Starting a new way to communicate from this Diwali. Will write a weekly thread on my or my team's @flowrichfin interaction with clients or prospects.
So lets start with the first and the latest one which is also very much interesting too!
A thread 🧵
So lets start with the first and the latest one which is also very much interesting too!
A thread 🧵
Date: 11/10/25 Saturday, Time around 10 am
Call received from my cousin asking to invest Rs 1 Lakh lumpsum in silver ETF FoF (Silver rate was >Rs 1.8 L/kg. At this rate it already gave >65% returns YoY.
Call received from my cousin asking to invest Rs 1 Lakh lumpsum in silver ETF FoF (Silver rate was >Rs 1.8 L/kg. At this rate it already gave >65% returns YoY.
Apart from this, Silver ETFs were trading at avg 10% premium then their iNAV. Due to this few of sensible AMCs suspended fresh subscriptions in their Silver ETF FoFs.
I shared him this exact communication from AMC. Tried convincing him that this is not a right time to do this.
I shared him this exact communication from AMC. Tried convincing him that this is not a right time to do this.
But all in vein.
I knew he is into MCX trading and all. But he do investing with me for long term investments only hence i was worried. His reply: "Rates will go up Nikunj bhai, you just send the (transaction) link!"
I knew he is into MCX trading and all. But he do investing with me for long term investments only hence i was worried. His reply: "Rates will go up Nikunj bhai, you just send the (transaction) link!"
I also gave him an option to invest in Gold + Silver FoF not in only Silver ETF FoF (as I was worried due to ETF trading at premium).
He replied ONLY SILVER ETF!
Finally, I sent him a message stating we are only executing your order and don't recommend at this juncture!!
He replied ONLY SILVER ETF!
Finally, I sent him a message stating we are only executing your order and don't recommend at this juncture!!
I tried hard to scare him using words SEBI, compliance etc but he was just not listening me!
FAST FORWARD TO 17/10/25 around 8pm: He called my team to withdraw the amount immediately! We checked the value which was >5% down than his purchase!
FAST FORWARD TO 17/10/25 around 8pm: He called my team to withdraw the amount immediately! We checked the value which was >5% down than his purchase!
Yes he avoided me & directly called my team!
Again my team informed him that there will be exit load you have to pay if withdraw before 7 days. Now he said lets wait for now!
Again my team informed him that there will be exit load you have to pay if withdraw before 7 days. Now he said lets wait for now!
Lesson: 1) The price volatility of Silver is very high as compared to Gold
2) Do not mix your Trading mindset with long term investment portfolio
3) Do not make your decisions based on finfluencers!
4) LISTEN TO YOUR MF DISTRIBUTOR AND TRY TO UNDERSTAND WHAT HE IS SAYING!
2) Do not mix your Trading mindset with long term investment portfolio
3) Do not make your decisions based on finfluencers!
4) LISTEN TO YOUR MF DISTRIBUTOR AND TRY TO UNDERSTAND WHAT HE IS SAYING!
@UnrollHelper
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