As kids, we’ve all probably accompanied our grandmothers and mothers to shop for gold, usually just before a big occasion like a wedding or a birth. In Indian households, gold has traditionally been handed down to the next generation like a legacy. Occasionally, it serves as the last resort in times of acute financial crises.
As adults, though, it is unlikely this generation shares the same enthusiasm as their grandparents or their parents to own and hold gold. Unlike physical gold, where there is the constant worry of whether it is safe from petty theft, more sophisticated means of investment are accessible and easily tracked online today. More importantly, we don’t need to put down a large wad of cash to own these but can instead build well-diversified portfolios steadily over the years.
Investing in gold does have various advantages. Typically, gold does better than other financial markets in times of global crises such as an ongoing war, etc. Gold also steadily increases in value over the years, making it an excellent investment that beats inflation.
Thankfully, investing in gold does not only mean taking physical possession anymore. As a beginner, one can purchase gold ETFs (exchange-traded funds), which trade on the market just like company stocks. Gold prices determine the pricing of these instruments. Also, the ETF holds gold bullion so that investors can buy into the fund rather than physically own gold.
One can also consider gold certificates issued by companies trading in gold. The certificate receives its value from underlying gold assets.
However, it is important to understand that gold should only be a small part of one’s investment portfolio. Diversification is essential to a sound, balanced investment portfolio.
Now that India is a powerful and growing economy, it was time for investors to get some help.
FlipItMoney was founded with the big goal of bringing more access to the people of India, in order to allow them to invest in stocks without all the regular risks. Now they can use this app which will educate them on the basics of investing and help take away some uncertainty. With FlipItMoney, a Gurugram-based business, India will be offered contextual knowledge and access to skilled investors as an alternative to traditional means of financial education. This platform will encourage Indian participation in financial markets.
Circle, a new network of experienced investors, just made it easier for fintech firms to grow their network. It allows you to learn from market experts, fintech businesses, wealth advisors and other users involved in the investment space and interact with them through group discussions, polls, and quizzes. Every time you complete an activity, you’ll earn FlipItCoins. These digital cash points can be used when shopping on our site. A recent update means that we now offer Hindi language support as well.
It has never been easier to get the latest news in Hindi, with access to the world’s largest global investing network. Download the app today!
