What you need to know:
– Gold prices are on the rise in 2024, driven by factors like inflation, global uncertainties, and weakening US dollar.
– Gold is a traditional hedge against inflation and a safe investment option during uncertain times.
– There are several ways to invest in gold, including physical gold, Sovereign Gold Bonds (SGBs), Gold ETFs, and gold loans.
What does it mean for you?
– Gold can be a good addition to your investment portfolio, especially if you’re looking for a safe and stable option. It can help protect your wealth from inflation and market volatility.
Recommended action:
– Consider allocating a small portion (5-10%) of your portfolio to gold. You can invest in physical gold, SGBs, ETFs, or gold loans, depending on your preference and investment goals.
Here’s a quick breakdown of the different ways to invest in gold:
– Physical Gold: This is the traditional way of buying gold. However, it comes with drawbacks like storage risks, purity concerns, and GST on purchase.
– Sovereign Gold Bonds (SGBs): These are government-backed bonds that offer guaranteed interest income and tax benefits. They are a safe and convenient way to invest in gold.
– Gold ETFs (Exchange Traded Funds): These are similar to mutual funds, but they invest in physical gold. They offer ease of purchase and lower costs compared to physical gold.
– Gold Loans: You can take a loan from a bank or NBFC (non-banking finance company) using your gold ornaments as collateral. This can be a good way to access quick cash.
*source: https://lnkd.in/gfNSbKJF
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#FF11 Big News for Brokers: SEBI Considers Allowing Investments in Non-Securities Businesses hashtag
SEBI is exploring ways for stockbrokers to invest their surplus funds in businesses beyond securities and commodities. This could be a game-changer for the broking industry, opening doors to exciting new ventures in fintech, technology, and even real estate. Here’s the lowdown:— Current regulations: Existing rules prohibit brokers from engaging in non-core businesses.— SEBI’s proposal: Two options are being considered:— Investing through a separate holding company: This would create a clear separation between broking activities and other investments.— Paying dividends and using the proceeds: This approach would be simpler but