Everything You Need To Know To Invest In COMEX Like a Pro!
While investing in COMEX, you must study the risks to be avoided before you start spending your valuable money. More importantly, know your options. Here is a list of everything you need to know to invest in gold like a pro!
You have 3 options when it comes to gold investment:
1. Mining Stocks: Instead of buying gold stocks, buy shares in companies that mine gold and silver.
2. Exchange-Traded Funds (ETFs): is a tradeable, marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund.
3. Bullion/ Coins: Owning physical gold and silver has its own advantages.
Some tips to make your investment safer and more profitable:
1. Do thorough research before investing. Don't settle for the first place you see online.
2. Be careful while investing in ETFs. You don't physically own anything.
3. Purchase gold coins in different denominations.
4. Never purchase gold coins unless you are yourself a gold collector.
Make sure you diversify your physical holdings. Just as an investment portfolio, you would like to purchase different types of gold. This would be helpful while selling your gold.
CFD Trading is essentially like trading shares, you will only need a little upfront money which still controls the whole situation. CFD Trading gives a different way to guess on shares in global markets. When entering into a trading contract the parties to trade agree to only settle the difference between the opening price and the closing price of shares involved, at the end.
Important CFD Trading tips:
1. Research. Stay updated with company information, chartings,...
What are Shariah compliant stocks? Shariah compliant stocks are those stocks whose income is not derived from businessed involved in activities prohibited by Shariah. The prohibited sectors include interest based financial institutions; manufacturing, distribution and sale of potable alcoholic beverages and narcotics; processing, distribution and sale of pork and pork related products, meat and products of other animals killed in a non-halal manner; gambling and tobacco.
The stocks are screened for Shariah compliance by using some screening norms. This is done...
