Hi All,
I'm an technical trader and has been actively involved from last 5 yrs in equity and derivatives. What I need to understand is something related to bullion.
The scenario is I have got a windfall cash of 18 lacs and thought of going for gold for my children, now it struck me that I can buy GoldM futures 5 lot and just keep them rolling near expiry since I'm at terminal many times a day and track market. And the rest of the money i.e 15 lac I keep in fixed deposits.
I'm keeping 3 lacs for margin and all downturn movements. Can you guys tell me if this is going to be a good idea keeping my investment horizon of 10 years. If not where is that I'm making a mistake.
PS : I'm not looking for trading the lots, its just like holding them without manipulating on a day to day basis. I may trade on very adverse market conditions.
Thanks in advance
Regards
Creative
I'm an technical trader and has been actively involved from last 5 yrs in equity and derivatives. What I need to understand is something related to bullion.
The scenario is I have got a windfall cash of 18 lacs and thought of going for gold for my children, now it struck me that I can buy GoldM futures 5 lot and just keep them rolling near expiry since I'm at terminal many times a day and track market. And the rest of the money i.e 15 lac I keep in fixed deposits.
I'm keeping 3 lacs for margin and all downturn movements. Can you guys tell me if this is going to be a good idea keeping my investment horizon of 10 years. If not where is that I'm making a mistake.
PS : I'm not looking for trading the lots, its just like holding them without manipulating on a day to day basis. I may trade on very adverse market conditions.
Thanks in advance
Regards
Creative