Hello,
I am M Tech from IIT Madras and I am starting my own software development company.
I have about 1.2 CR (cash) after squaring all the closing fees. Except for this house and my office space which is loan free. Since I live in a very frugal city my requirements are around 50k per month. Likewise, to keep me occupied, I believe a small percentage @ 10% is ongoing and F & O trading and the rest is very low risk for low risk instruments which will yield dividends as well as increase in value compared to inflation
thank you and warm regards
It looks like you are looking for a miracle. As far as I know, there is no medium that offers both low risk and significant growth potential. The closest option would be government bonds, although they are not appreciating in value. Personally, I would allocate 1 crore in government securities and invest 20 lakhs in low risk option strategies.
DISCLAIMER: I AM NOT A REGISTERED FINANCIAL ADVISOR.
age, when you will retire, family dependents, etc
long in nifty bees and short future, both positions will protect each other, you can collect around 150 Fut premium points per month this way. if you can do 10 lots that will be 75k/month.
make sure the amount of bees is equal to a good batch, as always test it in the paper trade first.
Age 63
No family dependents, Living with son and DIL both earn more than enough for monthly expenses. I would like to maintain my self esteem and contribute to family financial responsibilities so 50K /m is more than enough for me. The fund should be somewhat safe and easily liquidated to meet any emergency.
Well, I know any share purchase instrument has risks as compared to bank FDs but within them any suggestions are expected to be in the lower half for risks and growth potential in the upper half. 7/8 % interest even with compounding reduces the value due to inflation, expect around 15-20% (Correct me if I’m wrong).
Just a warning – Trading is not easy. 98% of people don’t beat FD for 3 years according to Zerodha head himself.
And 90% of people I think lose money.
So don’t wait to start making money from the beginning when it’s the biggest damage that can happen to new kids. Immediately making pension funds available would be foolish.
Try to research things before you go live. If you find something you think will make money, test it against market data – say the last 10 years. And understand how it works, if it works. Trading has cyclical good times and bad times and you have to survive both and not get too influenced and make mistakes.
Then start live but slowly. No need to rush, start small, earn money, add capital. Rinse and repeat.
I would strongly suggest you stay away from F&O at this age, especially as retirement approaches. You will definitely have losses and after you retire, you can’t even work to earn it back. Invest some amount in MF and maybe some basket of stocks but don’t touch derivatives. It is 100% out of your risk profile.
It’s your retirement money, not spare change. Don’t play with it.
Keep 2 years worth of expenses in a savings account. Keep 1-2 more years in some liquid fund or FD. You are a senior citizen. You can easily get 9.5% on FD in small finance banks. invest up to 5L with them in an FD and it is safe (insured by RBI). You can open in many small finance banks, not just 1. Different banks are insured separately.
More than money you can put in dynamic asset allocation funds and maybe some in LargeMidCap funds. Maybe put 50k or 1l in stocks (don’t put small companies. Set your criteria as the company should be in top 150 companies. Don’t fall for telegram, whatsapp and youtube videos) and resist the temptation to increase it.
Again saying it’s your retirement money, don’t bet it on F&O. You will lose 100% money.
