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Q.

Is there a way of earning 1 crore in 10 years, I am earning 35k per moth & my investments are 3000 in SBI TaxMagnu (SIP) per month, and 40k per year in LIC?Please help me

About: Money

Tags: money, relationships, sip
Asked by Bluff Master, 02 May '10 08:13 pm
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Answers (9)

1.

Suggest build your portfolio comprising of Gold ETF and some property besides investment in blue chip shares
Answered by Uncommon Freind, 02 May '10 08:16 pm

 
  
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2.

Be realistic and prudent
you may do in 15 years or so
do not take too much risk
Answered by anil garg, 31 Aug '10 09:17 pm

 
  
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3.

Chal chutiye .....
Answered by Happy Singh, 03 May '10 01:24 pm

 
  
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4.

Discontinue LIC and take a term plan rest of the amount invest half in MF an the rest directly into equity
Answered by radhe g, 03 May '10 10:19 am

 
  
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5.

Power of compounding is very effective. You also need not worry about safety and taxation. Invest maximum amount every year in PPF. After doing this safe investment which is for your securing the future, you may do some investment in equity shares of fundamentally strong companies. If you have enough of patience and also has the guts to lose money, then only you should come into equity market.Invest in dividend yielding shares like Andhra Sugars, Kanoria Chemicals, Merk Ltd. You will also get capital appreciation reasonably over the ten years.
Answered by mr c, 03 May '10 09:44 am

 
  
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6.

Buy Birla Power solutions Stock at current rate, at least 5 lakhs (15 Lakhs, amount) now and wait for at least 6-7 years. It can reach your level of target.
Answered by Rajneesh, 03 May '10 07:53 am

 
  
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7.

Hi,

if ur able to generate a combined realistic return of 15% with a consistent monthly investment of 25k, it would be possible to reach the goal ur goal in approx. 12yrs. good luck.
Answered by isaac, 02 May '10 10:00 pm

 
  
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8.

If you increase SIP amount to Rs 8000 and LIC to Rs 80000/ Year you can reach the target.
Answered by hitler, 02 May '10 08:20 pm

 
  
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9.

No chance be aware
Answered by rajnikant raiyarela, 02 May '10 08:16 pm

 
  
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