SGB Tranche 3 @6199/gm ~2.5x tax-free return in last 8y
- Hedge investment portfolio during downside
- Taxfree after maturity
- Interest of 2.5%
- Diversification of portfolio
- Gold is heaven when inflation is high and macro is down due to its IMF reserve and Money printing capabilities.
- Can buy sell if bought through digital apps like grow or Paytm
What's your say? 10% of portfolio is fine through sgb way??
Like 1 lac for 10 lac portfolio
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I believe in yolo
Yolo can be done ✅ with 50% of salary
My salary is 🥜 So I bet big or nothing.
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.
Where do you recommend buying these from?
I have a inside contact with a famed jeweller (listed) who helps provide me bullion. I would not recommend doing this without a trusted source.