I am a retired government officer of age 64. I have investment of around 4.00 Cr in various savings instruments like FD, PPF, MF, SCSS and Post Office Savings Scheme. I get monthly pension of approximately 1.00 Lakh. Both the sons are settled and doing well.
I do not foresee any financial disturbances as we both are covered under our health services scheme.
My questions are;
1. Should I consolidate my investment and put in reputed bank’s FD?
2. Should I spare some money( say 10 Lakhs) and do stock trading ? If yes, what are the best safe stocks which can give reasonable returns over a period of 5-6 years.
Ans: at this age i would suggest you to consolidate and place in reputed bank FD and STAY AWAY from stock trading, at your age stock trading is injurious to health and wealth both. Also would suggest you to visit a SEBI Registered Investment Adviser and get your entire portfolio checked once. Following is the link to find one in your local area, https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=13