10 days back I have mentioned how I started with the ETF Strategy and made my first investment. So it's been 10 days since I started the investment and in that 10 days there were 7 trading days so that means I have bought 7 ETF till now. I thought of starting with a Rs 25K investment means that for every buy there will be Rs 500. Now the problem with this approach is that if I sell that ETF with 6% profit I will get Rs 30 and the brokerage will be somewhat around Rs 20 to Rs 25. That means my net profit will be quite low. So I have decided to increase my initial investment amount to Rs 1 Lakh so everyday I can buy the ETF for Rs 2K. Now that is also not ideal and ideally, I should be starting with Rs 4 or 5 Lakh. But I do not have that much money to start with.
So I have started with 2K per day and as of now I have invested Rs 12836 and my overall profit as of now is around 1.15%. For evert ETF there is different profit and once the profit reaches 6% in any of the ETF, I will sell it off.
I have got this profit because the Silver has increased its price from last 2 days and that is giving me some profit. And I will be hopeful if I can get Silver to give me 6% interest so that I can book my first profit. The list of ETFs which I will be using is
So today also I bought one ETF of MAKHTech i.e. Mirae Asset Hang Seng TECH ETF which is down by 5% from its 20-day moving average. I am hopeful that profit booking will start soon and I will continue investing everyday and at any point of time if the profit of any ETF reaches 6% I will sell.