Hello,
I came across your blog yesterday, loved your your unbiased guidance to the people. Can you please guide me as well.
I am 26, unmarried having an IT Business. I will be making around 80 Lacs this year. I want to invest this money and want monthly return or half yearly return from it.
I will be totally dependent on this return as i am discontinuing the business and want to shift to goa or some place with natural beauty and start different life doing social activities and meditation. I am not alone, have parents with me.
I want return of around 80k per month to maintain all expenses as i will be renting apartment.
I have 2 lic policies and 1 mediclaim, both of which are of minimal amount, around 2 lacs.
So can you please suggest me how should i make this plan work for me.
Other question is, - as inflation increases, expenses will increase but i will be getting fixed return every year, so what should i do about that?
Awaiting your reply, Thank you..
5 Answers
Hi,
Wow! @ 26 years, retiring/ Not, discouraging, but surprised :)
Suggest you to kindly use the calculator available in the suggested below article and try to analyze if your corpus is enough to retire at 26.
Are your parents dependent on you financially?
You may enhance the health insurance cover for three of you.
Kindly read:
http://www.relakhs.com/retirement-planning-calculator-3-easy-steps/
Hi,
I am not totally retiring, I will be working as freelancer but not full time. so don't want to depend on it and do environment protection work.
I just have little different perspective. I just don't want to keep on running after money all life. Its just waste of life. I love my freedom more than money. And having time and money after 60 when you are already half dead is so stupid.. I need to get out of this rat race now.( Before its too late :) )
Yes my parents are dependent on me financially, and i will be increasing health insurance cover.
After going through various options it seems, for fixed risk free returns max i can get is 8% and that too taxable.. Which is the best option to get highest fixed monthly returns? Can you give me the best way to retire by investing 1cr? ( Some plans and figures would be helpful) I am expecting return of 80k to 1 Lac per month.( It might not be realistic, but is there some way?) Thank you..
After going through various options it seems, for fixed risk free returns max i can get is 8% and that too taxable.. Which is the best option to get highest fixed monthly returns? Can you give me the best way to retire by investing 1cr? ( Some plans and figures would be helpful) I am expecting return of 80k to 1 Lac per month.( It might not be realistic, but is there some way?) Thank you..
Hi,
With due respect to your views & goals....
I am assuming that you have gone through the suggested 'retirement' article.
To get good fixed monthly returns, you can invest in a Equity balanced fund with SWP option (Systematic withdrawal option). However, kindly note that equity oriented funds fall under high risk category.
Read:
http://www.relakhs.com/top-best-balanced-mutual-funds-returns/
If you want less risky option, you may consider investing in SWP of MIP Aggressive fund.
A Rs 10 Lakh one time investment can give roughly Rs 2.35 Lakh per annum payment assuming the return as 9% (subject to taxes). I am assuming the returns on a conservative side.
Read:
http://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/
Other safe but low yielding options are :
Post office MIS scheme.
Can also consider 8% Govt of India bonds issued for 6 years by banks like Axis, HDFC etc.,
Rate of Interest is 8%. There is an option to receive interest amount every 6 months. Read: http://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
Rate of Interest is 8%. There is an option to receive interest amount every 6 months. Read: http://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
Hi,
Thanks a lot for you guidance.. MF MIP system is really good and balanced as FD returns are too low and total equity investment is too risky.
I might go for MIP's.
But i have few doubts, in SWP for MIP's in growth option. I am new to this investment , so please bear my questions..
If i invest 10 lakhs rupees for 3 years.
- How is monthly income calculated for return? Is money appreciation is given in monthly returns and the dividends is added to the principal amount for the growth of the fund?
- After 3 Years what happens to the principal amount.
- As you mentioned i would get annual return of 2.35 Lakhs for investing 10 lakhs at 9%. I didn't get how would i get this returns..I thought i would get 90,000 annually for 10lakhs at 9%.
Hi,
1 - Dividends on MFs may or may not be regular and fixed.
If you take dividend option, dividend when declared by MF scheme is paid and the NAV of the fund will fall to that extent.
For ex, kindly visit this link, you can estimate the dividend amount;
http://www.moneycontrol.com/mutual-funds/nav/birla-sl-mip-ii-wealth-25-md-/MBS062
In SWP scenario, you can opt for fixed amount and can also opt for 'time-interval' (monthly /Q/HY...). The capital appreciation is added to the NAV and at the same time your withdrawal is also processed till the time the entire corpus reaches ZERO or till the tenure you have opted for gets over.
Kindly ignore the calculation, I have assumed wrong figures.
If you are referring to Debentures, then they are also good option. Kindly go through below article, one such NCD public issue will be open next week.
Read:
http://www.relakhs.com/srei-equipment-finance-jan-2017-ncd-issue/
http://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
Please login or Register to submit your answer