15Nov 59.81/55.38
18Nov 62.14/57.66
23Nov 62.96/58.40
26Nov 63.50/58.89
30Nov 63.85/59.22
2 Dec 64.48/59.81
6 Dec 64.63/59.94
THat's your observation, right?
You bought on 15th Nov, at buying price 59.81, and let's assume you sold on 6 Dec, at 59.94
How much money do you actually made? 0.13? How much is that? This, if your dates are right, are during about a 21 day period.
0.13 over 59.81... That,s about... 0.2% returns (if my math is still accurate)? Hmm... how much can you make?
Perhaps over a longer, maybe 30 day period, it would give better returns, but I doubt it's the type of investment that will make you rich, fast.
The price goes up an average (if we follow the small amount of stat you provided) of about 0.1 or something in 4 days. so.. even after say, 60 days, you'll make about 1.5 over how much? Percentage-wise, it doesn't seem really a grand way of making money, although it is a solid investment since gold prices don't seem to crash (as far as I remember) and give better returns than normal FDs.
My opinions are just mine own... Don't blame me if anything happens.
Oh yeah, the commission is really 0.7% ar? My calculations always anticipated something around 5% If really 0.7%, a lot of calculations I've made is really wasted.
Anyway, good luck with ur investments.
Investment (Local and International), Everything About Investment
Dec 11 2005, 07:46 PM
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