What Investment mistakes you made that you want others to avoid?


J!gn3$h

Active Member
Disciple
If yes, which form - physical or digital?
No doubt digital - If you've trading & demat a/c go for Gold ETF else Sovereign Gold Bond will be good option. About 10% allocation in Gold is ideal in overall portfolio as it acts as a hedge against bear phase.
 

booo

BA BA BA BABANANA
Veteran
No doubt digital - If you've trading & demat a/c go for Gold ETF else Sovereign Gold Bond will be good option. About 10% allocation in Gold is ideal in overall portfolio as it acts as a hedge against bear phase.
There was a good research post on wsb on how the jp morgan chase was manipulating silver etfs. i personally think gold and silver as a lump of rock and not an investment.
 

VivekSood

WFH FTW!
Staff member
What are your opinions about gold as investment? Is it still advisable to invest in gold (I have literally zero gold investment, other than the bare minimum that my wife uses)? If yes, which form - physical or digital?


Which one is that?
There was a good research post on wsb on how the jp morgan chase was manipulating silver etfs. i personally think gold and silver as a lump of rock and not an investment.
The only time I saw value in Gold was after covid chaos last year gold price went up and it was a good time to sell it. I won't buy it again ... Gold seems to get expensive when sensex goes down and it has overhyped emotional value to it.
 
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booo

BA BA BA BABANANA
Veteran
The only time I saw value in Gold was after covid chaos last year gold price went up and it was a good time to sell it. I won't buy it again ... Gold seems to get expensive when sensex goes down.
my mom had some 7tola on my name(as in booo’s gold) i forced her to sell it and gave it the money to my sister who bought some options and stocks.
 

rdst_1

Well-Known Member
Veteran
That is my opinion as well! :p
It's a long burn. Your question made me curious and hence I started calculating how much returns would our family gold has given us, if we were to sell it today and it came to around 14% if compounded quarterly over a 15 year period.
For the older gold we have (40 years), it came to 12.75% again if it was compounded quarterly.
 

VivekSood

WFH FTW!
Staff member
It's a long burn. Your question made me curious and hence I started calculating how much returns would our family gold has given us, if we were to sell it today and it came to around 14% if compounded quarterly over a 15 year period.
For the older gold we have (40 years), it came to 12.75% again if it was compounded quarterly.
Compare it to sensex 40 years ago.
 

kuduku

Well-Known Member
Veteran
Gold in India is not purely for investment only . It was supposedly to be the girl's financial security.
Cash or other things could be disposed off & all women are generally wary of parting with their gold so....
 

rdst_1

Well-Known Member
Veteran
Compare it to sensex 40 years ago.
Sensex didn't exist 40 years ago. Anyhow, this wasn't the point of my post. I was just trying to show the RoI of the said asset.
Also, you should realize that 40 years ago, Gold was a trusted source/instrument of investment and hence less volatile than stocks. In fact every time during volatility and uncertainty, gold prices rise as they did during the pandemic which shows it's importance as an asset among investors.
 

VivekSood

WFH FTW!
Staff member
Sensex didn't exist 40 years ago. Anyhow, this wasn't the point of my post. I was just trying to show the RoI of the said asset.
Also, you should realize that 40 years ago, Gold was a trusted source/instrument of investment and hence less volatile than stocks. In fact every time during volatility and uncertainty, gold prices rise as they did during the pandemic which shows it's importance as an asset among investors.
The Sensex made its debut on April 1, 1979 with a base value of 100. The BSE started publishing values of the Sensex in 1985, by when the gauge had crawled to the 400-mark. The only point I see to buy gold now is to keep it to sell it when shit goes south.
Gold in India is not purely for investment only . It was supposedly to be the girl's financial security.
Cash or other things could be disposed off & all women are generally wary of parting with their gold so....
Emotional attachment and they still hoard it .. which is fine. Women are guided by emotions.
 
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booo

BA BA BA BABANANA
Veteran
The only point I see to buy gold now is to keep it to sell it when shit goes south.
1617451523242.png
 

burntwingzZz

Well-Known Member
Adept
thats why our oldies keep gold or daughters are given gold ,so if something goes south gold will give you breather. Many of our oldies have seen many wars and many finance meltdowns they know their shit .and one thing to keep in mind there are very rare occasions that gold has depreciated.

 

VivekSood

WFH FTW!
Staff member
thats why our oldies keep gold or daughters are given gold ,so if something goes south gold will give you breather. Many of our oldies have seen many wars and many finance meltdowns they know their shit .and one thing to keep in mind there are very rare occasions that gold has depreciated.

On second thoughts I might buy some gold when it goes below 40k and sell it when sensex dips.
 

becool773

Active Member
Disciple
We don't have so what choices are we left with?
International Markets.
2. They are not putting any charges today on direct plans but who knows what rules change and one has to pay charges while redeeming them after few years and your hands would be tied then.
Can't one discard these apps then and use direct amc's website for redemption?
My biggest blunder was to stop SIPs of this awesome fund few years ago:


Now they won't allow more than Rs.2500 a month. This fund has no lumpsum option only SIP that too capped at 2500 INR max per PAN.
Axis bluechip used to be investor's darling and now this fund. I wonder which will be the next fund.

The only time I saw value in Gold was after covid chaos last year gold price went up and it was a good time to sell it. I won't buy it again ... Gold seems to get expensive when sensex goes down and it has overhyped emotional value to it.
If one is maxing out 80c with ppf, then is that elss fund recommended? Not as a 80c instrument, but as a wealth builder.
Anyone investing in International stocks using vested?
 
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VivekSood

WFH FTW!
Staff member
International Markets.
There are probably too many fee/taxes involved.
Axis bluechip used to be investor's darling and now this fund. I wonder which will be the next fund.
This fund is still going good.
If one is maxing out 80c with ppf, then is that elss fund recommended? Not as a 80c instrument, but as a wealth builder.
Yes. Stop PPF only PF + this fund.
Anyone investing in International stocks using vested?
Try this one:


1617622402644.png
 

becool773

Active Member
Disciple
There are probably too many fee/taxes involved.

This fund is still going good.

Yes. Stop PPF only PF + this fund.

Try this one:


View attachment 103356
There are probably too many fee/taxes involved.
Try this one:

Yes taxation is complicated but they allow fractional holding of shares. You can buy shares of Alphabet by investing Rs. 1000 also. In the long term won't the returns offset the taxes/fees? One can probably bet on FAANG to be there in the next 20 years. The same is hard to say even about the Nifty 50. That flexicap fund is good but I am talking about direct foreign investment. Also iirc that fund has like 65% holdings in Indian market. If one is looking for pure foreign investment the S&P and NASDAQ index funds seem to be a better choice.

This fund is still going good.
It used to perform like the current Mirae Bluechip but it has lost it's charm.

Yes. Stop PPF only PF + this fund.

What is there in place of PF for self employed? A question say one is investing via sip in an elss fund. Now say one is investing 10k each month. So, 80c limit exhausted at the end of the year Rs. 120000 lac and lock in period eg. of units bought in April'21 will be in April'24 and May'21 in May'24 and so on, right?
 

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