What's your say? 10% of portfolio is fine through sgb way??
Like 1 lac for 10 lac portfolio
I see SGB as a substitute of gold for children's marriage needs in a very long term future. We will renew the SGBs as they mature. Me and wife have accumulated around 200gm of gold. Target is around 1kg in next 2-3 years.
Overall it is a bit less than 10% of total portfolio.
U r principal engineer at which firm and ur domain? Btw good going, 1kg will be good enough for future
Interra systems. Its a small company in media domain. My profile is front end/ full stack. Yeah it will be enough. Its just a safer mode of investment for wealth accumulation.
Additionally i prefer buying actual gold coins than paper gold.
Astrological reasons aside, if the idea is gold will still be able to buy the same good and service in case of the worst case scenario (like war, govt fail etc.) that piece of paper may be worth nothing as everything has failed.
I know this is a bit out there opinion but this helps me sleeps better.
Ok
I hope you understand that SGB are not backed by physical gold, they are just guaranteed by GoI. There are severe liquidity concerns as well.
Better to find a trusted jeweller and buy bullion from them. No making charges, closest to market rate and very high liquidity. Plus you can use it as a collateral in the future. Worth giving up the extra 1.75% post tax.
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
I am a 23 grad who has managed to save close to 7 L all cash till now. Plan was to enjoy the first 6 months of job and then start with the financial hustle. Seems, I am ready. Need suggestions to allocate ~5L across equity, gold, FDs and...
Has anyone invested in SGB's or is it worth investing? If yes, how to invest and how much amount are you investing.
