Gold as an Investment in your portfolio

For any portfolio, asset allocation is very important. You need to have a diversified portfolio with investments in different assets like Bank Fixed deposit or Bank Recurring deposits/Govt secured bonds/ PPF/Insurance/ Mutual funds/Shares/Gold/Real estate . Gold has been one of the most favourite assets. Post the dot-com bubble crisis in 2001-2003 and global financial crisis 2007-2008, there has been global demand for gold. The global demand for gold has increased from 2008 until today. Of late, due to the pandemic, Central Banks around the world have brought gold. Hence the demand for the metal has gone up to a great extent. Gold has given quite a decent return when compared to the price in 2010 and today. In recent times, gold prices are experiencing correction due to: > Vaccine announcements for COVID19 from countries, primarily from Russia right now. This is upped risk sentiments and safe assets like gold are low on demand. > Expectation of a fiscal stimulus for the US economy and the associated selling of bonds by investors. Markets are moving very abruptly and market dynamics are also changing.

Therefore investment in gold is attractive from a long term perspective. You can invest in physical gold or in sovereign bonds. You can also look at gold exchange traded funds. If you want to know more about investments, contact me at venkat@prudentconnect.com

Market Updates

Good evening *Market Updates*;: Currently we have been seeing volatility in stock markets. There could be various reasons to this ie Global factors & Domestic factors. *Global factors*:: 👉👉US - China trade war getting not better. There could be shifting of global companies to other territories. It could be favourable for India in the very long run. The trade war + shifting of territories is resulting in a global slowdown. 👉👉European Zone with Germany in recession phase. 👉👉BREXIT issues + Recent attacks on Saudi oil . These factors tend to affect the financial markets. As regards domestic factors:: 👉👉Latest issue being the distrust development on NBFCs like IL& FS issue, Dewan Housing etc + Banks ie Yes Bank, PMC Bank, RBL & RBI laying stern action on some co-operative banks/pvt banks. Overall we could see volatility continuing in the stock markets.

IRCTC IPO

IRCTC IPO sees strong demand: Key things to know before you invest https://www.livemint.com/market/ipo/irctc-ipo-share-price-lot-size-retail-portion-allotment-listing-date-other-details-11569771438193.html

Market Updates

Market Updates::: Good Evening. There are lot of negative developments happening in Global Equity Markets. Most of the economy globally have been seeing *yield curve inversion*. This generally happens when bond yields fall down on account of falling interest rates. ++++ US- China trade war is another negative development +++ Germany which is the industrial town of Europe is witnessing recession +++ There is news that *Industrial Goods Production in China* has collapsed & this in turn affects the economy/ growth of a nation +++ Globally Companies are trimming their profits or has been seeing contraction in global profits +++ Oil prices soaring high on account of several reasons which is generally not good +++ BREXIT issue +++ Argentina Default -- debt & inflation issues +++ Downgrading Ford Credit Rating +++ Thomas Cook Bankruptcy In spite of all these negative developments, Risky Assets like stock markets have gone to all time high, global stocks have delivered more than 20% , commodities more than 15% etc. The basic reason is *there is liquidity coming into the markets*. Hence the global markets are moving in spite of the negative developments. In India on account of US -China Trade War, we have been seeing volatility in the markets.

Planning for Retirement and Planning at Retirement

Happy Navratri Festival

Restrictions On Banks

https://m.economictimes.com/wealth/save/what-happens-to-your-deposits-if-rbi-puts-pmc-bank-like-restrictions-on-your-bank/articleshow/71290092.cms