Goldbees : Started to accumulate
Updated
Added Goldbees for about 5% of the total capital. There is a potential for about 9% move from the current levels to the all time highs. But during the same time the price of Gold will be moving up by around 14%.
The Gold ETFs listed in Indian market are trading at a premium valuation, unlike the ones in US market. If I had bought GLD ( SPDR Gold Shares ) in US market, then I would have made 14% itself, for the same move of Gold.
I'm well aware of this valuation difference, but since I'm fully invested in US market as of now, I don't wish to add more capital in there right now. So I choose Goldbees over GLD, athough GLD would be the better option.
Will be adding on to the position if price comes to the next buying levels which is mentioned in the post attached underneath. Do check those out too.
The Gold ETFs listed in Indian market are trading at a premium valuation, unlike the ones in US market. If I had bought GLD ( SPDR Gold Shares ) in US market, then I would have made 14% itself, for the same move of Gold.
I'm well aware of this valuation difference, but since I'm fully invested in US market as of now, I don't wish to add more capital in there right now. So I choose Goldbees over GLD, athough GLD would be the better option.
Will be adding on to the position if price comes to the next buying levels which is mentioned in the post attached underneath. Do check those out too.
Trade closed manually
Closed at 50.25 for a profit of about 4.15% of the invested capital.Held the position for just 2 weeks. So this is a good enough return for such a short span of time. The capital allocated was also about 5%, which is double the amount I usually invest in a stock.
Will move the fund around for better opportunities.
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