Lucky to have started adding Gold into my portfolio in February to hedge against USD

In February, I started adding Gold via $Gold Trust Ishares (IAU.US)$ ETF to my portfolio to diversify the portfolio as well as trying to use it as a hedge to USD ( $USD (USDindex.FX)$) fluctuations and the unlikely event of US defaulting. This idea came about when I realised that recently, Gold price and USD price seems to have an inverse correlation, so it might be able to be used to hedge the crazy swings in USD.

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This purchase is a very lucky move as it was just before the collapse of $SVB Financial (SIVB.US)$ and $Signature Bank (SBNY.US)$. When there are fear of financial collapse, quite a number of people will run towards gold as an asset to preserve the wealth, which makes their price rise. Thus, manage to make some money on Gold to help cover the losses on other stock price due to the financial issues

In Febuary, I also found that if we have free platform and commission fee, buying shares in small quantity can save us some fees too. When I purchased 1 share, the fee is $0, but when I purchased 2 shares, the fee is $0.01 (as seen below). Thus, I started purchasing the shares 1 by 1

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Cui Nyonya Kueh : if you one by one , one by one. 会不会乱？ like the Fullerton / csop sub and redeem, sup and redeem. I also never calculate loh

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GoldenGuru : this was a good move!

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doctorpot1 OP Cui Nyonya Kueh : Hahaha I have faith in the system see the stock quantity is correct and the money paid is correct then ok already

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doctorpot1 OP GoldenGuru : quite a lucky move but if the crisis is over, the price might crash as people move money out of gold though

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Cui Nyonya Kueh doctorpot1 OP : I mean I thought need to do excel to see. I dunno who tell me say treat this like do business

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doctorpot1 OP Cui Nyonya Kueh : yes yes. I do keep entry in the excel, but for this instead of recording as many many rows, I only record as 1, consolidate it hahahaha if not too many liao

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Cui Nyonya Kueh doctorpot1 OP : ahhh ok ok thanks thanks have a nice day at work today

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Invest With Cici : Nice move

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doctorpot1 OP Invest With Cici : ya quite lucky just nice before the banking crash. at least it can help to reduce the paper losses on other position a bit hehehe

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doctorpot1

Moo Contributor

crawled out of poverty, working towards FIRE!! (financial independence, retired early)

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