1. Navratri Shlokas and Mantras - For all 9 Days of Navratri to Recite and get the Blessings of the Goddesses
    Dismiss Notice
  2. Take the 100 Days Positivity Challenge : Join Here
    Dismiss Notice
  3. It's Back-to-School time! No worries of agonizing over what to pack in Kid's Lunchbox....Here's 100 simple Kids Lunchbox Recipes
    Dismiss Notice
Dismiss Notice
Follow the discussion on experiences and tips in keeping Navratri Golu / Kolu for the 1st time in United States

Investments And Retirement

Discussion in 'Money Matters' started by faithgrime, Apr 21, 2017.

  1. faithgrime

    faithgrime Senior IL'ite

    Messages:
    28
    Likes Received:
    10
    Trophy Points:
    23
    Gender:
    Female
    I just turned 40 and thinking of my retirement as early as now. I also have no investments yet, what do you think is the best retirement plan and where to invest?
     
    dimple7 likes this.
    Loading...

  2. penpaal

    penpaal Gold IL'ite

    Messages:
    175
    Likes Received:
    233
    Trophy Points:
    100
    Gender:
    Female
    My plan is to invest in 3 houses if possible . One for me to stay and two to give on rent . Then I will have monthly income even after retirement .
     
    Umanga likes this.
  3. SGBV

    SGBV IL Hall of Fame

    Messages:
    4,326
    Likes Received:
    8,225
    Trophy Points:
    408
    Gender:
    Female
    I have already invested in a coconut land. I will continue to keep few families there by giving moderate accommodation facilities, so that they could work there and earn a living, while I enjoy the income. The estate value and the income increases each year. But well maintenance is important for the harvest.

    I have invested in metro lands already, but in the future I might sell them and deposit the money in bank for a monthly interest for my living.

    My H will have a decent pension too.

    But my passion is to start a business, and I have even selected a name for it. If I am lucky, that will be a great investment for the future. I am just 34, and I hope I have time to plan.
     
    Umanga likes this.
  4. Shanvy

    Shanvy Finest Post Winner

    Messages:
    22,496
    Likes Received:
    23,941
    Trophy Points:
    570
    Gender:
    Female
    Rental income is not a great plan as monthly income unless it ticks all the boxes of prime location, demand. the rent and return on investment, can never justify the investment cost
     
  5. penpaal

    penpaal Gold IL'ite

    Messages:
    175
    Likes Received:
    233
    Trophy Points:
    100
    Gender:
    Female
    What else are the best return investment do you think?
     
  6. faithgrime

    faithgrime Senior IL'ite

    Messages:
    28
    Likes Received:
    10
    Trophy Points:
    23
    Gender:
    Female
    Thanks for the replies. At first, I was actually looking for a retirement plan but when I read some of the responses, I began to consider real estate. I am not so sure though but what if I get a commercial real estate loans with the objective of having the property rented out or maybe buy and sell? Will it be a good investment for retirement?
     
    Umanga likes this.
  7. dimple7

    dimple7 Gold IL'ite

    Messages:
    1,951
    Likes Received:
    148
    Trophy Points:
    130
    Gender:
    Female
    good topic........
    Have you started saving?
     
  8. Ooviya

    Ooviya Platinum IL'ite

    Messages:
    2,406
    Likes Received:
    548
    Trophy Points:
    215
    Gender:
    Female
    investment in farm land is worthy??
     
  9. dimple7

    dimple7 Gold IL'ite

    Messages:
    1,951
    Likes Received:
    148
    Trophy Points:
    130
    Gender:
    Female
    sorry?? Farm land?
     

Share This Page