Help in Investment

#1
I don't know if I have posted in right forum. I am a college graduate. My father passed away so I have taken over the financial matters in the hand. I don't know anything about investing, so had few questions in mind.

1. As I am totally new, I want to learn various forms of investing including stocks, covers , gold and real estate. I would be happy if you can guide me to proper material or links for each of the above.

2. This is current problem . My mother has taken SBI Life Insurance UNIT PLUS II PENSION for amount of 1000000, the investable portion is 9.09 lakhs.

The cover has lapsed.The NAV value is right now 12. And I want to know what is the right time to take out that money and invest it in other things? So please guide me in this matter also.
 

Atiker

Active member
#2
Go through all the posts and comments in this blog - subramoney.com.

Then only think about investing a single penny in stocks.

Stocks is not for newbies.
 

Alchemist

Administrator
Staff member
#3
1. There are dozens and dozens of websites with quality information about investments.

It won't be appropriate to just give 2-3 links.

If you ask more specific questions, then maybe we can suggest a site or two.

2. If you don't have any experience of managing money, don't even think about playing around with such a large amount.

("Large amount" is relative. If your mother's networth is more than Rs 1 crore and she has liquid assets worth at least 30 lac, then you can afford to experiment with Rs 9 lac.)

At your age, most people overestimate their ability to make money.

There is a significant chance that instead of making money, you will end up losing money in the next few years, especially if you invest in the stock market.
 
#4
2. This is current problem . My mother has taken SBI Life Insurance UNIT PLUS II PENSION for amount of 1000000, the investable portion is 9.09 lakhs.

The cover has lapsed.The NAV value is right now 12. And I want to know what is the right time to take out that money and invest it in other things? So please guide me in this matter also.
Name the particular fund you are mentioning here. Choose from this list.

What was the amount invested and total amount balance as of now ?

What "other things" are you considering as investment alternatives ?
 
#5
Hi Aditya

In first place since you have taken finances in your hand you should first buy sufficient term cover for yourself.

You can surrender the ULIP bought by your mother and utilise those monies to invest in other financial instruments.

You can invest the lump sum received from surrendering ULIP in PPF, NSC, MF via SIP in disciplined manner as per your risk taking capacity.

Any person guiding you for investments should know your risk taking capacity before he advises you.

Dont fall prey to any misguiding agents who will give you wrong advice just for earning good commission.

Thanks
Raj
 
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