This #AkshayTritiya buy gold smartly in this 3 ways 💛

• Gold Exchange Traded Fund (Gold ETF)
• Gold Savings Fund
• Sovereign Gold Bonds

Let’s dig deep ⤵️

#gold
▣ Gold ETF 💰

Representing physical gold in dematerialised form. 1 Gold ETF unit is equal to 1 gram of gold.

All you need is a demat & trading account, and you could purchase it just like shares. Units will be backed by 0.995 finesse of physical gold by the fund house.
▣ Gold Savings Fund 💵

It’s an open-ended Fund of Funds scheme that invests its corpus into an underlying Gold ETF, which, in turn, invests in physical gold & you don’t require a Demat A/c & Trading A/c to buy units.

You may even start SIP of as little as Rs 500 per month.
▣ SGB 💴

Sovereign Gold Bonds are issued by the Reserve Bank of India (RBI). The tenure of the bond is 8 years (with a 5-year lock-in period) & SGBs earn you interest at 2.5% p.a. The minimum investment is 1 gram of gold, while the maximum is 4 kgs per fiscal year.
If you want to know more in detail about Gold investment and other Asset classes. Visit our fun video course on Personal Finance Planning.

Link: quest.finology.in/courses/person…

And if you like the tweet hit the Retweet button 🔄 and make you people aware.

#StockMarket #finance

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More from @Finology_Quest

May 5
The RBI has hiked the repo rate by 40 bps up to 4.40% from 4% earlier! 🤯

But 1st let’s understand what Repo rate is? And what does it mean for investors, borrowers & customers?

-- A Thread 🧵--

Do ‘Re-tweet’ & help us educate more investors 😃

#RepoRate #RBIRateHike
Repo rate is a type of interest rate! 🏦💵

It is the rate at which the central bank of a country (Reserve Bank of India) lends money to commercial banks in the event of any shortfall of funds.

Repo rate is used by monetary authorities to control inflation.
What interest rates mean to different stakeholders :

• Borrower: It the price he pays for the use of money
(loan)

• Lender like banks: The "fee" earned for taking the
risk to extend loan

• Saver & investor: The return on investment from
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Apr 23
9 Important Things about Sukanya Samriddhi Yojana 👧

• Min Max Deposit
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Let's find out ⤵️

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▣ SSY was created to provide girl child 👨‍👩‍👧‍👧 with a
sound financial future. It’s a part of "Beti Bachao,
Beti Padhao Yojana". It comes with an interest rate
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Act, 1961.

#stocks #StockMarket
▣ The account can be opened by the parent or legal guardian in the name of a girl child from the birth till she is 10 and max 2 accounts can be opened.

❌If more than two daughters the 3rd account can not be opened.
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Top 5 Causes of Debt Trap. 🔴💸

• EMI > 50%
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Let's find out. ⤵
1️⃣Acceptance

The very first thing to do is accept that you have gotten yourself in a mess because honestly, nothing good ever came out of denial.
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Analysing your sources of income and expenses would never go out of fashion.
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WHATTT!!! Health insurance premiums are likely to go up? 🤯

Yup! Because of higher claims due to COVID-19 resulting in rising healthcare inflation.

But here are some hacks to reduce your premiums ⤵️

#investing #StockMarket
How could you reduce premiums on your health insurance:

• Get treatment in Network Hospitals

• Opt for voluntary deductible

• Pay 2-3 years’ premium to earn 7.5% discount

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▣ Get treatment in Network Hospitals 🏥

A hospital that has an agreement with an insurance company for providing cashless treatment is referred to as a Network Hospital.
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Apr 21
Coffee Can Investing 🥫☕️

Here’s a lazy way to become a billionaire 🤑

Let’s know how? ⤵️

-- A Thread 🧵 --

#invest #StockMarketindia
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The rationale behind this methodology is to invest for a long run (10 years or more) in a sound business.
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Biggest Stock Market Myths! 🤯

⚠️ It’s Gambling
⚠️ Require Strong Knowledge
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⚠️ All stocks eventually fall in value
⚠️ High risks = high profits
⚠️ Experts/Advisory Required

#invest #stocks
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▣ Require Strong Knowledge 👨‍🎓

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Share market favors preparation & is, therefore, open to anyone with a keen interest in the market
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