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Samraat

Samraat Jadhav  |2228 Answers  |Ask -

Stock Market Expert - Answered on May 18, 2023

Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more
Mukesh Question by Mukesh on May 18, 2023Hindi
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Hi Samrat, I am 59 year old govt servant, After retirement, i would like to be stock broking agent with some good investment online company. Please give your state forward opinion on my choice, and suggest the best way for future.

Ans: Stock broking has moved towards more on technology and discount broking hence the revenue stream is less, i would frankly suggest you, become a Mutual fund agent rather than stock broking. Now-a-days mutual fund is a part of investments and people are ready to invest with the right adviser. The future towards mutual funds is bright.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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1 am aged 71 retired govt officer drawing pension about 37000 having small commitments monthly 10000 and having 50000 rs to investin trading having no other investments or savings and assets. Kindly tell me best advice even hearafter i can invest for short future.
Ans: Considering your age and financial situation, it's crucial to prioritize capital preservation and generate a steady income. Here's some advice tailored to your needs:

Emergency Fund: Maintain a separate emergency fund equivalent to at least 6-12 months of expenses from your pension.

Investment: With 50,000 for trading, consider low-risk options like fixed deposits or Senior Citizen Savings Scheme (SCSS) offering higher interest rates and safety.

Regular Income: Invest a portion in Post Office Monthly Income Scheme (POMIS) or Pradhan Mantri Vaya Vandana Yojana (PMVVY) to generate regular monthly income.

Diversification: Don't put all your money in one place. Diversify across various low-risk options to reduce risk.

Avoid High-Risk Investments: Given your age and limited savings, avoid high-risk investments like equities or derivatives.

Consult a Financial Advisor: Consider consulting a financial advisor who specializes in retirement planning to create a personalized investment plan tailored to your needs and risk tolerance.

Remember, the goal is to preserve capital, generate regular income, and maintain financial security during retirement. Always prioritize safety and liquidity over high returns given your financial situation.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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