7 Rules for Small investment in Daily life
February 13, 2024
7 Rules for Small investment in Daily life
- Silver Coins are ideal for Small Investments – Even if you have small amount like 1000rs in your pocket you may start with a 10gm silver coin .Imagine this investment in long run , say for 5 years and you will understand how much money you had saved.
- Silver Bars are good for huge Investments – Silver Kg-Bars are good for big investment. If you are thinking for investing good amount (Minimum 50k ) onwards then Silver Bars are good investment.
- Learn commodity market if you want to gain short term gains by online trading – People who do not buy coins or Bars and are totally trading online must learn about it before investing. Purchase timing is very important in it.
- Reputed brands are good for new investors – If you are buying silver coins ,always prefer good brands .Their purity is assured and reselling on higher price is easy. Few good brand name for silver coins are MMTC , KUNDAN & BANGALORE REFINERY.
- Don’t invest all of your savings in one go – we all invest to make money/ good returns but no one in this world is sure about commodity pricing , so do not invest all your money in one day in one go.
- Try silver jewellery for everyday use – Buying silver jewellery for daily wear , gifts and trendy designs is good idea.It will give you look and feel of real jewellery as well as it is cost saving. Best thing is you get buy back and price appreciation if silver rates increases.
- Evaluate your ROI on Jewellery purchase – Understand about one biggest misconception that Jewellery is an investment ??? No Never ,jewellery is not an investment , it does not give you return as you expect. Usually if you return a jewellery to your jewellers ( You name it to any jeweller , including the jewellers who give TV ads about them ) they will cut/reduce about 25% money in overall you had paid to them ! In Gold or Silver Bars they deduct about 3 percent only , so consider jewellery as your fancy designer dress or iphone and donot consider it as an investment.
