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
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Gold will never fall, so go for it.
@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.
May be split into 3 avenues small Finance Bank FDs insured by RBI upto 5 lakhs , equity and SGB
This is some extras I have, have invested through parents in senior citizens FDs
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.
avg gold return per annum ~ 8-9 %
Uhh don't invest all in sgb . Break it down then invest .