I am a 44 year old person , with a family responsibilty of wife and a 11 year old daughter and a liability of 10 lakhs of home and 2 lakhs of car loan.got exhousted in 18 years of tiresome sales job.My main worry is that I may not be able to carry my career with this line .I want to persue this type of job for another 3 years , means , I can invest around 15 to 20000 per month , upto next 3 years ,means 3 x 12 x 15000 = Rs.5,40,000 /7,20,000. SO,I need some candid financial guidance , that how and where I should invest so, I can get maximum monthly return after my pre mature retirement.
1 Answers
Hello dear, If you are looking for maximum monthly return, then equity funds can be the best option for you. But secondly you are looking to invest for a time horizon of only 3 years. Keeping a time horizon of 3 years might prove to be a bit risky for your investments.
On the other hand, if I do some calculations, if you invest Rs 20,000 per month for next 5 years and I safely assume a return of 15% from your mutual funds, you may end up having around 17.71 Lakhs after 5 years.
If your time horizon is of 3 years, invest 33% of your portfolio in equity funds, rest in fixed deposits and FMPs or debt funds
Mayank Gupta www.ninemilliondollars.com
Related