What to do with liquid amount

POSTED BY Jig ON January 5, 2011 10:35 am COMMENTS (4)

I know best investment is SIP in selected funds. But suppose i wana invest 1.5 lac currently where and how to invest? I can prepay for my loan liability for which  i am paying interest of 8.99%. Is there any option to earn more than this by investing lumsum amount?

Regards

Jig

 

4 replies on this article “What to do with liquid amount”

  1. Manish Chauhan says:
    January 5, 2011 at 9:27 pm

    Jignesh

    I dont think it would be wise to pre-pay the loan if the interest you are paying is really that low . You can invest the lumpsum amount in Balanced funds through STP route .

    Manish

    Reply
    1. jignesh says:
      January 5, 2011 at 11:41 pm

      Yep Manish i am paying this much interest in Other country actually.
      Thanks manish for suggesting the way.

      Regards

      Jignesh

      Reply
    2. jignesh says:
      January 16, 2011 at 5:48 pm

      Manish,
      Market is down, You will still be with your suggestion of STP or i should invest lumsum once in balanced?

      Quering again as seen an opportunity in market.

      please advice

      Reply
      1. Manish Chauhan says:
        January 16, 2011 at 11:27 pm

        Jignesh

        You might be mistaking the volatility in markets as being “down” . You should consider markets down only after a prolonged downturn and atleast 30-35% downturn , but because of 5-10% .

        Manish

        Reply

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