My attitude towards savings and investment has always been one of conservative approach. I have an innate belief that only investment in real estate is the safest and surest bet. All my investments throughout my life have been in Real estate. Of course, since I am employed decently, household expenses are met and emergency expenses are taken care of. Do you think it is wise to invest all the money in real estate only.
Hi, I go thru. your investment policy, but in my views to invest in real estate for your money security and to get more return, if u invest in blue shipshares but u r not sure how much return u r getting as all factors depends on situation , but if u invest in real estate u did not worry about retunr. I M RIGHT!
Money saved is money earned. The money needs to be saved and it's also important that the saved money continues to grow more than the inflation and also more that the dearness caused by lifestyle living. Therefore the money needs to be invested wisely in various investment option. 1)At least 20/30% must be invested in good fundamentally strong blue chip company which have to potential to double the money in the time span of appox. 3 years. 2) A research work must be done to invest at least 40% of investible funds in good mutual fund house. The track record of the fund house and the fund manager has to be carefully scrutinised. The fund must should have the potential of doubling your funds in an span of appox 4 years. 3)Now the remaining funds may be judicially invested in real state, post office and banks. Post office and banks, albeit give lower return, are the source of instant funds. The invester don't have to wait for even a day for the payment and secondly the funds are fully secure. This kind of methodology can be adopted for the investment but it may vary from person to person according to his capacity of investment and according to his capacity of taking risk.
RE:RE:Saving Money is Earning Money
by gurudutt acharya on Dec 28, 2007 05:48 PM Permalink
sir, i have taken a loan of Rs 5.50 lacs at 12.75 % interest against property,i would like to know that if suppose i get 1 or 2 lacs from my maturity FD,Should i repay my loan or else invest in mutual funds/equties. please reply me on gacharya23@rediffmail.com.Regards.
RE:Saving Money is Earning Money
by super success on Dec 30, 2007 12:37 PM Permalink
hi gurudutt see from now onwards market is going to be bullish. why don't you invest in short term which are about to take off and book profit.but if the stock dip little bit keep it as a delievery and sell them when you feel the stock goees up.try to rotate the money from stock to stock but only blue chip company and book profit .
Investment is not made according to somebody else advice but rather for oneself and according to his/her needs. The following are the basic steps which you need to follow. 1. Make a financial plan and objective according to your needs like when do need to buy a house/car/kids education/Riterment 2. Diversify the risk by investing different areas like Fixed deposit/Property/mutual fund/money market/PPF etc. This is done so that even if one of the markets crashes you still have something left with you. 3. Please investa according to your objectives and the risk which you would like to take because high risk high returns.
RE:Investing decision
by simha chalam on Dec 26, 2007 07:10 AM Permalink
Meh, the main problem is.. most of us are unable portray the future & hence unable to plan. So consultations/advices from expd ppl like these are reqd.
My name is Vishal Agarwal. I am very confused related to investment avenues. I earn a salary of Rs 12,000 pm and I am eligible for tax. Could you kindly advise where can I invest my money which would help my money to grow and also provide me a tax rebate.
Awating your reply at the earliest.
Also provide me with the info on tax like what's gonna be my tax amount and how much should I invest.
You can send me your reply on vishal_agarwal86@hotmail.com
RE:WeALtH CReAtIOn IDeAs
by nityanand on Dec 25, 2007 11:12 PM Permalink
for a income of 1,44,000 INR you hardly get any tax provided if there are a few components like PF,Conveyance,medical allowance.
RE:RE:WeALtH CReAtIOn IDeAs
by ramdev jhawar on Dec 30, 2007 05:03 AM Permalink
Hi vishal, Rs. 100000 is standard deduction so you won t be taxed on it. For the rest 44 thousand, you can save tax by investing in mutaul funds for say 30000/annum and then say 10000 on insurance. With this you wont be paying any tax for your income.
For mutual funds Rs 30000 go this way: 1) Select three mutual fund schemes 10,000 each 3) Out of which one could be ELSS (check with the banker if thay are tax free funds)
RE:RE:RE:WeALtH CReAtIOn IDeAs
by ramdev jhawar on Dec 30, 2007 05:07 AM Permalink
Forgot to mention, since you have PF and HRA apart from it which are deductable for tax, you may not even go for mutual funds for saving tax. Just in case you can take my advice adressed earlier.
If you have a house loan then its both an investment and tax saving. The best option.
