This person sold land to buy Koi fish. (RM300,000 land…)
How much would you pay for one koi fish? Would you sell your land and then use the money to buy ONE koi? Specifically, a RM300,000 koi fish? No, this has nothing to do with scams. Koi fish are indeed considered something worth investing in as far as koi enthusiasts are concerned. In fact, an excellent koi fish breed can really be worth more than a luxury property! Not for me huh. Now let’s read the news first.
Article in nst.com.my Mohd Zulkifli Husin spent all the money he earned on the sale of land to buy a koi fish worth 300,000 RM each. The breed he bought is the Sakai Kohaku breed which is often the winner in international competitions. Zulkifli is a hardcore koi fan and has been breeding koi since 2015.
About the koi fish he bought, he said: “The fish is still on a koi farm in Japan and I have received offers from koi enthusiasts to buy it with the latest offer for RM450,000. I am not ready to sell it because the market price for this koi breed can reach 600,000 RM each.”
Zulkifli shared that he currently has about 40 koi fish of various breeds in his home pond, including Omosako Shiro Utsuri, Doitsu Showa, Benikiko, Sanke Sakai, Dainichi Showa and Momotaro Kohaku, all valued at over RM500,000. Read the full article here: Article in nst.com.my
Now let’s know about koi fish
Here are the top 10 most expensive koi species in the world. While the 10th to 2nd most expensive koi seems ‘affordable’, the top one above everyone’s expectation is yes. It is ONLY US$1.8 million (RM7.56 million). The type is Kohaku. This is the same type that the buyer Mohn Zulkifli Husin bought when he sold his land. No.6 Doitsu is now a breed from Germany. Doitsu is a word derived from Deutsche. See below. Koitsu is a shellless koi fish breed.
Not all koi fish come from Japan
Now we also know that koi fish do not necessarily all come from Japan! Koi also means carp. Yes, koi is an expensive carp, but there are much cheaper carp fish. We also eat carp fish! Just not koi lah. Now that we know more about koi, the next time we see koi fish in a pond, try to identify the type and maybe guess the price of the breed, yes.
Investment does not have to be property yes
I love real estate and I will of course continue to prioritize real estate over koi fish. However, Koi fish also have their own followers. What I’m saying is that if there’s demand and we understand enough, that can also be an investment. Another friend does a really good job with antiques, including Nyonya items and even old notes that I know very little about.
Many friends who are well versed in the stock market keep telling me that the stock market gives higher returns. I believe them, especially those who have done well with their investments. We just need to stay focused on what we know best and keep doing it. Keep speculation at bay, because then we don’t know enough. Now, that’s dangerous. Have fun investing.
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