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Q21 : Posted by gautam
sir,
i am a student and i want to know something.
i need ur advise . please tell me how and where can i invest my money (Rs5000-10,000) in installments or without installments to get back double amount in 7-10 months???in share market??bank schemes??post office investment schemes?? or any other .........
reply me soon please.
Reply (Sunil Gandhi) : My dear double in 7 to 10 months????Imposible. In stock market you can loose all in these period.So have patiance and invest wisely in good companies in stock market.Dont just gamble in a hurry to earn faster. Surely wise investment in stocks will make your money double faster than any other mode.
Q22 : Posted by hari
i've invested more than 1 lac in 50 satyam, 50 ITC, 100 RPL, and 100 Tata Power. Any better options? till now lost about 25,000/- !!
Reply (Sunil Gandhi) : Keep all but Tata Power as this is a slow mover. Invest in Satyam or Polaris or Asian Paints or RPL. Happy investing.
Q23 : Posted by selvaraj
what is the lowest interst on personal loans now
Reply (Sunil Gandhi) : Say around 17 %p.a.
Q24 : Posted by Kumawat B. C.
Sir
Namaskar.
I want know markets position in next week.
Reply (Sunil Gandhi) : No one can predict . Just observe and learn. It will improve after the was scenario improves. But the best time to invest is the worst time in the economy.
Q25 : Posted by Bibek Kumar Agarwal
As you had earlier mentioned in one of your replies to hold HCL TECH till it reaches 200 level, so what should i do with the shares as my cost price is around 150 per share. So also what should i do with HFCL as i have shares @120 and Saw pipes @70.I also have tips @46. should i hold them or do away with them.I had bought padmini polymers @50 per share. now a days the share is seen rising. How much more is the steam left in it?What has happened to Vikas WSP. can we ever see the same run up in the share?
Reply (Sunil Gandhi) : I never replied this query earlier. Pl. refer to appropriate expert.
Q26 : Posted by kanikan
Dear Sir,
I am a NRI with NRNR deposit worth Rs. 12 lakhs in Indian Banks. Since I want to return back to India for good, how best I should invest this money in order to get RS.15,000 to 20,000 per month as my monthly expenditure for maintaining the family. Also what is the income tax involved in this earned income. Kindly guide me properly.
Thanking u,
kanikan
Reply (Sunil Gandhi) : Hello, Here in India rate of interest on safe investment is around 9.5 % per annum. Tax rate is also different for different income. Highest rate is 30% above the income of Rs.1.5 Lacs.Based on this info you need more investment to earn 15 to 20000/- p.m. Or if you take little risk Mutual finds investments can offer you higher return.All the best.
Q27 : Posted by Ravi
Hi,
i want to buy shares online i am in USA. please let me know the formalites.
Thanking oyu,
Ravi.
Reply (Sunil Gandhi) : Become a member with any of the online trading sites. You neded to have your NRE/NRO account in India and RBI permission. Online site will also guide you. Sites like http://www.icicidirect.com , www.kotakstreet.com will help.
Q28 : Posted by KIRIT SOLANKI
i having credit card payment due rs.50000
my monthly salary take home= 4725.00 pm
how can i settle my due .please guide.
salary is the only source of my income
Reply (Sunil Gandhi) : Increase your income or liquidate investment where you are getting lesser return than Credit card interest you are paying.
Q29 : Posted by Hrushikesh Sahoo
I am looking for a loan approximately Rs.25000
for the period of 18 months. My Gross Salary is Rs.6000/- & Net salary is Rs.5200. I am having the stanchart classic credit card. Wherever I ask
they asking My Net salary should be Rs.8000/-.Is there any Bank/Financial Institution giving loan accoording to my elegibity cretirea.
Thanks
Reply (Sunil Gandhi) : As per my knowldege no.
Q30 : Posted by Nagaraj
I am planning to invest in mutual funds. My finacial service agent suggests me to invest in Debt bonds. Could u please explain me the scheme how much return i will get is the pricipal safe? And what is a GILT scheme
Reply (Sunil Gandhi) : Yes, debt funds are safer than growth funds. Return range from 9 to 12 % p.a.Principle is asfe because funds will invest mainly in secured edbts. But safety is not 100% as mutual funds depends on other companies for their return.In Gilt scheme MFs invest in Govt products. This is again safer than debt funds. Though return would be less.
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