I am retired lady with 48 thousand rupees I have a college going daughter I need to invest this money for her studies and marriage can someone tell me how to invest and shares and mutual funds so that I have enough money for her marriage and studies
2007-01-08 20:11:27 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
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2007-01-12 19:20:17 · answer #1 · answered by Anonymous · 3⤊ 1⤋
Retirement and Stock market do not get along well, simply cause Retirement means low risk, and stock market means high risk.
Assuming you have the 48K and do not need it for at least 1 to 3 years and HAVE to invest in the markets, then the following applies:
Here is what you can do> Pick the least risky road in the stock market. And, that is to invest in 25% in Growth and Income Mutual Fund, and 75% in Bond Mutual Fund. If you go to any friend/family that knows about it, then they will be able to find you these two funds. The bond fund will give you some growth, but mosly income. The stock fund will give you some income, but mostly growth.
The above is what I would recommend to a retired person in my family, and have done so in the past. Be ready for the amounts to fluctuate and go from 48 to 55 to 51 to 59 to 53 and back to 55 over 1 year. That is what we all mean by Risk!!!!!
Good luck to you and your daughter.
KKP_Investor
2007-01-09 09:00:24 · answer #2 · answered by KKP_Investor 3 · 0⤊ 0⤋
hi
if u are going for investment then dont go for shares as its a very risky form of investment.
its much better for u to go for mutual fund investment as they are comparitively safe and also give good returns.
moreover you are investing for the purpose of your daughters marriage and studies which require lot of amount.
you need to invest in some good equity diversified mutual fund
so that you get good return and your money is also safe.
for furthur guidance and query contact me on 'gmifinance@gmail.com' by profession i am an mutual fund advisor. if i get more detail then may be i can be of help to you.
2007-01-11 03:27:27 · answer #3 · answered by Dipendra n 1 · 0⤊ 0⤋
Hi
I suggest you not to invest in Shares as they are very risky and you may get tense with every fall in the market.
You can think of investing around 20000-30000 in Mutual funds as the flutuation there is bit less. Choose some good funds from SBI, Reliance equity opportunity fund, and UTI
Find more information on http://www.moneycontrol.com
2007-01-08 20:22:17 · answer #4 · answered by GSoft 2 · 0⤊ 0⤋
in case of mutual funds choose any mf which is giving some
fixed % income & then above that which is flexible.
otherwise invest in fd of bank if you donot want to take a risk at all
for investing in shares read dalal street, new edition says that 10
companies going to give bonus shares, but it is always subject to risk
2007-01-08 20:23:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Investment requires lot of care. It depends on your risk apetite and whatever u have mentioned, accordingly it you should have diversified investment i.e. some portion in shate market, some in mutual fund and some in post office or other G-sec. sothat u can balance ur portfolio
2007-01-08 21:48:38 · answer #6 · answered by jaimin t 1 · 0⤊ 0⤋
ur daughter can do it 4 herself
get any Portfolio maager who assured 0% loss & 50-80 % profit p a
use aptistock freeware with buy sell signal
details on my blog
2007-01-09 16:22:29 · answer #7 · answered by dinu_pawar 5 · 0⤊ 1⤋
invest in prudencial icici dynamic plan it is very benifitiary. contact with icici bank
2007-01-11 14:56:28 · answer #8 · answered by keral 6 · 0⤊ 0⤋