Gold ETF Risk: Ramu's ₹2,000 Profit Turns into ₹1,000 Loss Overnight!
Gold ETF Risk: Ramu's ₹2,000 Profit Turns into ₹1,000 Loss Overnight!
- •Ramu invested ₹20,000 in silver ETF, saw ₹2,000 profit, but incurred ₹1,000 loss trying to sell after market hours.
- •Orders placed after market close (3:30 PM) are executed at the next day's opening price, leading to potential unexpected losses.
- •To mitigate risk, investors can use a 'Limit Sell Order' to ensure assets are sold only at or above a specified price.
- •Pending orders can be manually canceled; brokerage fees are charged only for executed orders. Weekend orders execute Monday.
- •Investing in ETFs carries risk; knowledge, awareness, and tools like Limit Sell Orders are vital for informed decisions.
