Mar 23 2020, 12:31 PM
QUOTE(smartinvestor01 @ Mar 21 2020, 05:01 PM)
Actually i dont realize the problem when i invested in HG until when I dispose my positions, the results are very 'painful'..
The fees and costs makes it a poor investment too..
yes,....looking at the FEES in the HG FAQs...The fees and costs makes it a poor investment too..
it did mention the fees to be charged and the reasons for it...
but some of it just did not put that into a known numbers that are to be expected...
https://help.hellogold.com/en/category/fees/
i just did not realise the cumulative total cost is that HIGH.
QUOTE(Barricade @ Mar 21 2020, 05:44 PM)
In a nutshell, don't invest in HG. To all newbie who is reading this, avoid investing in HG at all cost.
those newbies expected to make some $$ from investment should just go for other asset investment vehicles that charges less overall %many are already
of UT fees of 5.5% sales charges....this platform is 100% more costlyQUOTE(siewty @ Mar 21 2020, 10:32 PM)
After reading, they seems tried to confuse us and also assume GOLD will going higher and never drop.
Anyway, here is the formula I build to calculate your scenario if the GOLD retain same price for next 15 months
OLD RATE IS 0.79% BUY, 2% Maintenance, 2% SELL
NEW RATE IS 5.79% BUY, 2% Maintenance, 2%+0.3% SELL
Old rate you will risk losing 5.2334%, if the price remain same
New rate you will risk even more 11.2372%, if the price remain same
Anyway, here is the formula I build to calculate your scenario if the GOLD retain same price for next 15 months
OLD RATE IS 0.79% BUY, 2% Maintenance, 2% SELL
NEW RATE IS 5.79% BUY, 2% Maintenance, 2%+0.3% SELL
Old rate you will risk losing 5.2334%, if the price remain same
New rate you will risk even more 11.2372%, if the price remain same
you really did some good for the benefits of others.
good time spend during this MCO 
This post has been edited by T231H: Mar 23 2020, 12:41 PM
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