Investing in SGB
I have a saved up 10L and planning to invest in SGB in the upcoming window, will this be a good idea to put all the money in one shot in SGB
Putting all eggs in a single basket is never a good deal. Especially when gold is ATH.
RealOldmonk
Stealth
5 months ago
But they are always ATH all the time whenever I check, while getting married 10gms were between 10-20K(difficult to guess when I got married). Now its 7K i think
Just google gold price chart for last 10 yrs, maybe you’ll learn something new
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May be split into 3 avenues small Finance Bank FDs insured by RBI upto 5 lakhs , equity and SGB
RealOldmonk
Stealth
5 months ago
This is some extras I have, have invested through parents in senior citizens FDs
RealOldmonk
Stealth
5 months ago
@KarmaPolice All one shot fire and forget? But it will be locked for 8 years
If you can foresee any future commitments in next 2 years then save for it and invest, if you really believe that you can’t gauge your commitments then its not for you.
Frostygig5
Stealth
5 months ago
Uhh don't invest all in sgb . Break it down then invest .
moyemoye
Stealth
5 months ago
It would have been better if you invested in last or last to last SGB. Currently Gold is peaking so don’t go all in, specially when Gold nears 80K INR. If you want to be Gold heavy, go split with Gold 30-35 percent, Debt, Contra or Flexi MF 10-15 % percent, Equity 40 percent and yes good old FD 10 percent. Some banks offering close to 9 percent rates now.
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