I want to invest and retire rich?

Question

I want to invest in a plan for 10 years. i want to invest Rs 10000 per month for 10 years. where should i invest and how ? and in which plan ?i want to retire rich and have good standard of living even when i m not working with this investment?

Answer 1

You should invest in a company oversea.

May be in Viet Nam .

Or importing some garments from Viet Nam and sale in your location

it's cheap and easy for you to do.

Good luck and have a good choice.

Answer 2

A relatively easy way to build wealth is investing in the sharemarket by covered calls. Very easy, yet people just aren't taught how to do it.

You can get approx 3% return each month for relatively little risk.

Answer 3

Generally, the younger you are the more risk you can afford to make because you have a lot of time to make up losses, assuming of course, you lost.

This said, at such a low dollar amount, you will have limited capital so the best thing to do is 1. interest bearing savings account, 2. bank CDs, 3. Mutual funds.

When you get enough capital, you can begin to take on more risky investments to make higher returns.

At about 10,000.00 you can start thinking about the more common forms of money management.

- Bank savings/CDs (around 3-4 percent.)

- Business

- Stock market, on average 7 percent annually.

- Real estate, buying a home or you can buy REITS which is like buying stocks, so 7 percent annually.

- A a mutual fund will earn a little less than 7 percent after fees, however, you will not be exposed to the risk.

Answer 4

Play the lottery for ten years, you might win once!!