Hi. I am 68 yrs old and running my own business. Need sourse of regular income.Where should I invest around Rs 15 L.Not having any investment in stocks at present.

Ans: Firstly, I must commend you for your entrepreneurial spirit and your dedication to improving your financial situation.

Investing wisely can indeed be a pathway to greater wealth, and your willingness to explore options is admirable. With your current financial position and aspirations, it's essential to approach investment with caution and diligence.

Before diving in, take a moment to reflect on your risk tolerance and investment goals. Understanding these will guide your decisions and help manage expectations.

Now, with your budget in mind, let's explore some potential avenues for investment:

Consider starting with diversified mutual funds or index funds. They offer a balanced approach to investing, spreading risk across various assets.
Explore the stock market cautiously. With thorough research and guidance, you can identify promising companies poised for growth.
Peer-to-peer lending platforms can offer attractive returns. However, be sure to understand the associated risks and choose reputable platforms.
Investing in yourself is also crucial. Consider furthering your education or acquiring new skills relevant to your business or industry.
Don't overlook the potential of online businesses or e-commerce ventures. With your business acumen, you may find success in this rapidly growing sector.
Remember, patience and persistence are key virtues in the world of investment. It's essential to stay informed, adapt to market changes, and remain disciplined in your approach.

Lastly, never hesitate to seek guidance from a Certified Financial Planner like myself. We're here to offer expertise and support on your journey towards financial success.

Keep your spirits high, and trust in your ability to make informed decisions. Your commitment to improving your financial situation is admirable, and I'm confident you'll achieve your goals with perseverance and sound planning.

Ans: At 67 years old and with a comfortable income of Rs 45 lakhs per annum and no liabilities, you have the opportunity to optimize your financial resources for wealth preservation and potential growth while considering your retirement years. Here are some suggestions tailored to your financial situation:
1. Retirement Planning: Given your age, it's crucial to prioritize retirement planning and ensure a steady income stream for your post-retirement years. Consider allocating a portion of your income towards retirement-focused investments such as Senior Citizen Savings Scheme (SCSS), Fixed Deposits (FDs), or Annuity Plans to secure a regular income post-retirement.
2. Income-Generating Investments: Explore income-generating investment options that provide regular cash flow without significant risk. Consider investing in dividend-paying stocks, mutual funds with a focus on dividend income, or debt instruments like Corporate Bonds or Debentures that offer regular interest payments.
3. Healthcare and Insurance: As healthcare expenses tend to increase with age, prioritize adequate health insurance coverage to mitigate the financial impact of medical emergencies. Consider purchasing a comprehensive health insurance policy that covers hospitalization, critical illness, and other medical expenses.
4. Diversified Portfolio: Aim for a well-diversified investment portfolio that balances risk and return potential. Consider diversifying across asset classes such as equities, fixed income instruments, real estate investment trusts (REITs), and gold to reduce overall portfolio risk.
5. Tax Planning: Explore tax-efficient investment options to optimize your tax liability. Utilize tax-saving instruments such as Senior Citizens' Saving Scheme (SCSS), Tax-saving Fixed Deposits, or Equity-linked Savings Schemes (ELSS) to maximize tax deductions under Section 80C of the Income Tax Act.
6. Estate Planning: Review your estate planning arrangements to ensure smooth transfer of assets to your beneficiaries. Consider creating a will, establishing trusts, or setting up a succession plan to protect your assets and facilitate their transfer according to your wishes.
7. Consult a Financial Advisor: Given the complexity of financial decisions and the need for personalized guidance, consider consulting a Certified Financial Planner (CFP) or a qualified financial advisor. A professional advisor can assess your financial situation, understand your goals and risk tolerance, and provide tailored recommendations to help you achieve your objectives.
Overall, focus on preserving capital, generating a steady income stream, and mitigating risk while making informed investment decisions aligned with your financial goals and retirement aspirations. Regularly review your financial plan and make adjustments as needed to adapt to changing circumstances and market conditions.

Ans: Hello, glad to see that you have retired at the age of 50yrs
According to me , you can have the following strategy :
Mutual funds - 2.27crs
FD for emergency money - 25L
Gold - 20L
Stocks ( super aggressive ) - 15L

Your Mutual fund can have SWP started of 1L per month which is about 5.3% per annum
Funds that can be selected for the mutual fund portfolio :
1) Mid cap - 30%
2) Small cap - 30%
3) Multi cap - 15%
4) Large and mid cap - 15%
5) Equity Hybrid fund - 10%

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Let me know if you want more clarity for the same on my LinkedIn Profile
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app