So, a banker sold me ulip product 4-5y back.
Made almost 2x profit.
But now I am thinking to park this money somewhere else...it's tax free btw ( 80, 10 X D)
Options are many and am confused 🤔
Can anyone help me...
I am thinking to buy agricultural land or direct stocks. ( But market is at all time high)
HDFC mba wealth mgr are bullshit...they always suggest to reinvest in ulip.
Surprisingly, I can't buy HDFC opportunities fund from HDFC website but Groww offers that at very low expense ratio (direct fund)
“kya karu itne paiso ka”
wealth manager: “reinvest sir”
Yeah... They get huge commission for ulip
ULIP yielding 2x in 4-5 years, is it real?
Buying agricultural land can be good decision if you have someone to take care of it. Capital gains would be absorbed.
Markets might be all time high but some blue chips are at fair valuations.
Yes... I used to switch funds according to market.
Else it wouldn't have 2x.
What blue chips are at fair valuation?
I have been receiving calls from HDFC to opt for ULIP plans. I didn't know much about it. Now I knew after much discussion with their fund manager and research on internet.
What worries is the charges. The plan HDFC recommended had 12%...
I have 20+ lakhs in bank account. My bank contact agent is telling me to invest these in a less risk mutual fund rather than in fds . What are your views on it? Is it the right path to go as that would help me save tax.
Before people jump into validation mode, I thought let’s do something ulta (opposite)🙃
Pick one of your worst investment mistakes (it can be a stock, RE, ULIP, relationx blah blah)
My inputs - During 2021/22 real estate boom, I p...
It's been close to a year since I am earning a salary and this is what I do:
The wealth should not be inherited.
I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.
Seeing the comment section,I realise I am broke.