How to invest in Real estate, Guide for NRI;s
Tips to remote control your investment portfolio in India
Its art science and commerce when you have to manage your investment portfolio after all there is lot at stake. And for NRI Task is little uphill than the local residents because of your absence and unfamiliarity with the laws and the trends into entirely different business and cultural environment. Most probably you would have saved money to invest into right options.
Before you appoint somebody to as your financial advices, here are few key things that will help you in your way to perfect investment.
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First thing first; Priorities your financial goals, For example if you have parents living India and you remit funds regularly, than its good idea to invest in a monthly income scheme or a mutual fund which pays out dividend rather than cumulative or growth scheme
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Real Estate Mumbai
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As discussed earlier, I would like to add a little more dept to the discussion by saying , decide your long term goals. Eventually if you plan to come back to mother land the best would be consider investing into medium or long term growth schemes where the possibility is steady growth. Meanwhile put some money in equity funds so that your money grows than the cumulative effect of the inflation rate and any boom in property prices.
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If you are young investor, you should start with equity oriented schemes or in shares so by the time you plan to settle down, you will have build a decent portfolio. After you get settle with your life you should be thinking about investing in property or jewelry etc. Even if the value of your investments in equity drops, you can wait a few years for it to rise again substantially—age being on your side.
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Real Estate Mumbai
Flats In Mira Road
l If you're not exactly young, you can be a bit conservative in your investments. The key is to make sure that all your hard work and sacrifices of living away from home and family do not go down the drain. It would be better to invest in assets like gold and house property. This will take care of your children's marriage as well as ensure that you have a strong foothold in India and can come back and settle down whenever you choose to.
Several other factors must be looked at before you can strike the right balance between your needs, the money you have and the market conditions. With dematerialization of managing and trading in financial assets (demat accounts), it has become far simpler to have control over your asset portfolio. Most of your financial management can now be done over the computer, no matter which part of the globe you are in. The thumb rule to follow is: if in doubt, don't take a chance with your life's earnings. Rather, take professional advice and secure your present and your future financially.
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