Hi Shreekanth,
I'm a frequent visitor to your blog and really appreciate your noble service to society.
I'm 45 and I've been investing in Gold ETF (now reliance ETF) for the past 3-4 years and accumulated almost 200 units for my daughter's marriage.
I stopped investing since 2016. I don't see any trend neither positive or negative for the past 6-8 months.
I'm thinking of selling it off and invest in my existing MF portfolio to make my investing working than sitting idle.
MF Portfolio: HDFC & ICICI Balanced Fund, ICICI Pru discovery, ICIC Equity opportunity & Mirae Emerging Bluechip.
Pl let me know your advice to sell ETF & invest in MF. Thank you in advance.
Regards
Mukesh
5 Answers
Dear Mukesh,
Your MF portfolio looks fine.
May I know the goal target year? (for daughter's marriage).
Suggested readings :
https://www.relakhs.com/gold-is-it-still-the-safest-and-risk-free-investment/
https://www.relakhs.com/calculate-kids-education-goal-amount/
Hi,
May I know your daughter's age?
Gold Prices have become more volatile than equity oriented securities.
Considering your profile, may be it is wise to consider Equity mutual funds itself.
Another 7-8 years for marriage.
Should I sell the Gold ETF & allocate into existing portfolio?
Thank you
Hi,
Yes, you may move the proceeds to balanced fund and may remain in Equity funds till you have say 2 to 3 years time to reach the goal year..
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Dear Shreekanth,
Thank you for the very prompt reply.
I started the Gold ETF in 2012 as part of my daughter’s marriage investment.
Also to keep some gold investment 10-15% of overall investment.
But it almost flat for almost a year. I feel that it is like just holding cash in a locker.
That’s the reason, I’m thinking of selling Gold ETF and distribute among existing MF portfolio.
Pl let me know your advice about my plan.
PS: I do have some assets for my daughter’s education & marriage.
Now MF Portfolio is for my retirement corpus.
Thank you & Best Regards
Mukesh