Re: share
by sqawe qwwwe on Sep 16, 2010 06:49 PM
I don't know your age but start right now, forget about lost because you can make a lot in split seconds. Advice read finance sheets and check background of the company and read the Intelligent Investor by Benjamin it awesome.
At Present most of the future gains are already accounted for at present values. Cant see it hit the roof in next 3 years unless India can provide 10% Plus growth rate which is unheard of...
My investment agent and discussion with others i have consolidated below on saving amount
25% of your money in MF (Reliance, HDFC etc) 20% of your money in Stocks(30% long term stocks like tata, reliance, sbi etc, 30% in mid term stocks and 40% in short term stocks) 10% in Gold 20% in property 25% in fixed deposit, ppf, LIC, mediclaim insurance and bank for emergencies
Also put entire amount of your basic( in VPF as it earns 9.5% interest
Assuming you are 25 years and earn 20000 per month, if you contribute 12% of your basic plus dearness allowance every month, and the employer matches with his contribution, by the time you retire, you would be able to save 1.38 crore (assuming that the interest rates remain the same 8.5% and you get a modest salary hike of 5% every year).
you can always change a certain % by increasing and decreasing some Ex: Till 40 years do not invest in medical insurance, Use that amount for other purpose.
Re: My advice
by Oldkid on Sep 20, 2010 07:22 PM
You mean after around 35 yrs he will retire and will have 1.38 crore ? Can you imagine the value of 1.38 crore in the year 2045 ? With that amt you can stay in a rented flat and will lead a pauper life.
