PAYTM DIGITAL GOLD LOCKER - INVESTMENT PLAN

#21
Gold is worst form of investment. However it feels good to hold in hand :)

The returns are just 1-2% and hardly beats inflation. So if you are thinking, it will grow in investment forget it. Better Invest in Mutual Fund for longer period.
MF i do but i do short term investment in MF for 1year 1month max and only on sector wise , below i share my investment in Jan 2019 till now, only SBI MF in my portfolio i will withdraw in 6month rest two continue.
 

Attachments

#22
MF i do but i do short term investment in MF for 1year 1month max and only on sector wise , below i share my investment in Jan 2019 till now, only SBI MF in my portfolio i will withdraw in 6month rest two continue.
1) What is the cost of trade ?
2) Did you buy/sell them directly from their website or through Kite ?
3) Is the minimum amount Rs. 1 lakh or is that your investment amount ?
 
#23
1) What is the cost of trade ?
2) Did you buy/sell them directly from their website or through Kite ?
3) Is the minimum amount Rs. 1 lakh or is that your investment amount ?
i buy/ sell direct from official website, no kite use, this is my portfolio track record i am tracking every 10-15 days, it will grow or anything wrong will happen. my investment amount 3 Lakh ( 1lakh each ) , where 2 Lakh for 1 year n 1 month and 1Lakh in SBI MF for 6month only. currently SBI giving less profit compare too what i thought 40-50% still hope till JUNE end i get my tgt.
 
Last edited:

pannet1

Well-Known Member
#24
true same problem i cant understand, selling price is 100rs less than buying price which means if i stay long may be it will grow
think it like diversifying your portfolio.

if you have paper gold, you could sell anytime. this is a big disadvantage for a person like you, who has the tendency to spend when you money in your purse.

automate your savings, so as soon as you get salary, it is autodebited to your savings.

think this like a SIP. you buy gold the price falls drastically, then give yourself a party. now buy another piece of gold. so gradually you average it down.

if you are going to trade gold for every minor fluctuation, then you could trade, anything. why gold. paper is not going to shine on your neck anyway. instead you could buy a piece of gold jewellery and hang it around your beloved's neck.
 
#25
think it like diversifying your portfolio.

if you have paper gold, you could sell anytime. this is a big disadvantage for a person like you, who has the tendency to spend when you money in your purse.

automate your savings, so as soon as you get salary, it is autodebited to your savings.

think this like a SIP. you buy gold the price falls drastically, then give yourself a party. now buy another piece of gold. so gradually you average it down.

if you are going to trade gold for every minor fluctuation, then you could trade, anything. why gold. paper is not going to shine on your neck anyway. instead you could buy a piece of gold jewellery and hang it around your beloved's neck.
i agree diversifying portfolio, when i invest in MF i try to diversifying it always, but i put amount at once "burden khatam hua" like this, SIP is good but i thought my mind free otherwise every month keep on remembering my SIP going so adjust with this much amount, so i did put money at once at starting in MF then sit 1year whatever happen.

thanks for SIP advice i will remember it.

i wish i trade, then i will not invest in gold here but because of job not possible very tight schedule, so just try this way, let c how far it will go because i have no idea in this.
 
#26
Few more point clear in this PAYTM GOLD LOCKER, after few more search, in the end when you sell gold that matter.

Here in Gold two values:

1) Gold at your buying rate = suppose 3250

2) Gold at your selling rate = suppose 3150

Condition - 1

Here difference is 100rs maintain, which means suppose you buy gold now and sell now you in loss. But as time passes both are moving up. Last 2 days I show both are moving up, buying rate from 3250 to 3280 and selling rate 3150 to 3180. Which means holding it little longer maybe positive.

Condition -2

Suppose gold fall, then both value fall too, that's why keep this also in mind.

Now onward I try to note daily at 12PM (night) gold selling price, and keep this on tracking let see what happen. Gold move 24hr but i note only 12PM(night) selling price value, so it will easy for me to track price. Few people in quora I read they say after 60-80 days you start seeing some profit start, lets hope they are right, but they invest at once at starting then only wait, and in my way daily invest 100rs which will average my profit and buying price too.

I think do this, whatever happen this time happen. :)
 
#27
I will invest only from Monday to Friday (5 days in a week) ,
roughly means 20 trading days X 100rs =2000rs/month

what does this graph show?
in this graph try to show, if today i sell gold then i got 188.87rs only in investment of 200rs. ( which is loss)

Daily Selling Price in Graph,
 

Attachments

Last edited:

siddhant4u

Well-Unknown Member
#29
I will invest only from Monday to Friday (5 days in a week) ,
roughly means 20 trading days X 100rs =2000rs/month

what does this graph show?
in this graph try to show, if today i sell gold then i got 188.87rs only in investment of 200rs. ( which is loss)

Daily Selling Price in Graph,
you should add 3% GST as purchase cost.
 
#30
you should add 3% GST as purchase cost.
bhai, i add everything don't worry, what i saw in mobile daily selling price just update it here, let it be continue everything clear after some more time, have patience, because no one did this before, and i also don't know what happen, everybody telling there own experience which is right i agree, but i'm thinking if everybody stand in the end in loss then why Indian govt approve this way same system in US or other countries follow. Maybe after some more time passes thinking more clear, because it totally investment not like trade buy at low and sell at high.

when i invest in MF in sector-wise, 3 year back 1st time few of my friends also say this will not work, last 3 year earning like that invest in sector-wise, maybe this time i am wrong, because i new and in searching internet nothing much useful get. i try to take small chance.
 
Last edited:

Similar threads