Investment in Gold

Earlier Gold was considered as an essential commodity in Indian household but now it is a good investment option. If you compare returns then gold luster has blunted even the stock market yield. According to statistics, Gold has provided 50 percent more return as compare to Nifty and Sensex.

Example- If an investor has invested Rs 1, 00,000 in Gold then after a year he may have earned Rs 1, 50,000 whereas if investor has invested Rs 1, 00,000 in share market then he would have lost Rs 10,000 i.e. his returns would be Rs 90,000.

Today we are facing political turmoil in countries like India, America and Israel due to such political uncertainties investor wants to invest in gold and not in share market but when this turmoil will calm down then investors would again switch to share market but when these conditions will pacify is matter of time so due to these qualms gold has witnessed growth of Rs 1000 per day but you should never invest only by looking at statistics. From the very beginning gold is subject to volatility. So, if you want to invest in gold then invest at right price and when you earn profit from it then sell it. Otherwise also if   you want to invest in gold then make a proper plan. You can invest via gold SIP or mutual funds that invest in gold. For this scheme the tenure and purpose should be clear to you. The purpose can be marriage of your child and tenure should be as long as 20-25 years. So, if ever you invest Rs 1000-2000 then till time of your child marriage you will have enough returns.

This is not the end of story so don’t forget the old adage of investment” Don’t put all your eggs in one basket” so simply don’t invest all money in one avenue only. Bank FD or Post office savings are always a best and secure source of investment so invest some money in that too. Hence, if you diversify your portfolio then you can fetch higher and secured returns and moreover during exigencies withdrawing of money would be faster and easier. So, invest wisely and smartly and become a millionaire.

You can use this online calculator for calculating your financial goals.