POSTED BY January 18, 2013 11:27 am COMMENTS (4)ON
I am asking this on behalf of my father who has just sold his IOCL shares for approx. 6 lakhs which he had been holding since a long time. As the rates of the shares reached acceptable level after ages, he sold them.
Now the thing is I don’t want him to invest that amount into another useless product or stocks. Instead I would like to know the best option through which he can keep the money invested and if possible, also generate a regular income, as he is retired.
Kindly help me out in resolving this matter. I would be highly grateful. All your suggestions are welcome 🙂