My father is going to retire.Where he should invest Rs. 17 Lacs for regular income as well as for its growth?
My father is going to retire on 30th Sep'08. Where he should invest Rs. 17 Lacs for regular monthly income (Approx. 10000) as well as for its growth?
Public Comments
- i think maybe in india he should invest and buy something such as a hotel or a shop and have different people hired to run it. It would bring in a steady income without having him to do much. Another thing is you should start investing in american companies overseas in india. im sure you have many of those eh grrr. A company such as A t and t or an electronics company would be perfect. Theyre stocks stay relatively stable and you would do fine with that.
- Better to buy agri land whereever you get considerable price. Four acres of coconut giving yield will be better than investing money anywhere.
- I feel without taking any risks your father should put money in either post office( Monthly return scheme) or plain and simple fixed deposits, where one can earn decent interest of 9 to 10 percent depending upon the Bank. It is his hard earned money and he should be careful.
- now sharemarkets are the only source to invest and earn a quick growth
- Invest in any MIP (Monthly Income plan).
- Consider fixed deposit schemes for at least part of your father's investment since they are safe. Visit ratekhoj.com (http://www.ratekhoj.com/fixeddeposit/index.php) to get the best fixed deposit rates in India.
- post office monthly income scheme
- Ask him to invest in bank FD where current rate of interest is between 9 to 10 per cent. This will give me around 13000 per month a good 33% more than his investment. Do not invest in MF, ULIP, Land etc. which will give him more tension than returns.
- well ask you father to visit a certified financial planner.
- Do not invest in any product of an Insurance company. Best options are : Senior Citizen Scheme. Debt Funds of MFs like MIPs, Income Funds etc. MIS of Post Office FDs of bank. Small amount in equity MFs. Ensure that he has a medical insurance policy to take care of hospitalisation.
