US-Iran war, then Saudi-Houthi war, now local political uncertainity, looming diesel shortage across the world, USA bond yeilds breaking record highs.
The only good thing we have going on for us is liquid forgien reserves has reached $21 billion dollars.🤡
So, as the title said, I'm a student and quite new to investing.
I don't know if I should I go for a broker or not. Also, a lot of people say that becoming a filer is better but with all that going on in Pakistan right now. Should one become a filer? Especially since they aren't earning.
Also, according to your personal experience what's been the best app that you actually use now? I hear people say abc, but then others say that this app has a lot of issues that affect their investing routine.
Edit: Also, brokers normally want their extra money and it's more of a headache if they aren't serious enough(which is usually the case, if I'm right).
For people who have started investing, what do you wish you'd understood earlier?
For example:
I'm interested in the learning curve, particularly for someone starting from zero. What helped you most, and what mistakes should beginners avoid?
Hi everyone,
I'm 23 and earn around Rs 150-200k a month. My main long-term goal is to buy a house or invest in property within the next 8–9 years, so I've started looking into mutual funds and have opened an Al Meezan account.
I'm planning to invest Rs 7,000–8,000 per month through SIP, starting now. Since I'm young and have a fairly long time frame, I'm comfortable taking some risk for better returns.
So far I'm considering:
My questions:
Would really appreciate any advice. Thanks!
Hii guys, I'm 21M, I want to apply for PM housing program to get loan and build my house, i don't have a job but my father owns agricultural land from where we get rents annually, which is monthly around 150k. I got 50k from that money every month in my bank account. I still don't have a good statement because I spend all of that money on useless things. Now I really want to build my house, but we don't have a lot of budget. I came to know about PM loan program. My father can't apply for the loan because he's 60+, so I have to apply it on my own name, is anyone here get the loan ?? What's the process
I can easily pay 50-60k EMI
Anyone here guide me ??
Gold Belongs to the Goldsmith
I spent almost four hours in sarafa bazaar.the reason was simple I wanted to buy gold bangles for my wife. I thought we check some designs, ask the price get them made and come home.
Instead I came back with a headache from trying to understand the gold calculations.
And one line kept coming to my mind Gold belongs to the goldsmith.
I visited several shops and asked about the gold rate, karat, making charges and, most importantly, what happens when you sell the jewelry back.the basic calculation was almost the same everywhere.
The rate is usually given for 24karat gold, while the jewelry is made in 21 karat.that understandable.what surprised me was the selling part.
Suppose I buy a 21karat bangle today. when I sell it later it is not simply:
weight × current 21karat rate = my money.
Apparently, the jewelry is melted first. Solder, polish and other nongold material are removed. remaining gold is tested again, and then the price is calculated. so basically when buying:
gold rate + design + making charges
When selling:
21karat calculation → melting → deductions → actual gold content → new rate
And I honestly thought Bhai, am I buying gold or a whole accounting system?
am not blaming any goldsmith there may be proper technical and business reasons behind all of this. but should not an ordinary customer be told these things clearly before buying because most of us only think Gold is expensive, but its price is going up, so it is a good investment.we don't usually think about what happens when we actually need to sell it.
And one more thing I found interesting: Keep your receipt.
Apparently, the goldsmith you bought the jewelry from may give you a better rate when you sell it back. Take the same gold and receipt to another goldsmith, and you may get a lower rate.
So the gold is yours.the receipt is yours.but the better rate may still belong to the goldsmith you bought it from.
If am misunderstanding any part of this, I genuinely like the goldsmiths here to correct me.
am not an expert. am just a customer trying to understand what am actually buying.
Hi, i am software engineer , managed to save & invest 1 CR , and i am still in late 20s.
I still feel there’s a long way to go. Has anyone achieved FIRE actually?
Original Article link: https://mettisglobal.news/Khaadi-plans-to-raise-up-to-Rs83bn-through-preIPO-IPO-63907
Alot of portfolio trackers have started showing this new metric: TWR
however most people don't understand it yet, so lets try to understand it with some simple and easy to understand examples
a little bit long post so please bear, it will be worth it
so what it is and how exactly its different from well known total PnL % which everyone is familiar with, why do we even need it?
Lets go through an easy to understand example:
- You buy Rs 10,000 worth of OGDC.
- The stock rises 50%, so your portfolio value is now 15000.
- Feeling excited, you bought further Rs 500,000 worth of stocks, taking your position total to 515,000.
-The stock then takes a slight decline of 6%.
- This takes your portfolio value to 484,100
You invested 510,000, and your portfolio value is 484,100 bringing your Total PnL% to -5.1%
However when you look at OGDC price chart, its still up 41% over the same period
(50% gain and a 6% drop from top comes out to be 41% from starting point)
Congrats, you just calculated the TWR of the portfolio!!
Looks simple right? it seems just price return of the stock.
For single stocks portfolio, it is exactly that simple and thats why I chose this as an example
TWR is simply the underlying performance of your asset, irrespective of when you put in or out the money
So what does it represent? It tells you your quality/performance of your underlying asset irrespective of when you put your money in or out, and lets you compare it benchmarks
Assume KSE100 did 25% during the same period. The problem with that negative -5.1% total PnL% is that it doesnt show you whether your underlying asset is bad or your market timing was bad (or both)
In this case, your asset was good, just your timing was bad.
A positive TWR doesn't mean you made money. You still lost money, but now you know the WHY behind it (bad market timing vs bad asset quality)
and that's exactly the purpose of TWR
In next few posts, will go over it again in much more detail especially for multi stocks portfolios where it will start making more sense.
Earlier I was using: UBL Ameen Cash Fund
But they upgraded FEL to 3%.
Someone suggested to use MCB Alhamra Cash Fund
They said it even withdraw same day.
My question:
I just want to prevent being ripped off. Please suggest.
Especially who have account with Alhamra and used cash fund, feedback appreciated.
Thanks in advance