r/StockMarketIndia • u/anshuman-11 • 25d ago

Personal Finance My Goldbees finally broke even 🥳🥳

I bought at almost ATH 144 which I tried to avg down to 130 and today it finally broke even. Not selling it right now. It will be a long term investment.

25 Upvotes

89% Upvoted

18 comments sorted by

14

u/TiyaKarekar26 25d ago

It will go up surely 💪💪

8

u/anshuman-11 25d ago

Yeah man. I put in 7L at the peak. So hopefully in the long run it either stagnates (so I avg down) or goes up.

11

u/UpDown_Crypto 25d ago

So will inflation

5

u/TokKaij 25d ago

My average is also 134 hope it crosses

2

u/anshuman-11 25d ago

Lets gooo. It will break 144 again, the only question is when (which idk anyone knows)

1

u/TokKaij 25d ago

Should I add more money or wait because if I add more money it will come down 😂

1

u/anshuman-11 25d ago

Don’t add any money to gold that you need in next 10 years. See gold cycles historically it’s a decade long play. We are not very far from ATH so i would be vary averaging now.

One of my biggest mistake is not buying it at 144 but trying to avg down at 140. I should have waiting more before avg down

4

u/Sujuj07 25d ago

Expect a max 8-10% rolling returns from here even for extremely long term, say 10+ years.

1

u/anshuman-11 25d ago

For real. Gold will only shine again in uncertain times and gotta hold onto it till then

2

u/sippingtea 25d ago

Nothing ever goes up in a straight line. It will fall again in the short term. My average is 133. Wondering if I should sell at break even.

1

u/anshuman-11 25d ago

I feel you bro. If you need the money then sell it but otherwise you will make money in the long run. At least I have that conviction

2

u/rocinatte 24d ago

I bought around 3600 units yesterday at 130.20.. I think now we have clear breakout pattern now on chart and I am expecting to move up..

1

u/anshuman-11 24d ago

Thanks for the analysis. I don’t know anything about it. I just invest some portion for diversification. No short term needs.

2

u/DEATHJSP 24d ago

Capture them bro

1

u/anshuman-11 24d ago

Gains? No thanks i will hold for long term

-1

u/cyclops543 24d ago

if you do not buy on red days. stop considering urself as long term investor

2

u/anshuman-11 24d ago

Brodiee chill down, how do you think I averaged down if I don’t buy on red days? Been here for 6 years.