suggested that those who are keen on making money should get going right away at the start of this year. “Be careful of 2021 because I think that year will be a bit messy,” he said.

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