Money Thread

Three years back,I had started investing 1Lakhs rs a year in Money plus(LIC) and after 3 years,with market at 20k,the 3 lakhs I've paid has become 3.2 lakhs!,what a bad investment? :cry: .If I had bought gold for the same money,the 3 lakhs would have become 6 lakhs,what a loss?.(I was shocked to read that the allocation charge was 26% for the first year,what a daylight robbery? :sad1 )Saving grace is the Rs.5 lakhs insurance cover
I had similarily invested money in ICICI PRULIFE and Bajaj alliance,mislead I was.
If only some one here can give good info on investment?...

 

I have never been a fan of ULips. Its only recently that I took the plunge. Try looking at Lifestage Pension plus from ICICI. It seemed good. But thats it for me when it comes to Ulips. Even Gold wouldn't have doubled your money in the last 3 years ( if you are buying jewelery i.e.), yes Gold ETF's might have.
I invest in MF's with SIP. They have not failed me so far. And MF's that I bot 3 yrs back are giving me handsome returns now ( thanks to Sensex @ 20k)

 

I have invested 50% in fixed deposits with Sundaram Fianance. The remaining 50% in bluechip shares bought by me using my online trading and demat accounts with Kotak Securities. I am fully satisifed with both. This way, I got average returns even when the Sensex touched a low of 8 k. As regards to shares, I am a long-term investor and I keep the shares with me for a minimum period of one year as long-term capital gains are completely tax-free. I invested a few lakhs of rupees when the Sensex touched 8 k and started investing systematically. Now, I do not buy any shares. I shall start selling when the Sensex touches 22k. When the Sensex drops again, I will accumulate. I follow Warren Buffet's advice: Buy when others sell. Sell when others buy! I have invested in ornament gold too when the price was less than Rs 1000/g.

 

Here I should say that only the Money plus that I had invested did not perform well where as MARKET PLUS(LIC) at the same point of time has done remarkably well,1Lakh invested by my uncle has become 1.80 lakhs now in 3 years.I did not go for that because it did not have insurance cover and obviously it did well because money was not deducted for insurance coverage.
I agree that ULIPS shouldn't be looked at short term intervals of 3 years
Yes,the LIFE STAGE PENSION plus scheme of ICICI as mentioned by ancient mariner is doing well from what I could see fromthe statement I receive from them every year.I am putting in 18,000Rs every year in the same and it seems to be doing well
My investment pattern is like this(every month)
1O,000 Rs in PO RD
10,000 RS in PO IVP
10,000 RS in LIC premiums(not an investment but a life coverage),not the ULIPS
15,000 Rs in housing loan repayment
5,000 Rs in ULIPS

 

That is discipline Mine is a bit staggered. I have made plans so that there is a regular stream of income (hopefully i.e.) between the ages 50 and 60 . Then there are short term goals for which I have invested in 5 yr bonds and FD's ( to save tax), SIP's in various MF's and blue chip stocks. For ultra short term, I'd like to gamble in stocks

 

True,ancient mariner,one should have a regular stream of income when he is in the age of 50 s and 60s and that was my purpose of investing in IVP s,which can not be withdrawn and encashed before 3 years and even if the interest is too low,atleast it is safe and should be handy when the capacity to earn might decrease due to old age
Do FD's save tax??,isn't the interest too low,wouldn't gold be better for short term goals??.Last year on one particular day it was Rs.900 a gram,see,now in 1 year it has doubled.

 

There are 5 yr FD's. Well Yes, Gold is definitely good if invested at the right price and the right instrument (ETF's Vs Jewelery Vs Gold Bars/Coins). Have invested in Gold as well.