Investing gold is good option for middle class family

Which is best investment for middle class people

S. No	Content
1	What is investment
2	Major issue for investment?
3	Why we need to invest
4	Why middle-class people not investing
5	How to overcome issues?
6	Where to invest?
7	Gold Investment
7.a	Gold Ornament
7.b	Gold Bars
7.c	Gold Coins
7.d	Gold papers

 

 

What is investment

Investment in simple term to understand everyone is “Allocate our money to something and to expect to accumulate over the period of time.

Major issue for investment?

Most of them keep some portion of amount after complete their needs every day or every month but they didn’t know how to make accumulation or money appreciation.

Here my personal guidance going to be helpful for save your money with automatic appreciation.

Why we need to invest

Money is important our life. Whatever we do, Initial stage we require money. If we have money, our mind gets pleasure and we will be happy forever.

Following reason, we need to invest one portion of our money to different investment avenues

1.       Any uncertain situation arises we will take

2.       To achieve our dreams

3.       To get education in reputed institution

4.       To eat whatever, we like

5.       To build dream home

6.       To construct own business based on our expectation

7.       To give job opportunity to others

8.       To help poor children

9.       To give idea to other people to increase money

10.   To meet emergency, need of our family

11.   To build happy and wealth family in future

12.   To get recognition from the society etc……

Why middle-class people not investing?

Their earning is less, in that if they think to invest, they need to get regular return on daily or monthly basis. Suppose if they ready to invest long time they have lot of question arises before invest but they didn’t get proper solution. Due to below reasons

1.       Due to fear to get loss on investment

2.       No knowledge about investment

3.       Responsibilities are higher in family

4.       No family supports

5.       No permanent job

6.       Children’s spending is high

7.       Living in rental house etc…….

How to overcome issues?

Do the below then you also can invest and grow in your life soon……….. As this my personal advice from my experience. Your success you can get it sure.

Ø  One simple answer reduces the needs and start to save little day by day. One day it will be a big investment.

Ø  Always think positive

Ø  Mindset very important to accept all situation

Ø  Take risk in life otherwise we can’t achieve anything

Ø  Accept hurdles now then change those steps to success stories

Ø  Don’t think what others will say, do what you like

Where to invest?

Many avenues will be there but here I will suggest very few with small risk and reasonable returns

1.       Gold

2.       Mutual Fund

3.       Real Estate (Buying land or home)

Gold Investment:

Different type of gold investment available in the world. As this money appreciate over the period of time with long run. Let’s see their types and what benefit will get on this in detail. These all variety of gold investment, individual can do it without help of others.

1.       Gold ornaments

2.       Gold bars

3.       Gold coins

4.       Gold Papers

GOLD ORNAMENTS

Buy gold ornaments and keep it when ever money requirement arises you can sale or pledge and get immediate liquidity. If you keep same currency with you then future value of currency will decrease. This is the mistake majority of middle-class people will do. Rather, if you invest that money into gold ornaments then it will be increasing the value of money.

Gold ornaments based on purity of gold. Purity of gold we called as karat. Let’s see the types of gold and purity level too.

In India state to state gold prices are differ but people not check this, rather buy from their state itself. When ever buy gold near by state you can compare the price then get advantage in that. Did you notice this?????

 

 

 

Types of Major Gold Karats

Benefit:

·         Use festivals and it makes more pretty for women and men

·         When ever required based on needs change to easy liquidity

·         We can pledge and get money soon

·         Immediate liquidity while compare with other assets

·         We can sell current market price of the gold at any time

Drawback:

·         While compare with actual god price it will be higher because it includes making charge plus wastage amount plus vat for respective country

·         We need to safeguard from robbers

·         Specific locker required for this

GOLD BARS

It’s called gold bullion. Normally middle-class people not buy gold bar because that advantage they didn’t know much and it’s will not get less weight that’s the reason they didn’t buy this. Rich people and jewellery shop owners and smugglers are using this type of gold forms mostly but here I am suggesting to buy bar who ever looking only investment not for other wearing purpose.

Standardized bar weight available in the market:

From 1 gram onwards gold bars available in the market so small saver also buy gold bars from the market . As this maintain minimum purity is 99.5% and maximum 100%

1 Tonne = 1000 KG

1 KG = 1000 Grams

1 Tola = 11.63 Grams

1 Tael = 117 Grams

Benefit:

1.       Tax rate is very less

2.       No making charge

3.       No wastage charges

4.       1 Gram onwards available from the market

5.       Purity mentioned on the bar

6.       Best option for investors

7.       Buy low price in Dubai and Sell high in your destination if it’s high price while compare to here

Drawbacks:

1.       If buy gold from Dubai and store from your other county you have to pay duty free for this gold bar

GOLD COINS

Majority of men’s not like gold ornaments most of them not wear gold ornaments daily life those men’s buy gold coins for their saving.

As you are that kind of person don’t buy gold coins instead buy gold bars that will be more profitable than coins. Let’s see how based on below benefit and drawbacks

Benefit:

1.       Tax is less than jewellery

2.        When ever required to change coin to ornaments we can change current market price and need to give extra making charges of ornament

3.       Easy liquidity

Drawback:

1.       Loan not gets from nationalized bank as of now but in future might be change based on guideline of governed body

2.       If we sell in the market and encash full current market price not get. Trader will reduce 5 to 10% of gold price.

 

GOLD PAPERS

Instead of buying physical gold nowadays most of them ready to invest in E- gold by way of gold bond, gold certificates etc.

Many banks and post offices having this type of gold papers. We can make liquidity at any time and get sell on current market price. Minimum E-Gold investing:

As you are a Indian check detail here : Gold bond

As you are a Emirati check detail here : Gold bond

Benefits:

1.       Tax free

2.       Safety not required

3.       No loss of investment

4.       Easily purchase

5.       Best investment for modern world

6.       More benefit for long term

7.       Minimum interest rate of return will get yearly based

Drawbacks:

1.       Liquidity based on maturity period over

2.       Based on our needs can’t to get money

3.       Minimum maturity period 3 years based on scheme

 

Based on above detail choose which gold will you invest and accumulate your saving while you sleep.

 

Keeping money in saving account or fixed deposit not get capital appreciation so think now and start invest and make money and live happy………………