Sir,
I already made a loss of rs 6.0 lakhs last year in stocks and closed my demat acct. Now i am having wish to invest in mutual funds to recover some money so that i can live better life? my age is 49 yrs and having responsibility of son age 21 unmarried and daughter age 22, with my wife.
Both r studying and fees is too much? I can not take too much risk but wanting to get aprox 12-25 % return in 3-5 yrs as i lost my emergency fund in stocks? which funds you suggest me to invest pls let me know?
1 Answers
Hi,
In most instances, it's the GREED to earn more or to make quick money, which leads to big losses in stock-market.
Kindly forget about what has happened and learn from the mistakes.
Your expectation of 12-25% returns from mutual funds may or may not be achieved in 3 to 5 years.
You may consider investing in a balanced fund and in an aggressive MIP fund for next 3 years or so.
Do you have term insurance in your name? What about health cover for self/family?
Kindly go through below articles;
http://www.relakhs.com/10-reasons-avoid-short-term-trading-stock-markets/
http://www.relakhs.com/personal-financial-mistakes/
http://www.relakhs.com/insurance-importance-life-health-accident-covers/
http://www.relakhs.com/personal-financial-planning-articles-list/
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