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Investment Besides Joint Investment With Hubby

Discussion in 'Money Matters' started by PLK, Jan 14, 2020.

  1. PLK

    PLK Silver IL'ite

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    Well the title might be little confusing, but let me clear it out.
    I have been working from past 26 years and have no issue with whatever my husband invests our money in. But offlate I started getting a feel that I should do some investment where I would have control over where to spend the money, besides whatever we are doing together. We have had in Real-Estate, Mutual Funds, Bank deposits, Gold, Equity,Insurance already.
    My target would be for my son's education who is in grade 10 right now. So ideally I would need this in 2 years time. FD interest rates are pretty low. Mutual funds, I do not understand much.
    Any suggestions?
     
    KashmirFlower likes this.
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  2. Amulet

    Amulet IL Hall of Fame

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    Describe how much was invested in each of the above, and how have the investments worked out over the years. You may have answers in your own experience.

    Your risk tolerance, your location (india or foreign), and the amount you have to invest -- would be some of the critical factors you'd need to divulge to get any useful advice.

    You have some money that you'd need in about 2 years, put it in a safe investment that is unlikely to crash in that time frame, and enjoy your child's progress through these critical time of college preparations.
     
    PLK likes this.
  3. PLK

    PLK Silver IL'ite

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    Out of all options, Funds have done best in past. But I have zero knowledge about that.
    Bank FDs DH suggests not to as returns have reduced comparative. Real Estate is noy easy for liquidity.

    I want low risk good returns. India/Foreign no issues. Amount might be close to 50L

    I hope he sails smoothly in his education.
     
  4. ragzz

    ragzz Silver IL'ite

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    you want the impossible. low risk is low return, higher risk of money loss means higher return, and highest risk is highest return.
    if low risk, good return, then whole world will do that :laughing:
     
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  5. PLK

    PLK Silver IL'ite

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    Lol
    Buddy, I meant good returns not high returns..I even dont mind it keeping as it is, as long as I am quick with the money withdrawal.
     
  6. EverydayBloom

    EverydayBloom Silver IL'ite

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    I would say High-Yeilding saving account would be best bet in your scenario, as putting it in investment accounts will be riskier with in short period and also it will be taxable while withdrawing.
     
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  7. PLK

    PLK Silver IL'ite

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    I am trying to search but it seems I can't find high-yield savings account in middle-east where I live. Can you elaborate?
     

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