My annual income in approx Rs.300000/-
2006-10-27 08:41:01 · 8 answers · asked by sss s 1 in Business & Finance ➔ Investing
Hi friend..
Well there are mnay great ways of investments for safe future..
Lets see if one of following works for you..
1} You can invest in stock market..it quite good looking for
next 10yrs and the simple reason is that lots of new
reforms are in pipeline for india..and maybe the GDP
growth would touch 10 % by 2010.. u can invest is smart
earning companies as INFOSYS and RELIANCE at current
levels even TCS i can assure your money would be doubled
innext 5 yrs..
2] You can go for POST OFFICE FD. there you would get
return of 8 to 9 % p.a.
3} There are quit good LIC policies availabe in market for
example 18yrs maturity policy in which..u can deposit
50,000/- p.a. in the name of you baby upto 18yrs and after
another 7yrs u would get something 25lacs in lumpsum
which might be benefical for your BABYS career..
So tehre are lots of options with u..still if u wish to talk to me or have any confusion..u can mail me at ; lalit_jain123@yahoo.com
Have a sweet marriage life take care bye bye
2006-10-27 20:08:02 · answer #1 · answered by lalit_jain123 2 · 0⤊ 0⤋
You should strongly consider hiring a financial advisor. You want to account for your entire financial portfolio when making this decision. You need a well-balanced portfolio especially considering you are not at a point in life (with 11mo girl) to take excessive risks.
B/C you are here asking this question indicates the absolute necessity for professional help. You make a substantial amount of money and could use a well-developed financial strategy. It will be well worth the money to pay a pro in this situation.
Hard to answer your question fully considering we have no idea where the money is coming from and what form of tax savings you are talking about. An IRA will offer tax-deferred growth. If you are trying to "hide" profits from personal company earnings then consider starting an LLC and buy real estate with company earnings.
2006-10-27 17:01:50 · answer #2 · answered by holbrpa 2 · 0⤊ 0⤋
You Have a Decent annual Income.... So it would be good for you to invest in some tax saving mutual fund of the type equity diversified.
mutual Funds are the best investment vehicle for people who do not have any idea about investment. Govt Bonds and Fixed deposits are no good as the interest rate given by them are paltry...
2006-10-27 16:09:28 · answer #3 · answered by uban1981 2 · 0⤊ 0⤋
It is better to consult ans submit all the details to a auditor and do the work.
Or you can invest this in and approved childrens growth funds etc
2006-10-27 22:29:11 · answer #4 · answered by ar.samy 6 · 0⤊ 0⤋
You can invest in any of the ULIP plans. you can get tax saving under section 80c
2006-10-27 16:05:24 · answer #5 · answered by subo 1 · 0⤊ 0⤋
A great website to check for futher information would be http://finance.indiamart.com/india_business_information/types_of_schemes_mutual_funds.html Good Luck!!!!
2006-10-27 16:38:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋
R as in Brazilian Reals? If you have currency inflation problems, gold might be your answer.
2006-10-27 17:22:19 · answer #7 · answered by gregory_dittman 7 · 0⤊ 0⤋
mutual funds are better. good funds had prudecial icici
2006-10-27 21:05:41 · answer #8 · answered by keral 6 · 0⤊ 0⤋