-
-
-
Services
-
-
-
More
-
POSTED BY ON February 28, 2014 3:09 pm COMMENTS (3)
Hi,
I am not a good invester but last few years i tried to be. Can any investment Guru or expert have a look at my financial status and suggest me better to achieve my goal.
| Particular | Amount(Earn/Expense) |
| Income per month | 130000/Month and 22 laksh/Year |
| Expense per month | 30000 |
| Me and my wife working | Yes |
| PPF for me | 1 Lakh/year |
| PPF for My wife | 1 Lakh/year |
| EPF for me | 102000/Year and total as of now – 6 lakhs |
| EPF for my Wife | 30000/year and total as of now – 1 lakhs |
| Stock/shares | 2 lakhs and more more additions |
| Mutual funds | 60000/year total 2lakhs as of now |
| ULIP | 85000/Year total 4lakhs 25 Thousand as of now |
| LIC | 35000/year and last 5 years its on |
| Term plan | 1 Caror coverage. 10000/year |
| SBI accidental insurance | 4 Lakhs coverage. 100/year |
| Fixed deposit | 1 Lakh |
| Infrastructure bond | 20000 for 10 years taken on 2010 |
| Infrastructure bond | 20000 for 10 years taken on 2011 |
| Recurring deposite | 10000/Month |
| Cash in Bank | 6 Lakhs in hand |
| Property | 15 lakhs Land |
| Property | 3 lakhs land |
| Gold | 4 lakhs |
| Car | Owning a Car no Loan (7.5 Lakh worth) and no plan to buy another in future |
| Total Loan | NIL |
| Medical Insurance | 4 Lakhs coverage. No premium (paid by Employer) |
| Life cover by Employer | 40 lakhs |
| House | Living on rent |
| Two Wheeler | Have bought 1 using Cash |
| Family | Having 1 Son 3 months old |
Future plan: To buy one home for renting out (For investment )
To buy one home to live in.
Regards,
Niraj
2021 © Jagoinvestor.com All Right Reserved
Dear Kumar, please define the good plan for your wife. What special things should be there in the term plan for your wife?
How can I answer for your wife’s RD and jewelry when you can not ask a question to her yourself?
Thanks
Ashal
Thanks Ashalanshu,
I am also searching good term plan for my wife. I have completed 5 years in ULIPs and in the beginning ULIP charges were more so in 4 yours i could see fund value is same what in invested. But From 5th month as Charges are almost null and i could see fund value is raising. I have planned to continue 10 years so that so that i can get good earnings. As ULIPs give benefit in long term.
Yes i realized i need to increase in Mutual funds so from next month i would do that for sure.
My wife is doing RD and there is tax on that interest. Not too sure whether to continue or stop? I think she does RD for 1 year and used to buy jewelry from that interest 🙂
Can you please suggest me what more do i need to do ?
Thanks,
~Niraj
Dear Niraj, what about term plan for your wife? Why you are continuing your ULIPs? Why are you not increasing your MF SIPs? Why are you investing in RD?
Thanks
Ashal