I am 65 yr old . I do not have a pension. Whatever little money I saved had so far been invested in Postoffice and Banks. The Interest is getting ridiculously low. I do not know anything about personal finance and business. Can I invest in Mutual Funds ? I will be very grateful for some advice
2007-12-30 20:55:49 · 11 answers · asked by eljaycee 2 in Business & Finance ➔ Investing
As you can take little risk, invest more then 50% in balanced fund. They give less return but less risk.
2008-01-02 01:09:46 · answer #1 · answered by Bharat 5 · 0⤊ 0⤋
Mutual funds are a good choice to begin with. I suggest buy UTIs Mastershare, SBI Magnum, Reliance or ICICI MF's.
Better apply in IPO to begin investing in shares.
Market is quiet high currently . It has been unduly highjacked upwards by operators.
Better buy TISCO ,Telco, Reliance other such Companies who are leaders in their field.
As a thumb rule say you know and like a particular product of a Company you should get invested in that Company. Say Colgate/ HLL/ ITC.
Do not be guided by sensex going up.
Please buy a newspaper like Business Standard or Economic Times. Read it regularly.
It is best to get fundamentally strong company shares. Buy shares at dips in small lots. Stay invested till you get 50 % returns ( should get in 6 months).
Watch out for Results. News. Book Closing . Dividend . Bonus. Rights. Share split . New Products and developments
Dont panic if market goes down. Keep cash handy. PLEASE DO NOT DO DAILY TRADING.
Happy Investing.
Sudershan
2008-01-02 02:22:54 · answer #2 · answered by s.maheswari 1 · 0⤊ 0⤋
DEFINATELY U CAN INVEST IN MFs. taan average equity mutual funds have been giving more than 50% re returns.there is provision for systematic withdrawal plan in many equity funds through which u can withdraw certain amount each month.say RS2000/-PER MONTH ON INVESTMENT OF RS1,00,000if growth is more than ur withdrawal then it remains accumulated in ur A/C.but first get aquainted with risk associated as investing in MF.as MF IS NOTHING BUT INVESTING IN SHARE MARKET.IF U WILL INFORM @ UR LOCATION I CAN ASSIST U BETTER. I AM CERTIFIED FINANCIAL ADVISOR.
THANKS
URS TRULY,
PRAS
2007-12-31 03:40:09 · answer #3 · answered by pras d 1 · 0⤊ 1⤋
Yes you can invest in Mutual Funds, provided you have aPAN card.
Monthly income schemes offered by Mutual Funds are good for you. They invest 70 to 80% of your money into safe avenues like govt bonds, company deposits etc the balance is invested in equities.
You can expect 13 to 15% returns in such schemes.
Get in touch for more info. I am a registered agent for Mutual funds and can help you in overcoming this situation.
Kindly get in touch on my personal email id .
Happy investing
2007-12-31 02:23:36 · answer #4 · answered by vikas 2 · 0⤊ 0⤋
At your age preservation of money should be your goal. The easiest/safest thing to do would be to put money in CD'S at a Credit Union or bank if you do not want to be a CU member. Credit Unions will offer higher rates than banks. Or even put some or all in a Money Market account. But be aware MMA's in addition to Mutual Funds, ETF's, Bonds, and Stocks are not FDIC insured. But with their risk you could see greater returns or losses to losing it all.
And with the current market condition being so volatile, timing an entry in or out of Mutual Funds, ETF's, Bonds, and/or Stocks you could see losses or gains add up very quickly. But if you are willing to take some risk here are a few links that may help.
http://finance.yahoo.com/funds
http://finance.yahoo.com/etf
http://finance.yahoo.com/bonds
http://finance.yahoo.com/how-to-guide/index
(click on savings tab under rates)
You can find all the basic info you need on websites for free. Below are more links to help you do it yourself. But if you need and want more help you can email me. I could share thoughts on using the screeners to pick maybe the safest for you. I could also share charts of your picks for technical entry point to maybe increase your risk/reward ratio.
This site should give you a good start.
http://finance.yahoo.com/education
Try what you learn on demo sites. If you pick 75% right with play money then you might be ready to start slowly investing.
http://simulator.investopedia.com/
Here are my favorite sites.
http://stockcharts.com/
Has basically all you need from fundamental to technical terms. Plus stock screens, charts, public chart lists, and much more useful info.
https://www.fidelity.com/
Has good learning resources.
http://moneycentral.msn.com/home.asp
In addition to yahoo finance.
http://www.reuters.com/
For news and more.
http://www.marketwatch.com/default.aspx
For news and more.
http://www.valueprime.com/index.php
For rating stock risk/reward ratio and reports.
http://www.barchart.com/
For investing in more than stocks.
http://www.investopedia.com/
For more great learning tools.
http://www.lightninglive.com/
For best software timing your entry/exits any time frame for day traders and long term investors.
Others worth exploring.
http://www.equis.com/
http://www.stockta.com/
http://www.secform4.com/
Best Wishes,
Burt Whitley
2007-12-30 23:58:49 · answer #5 · answered by Burt Whitley 3 · 0⤊ 0⤋
Unless you understand risk and "asset allocation", don't go near them. There are many great books that can help you.
A Mutual Fund Portfolio can help your retirement be less stressful and more rewarding. Keep in mind you won't be chasing the "best funds", because they can be the most risky. But the correct "asset allocation" will help you stay ahead of inflation & may provide more for the other things you love.
2007-12-30 23:56:03 · answer #6 · answered by Common Sense 7 · 0⤊ 0⤋
you can invest in mutual funds , but put it in different types of mutual funds with devidend pay out options, where you can get some dividends average month on month from different mutual fund
2007-12-30 22:48:41 · answer #7 · answered by chaksanand 1 · 1⤊ 0⤋
as of now, the market is looking good for another year. so u can invest in mutual fund for 1 year period.
invest half ur money in equity funds and remaining in debt funds for the safer returns
2007-12-30 21:55:22 · answer #8 · answered by parsar 3 · 0⤊ 0⤋
Investment in Mutual Funds is a good idea, but there is always some risk assosiated with it.
I would like you to visit the following sites for more detailed information on mutual funds
http://www.valueresearchonline.com
http://www.moneycontrol.com/mutualfundindia/
You should post your question at http://www.valueresearchonline.com where you will get expert advise on Mutual Funds.
Don't go for by last year trends, in that stocks markets have outperformed everyone's expectations, whether the same will be repeated next year is doubtful. Mutual Fund Investments are subject to market risk and the returns are not guranteed as in the case of Post Office and Fixed Deposits.
2007-12-30 21:24:56 · answer #9 · answered by Anonymous · 1⤊ 0⤋
Contact the nearest L.I. C office and tell your investment problem.
2007-12-30 21:12:36 · answer #10 · answered by geeyen 7 · 0⤊ 0⤋