We are planning to invest some money for our daughters future. Friends some guidance pl. Where can I invest and in which will I get more profit when she comes for her college studies. She is 7 now . Thanx Lakshmi
Re: Investments Hey guys, So far no replies from anyone of you. pl suggest something like LIC plans and give them in detail. Thanks Lakshmi
Re: Investments sashmita, i have taken a LIC policy for my 4yr old..Its Jeevan chaya policy.. Lic has some policies for NRI kids too.I donno th details cuz i had taken my policy when we were in india.. :wave Ramya
Re: Investments Dear Lakshmi, I sent you a PM. I'm not sure if you received it for my I could not find it in my sent folder. Pls let me know.
Re: Investments Hi, If you some money, invest in property, you can sell it whenever you need and good returns is guaranteed. ~Punitha
Re: Investments Sashmitaa Have you looked into 529 plans - these are state sponsored plans where you can invest in age appropriate investments - since your daughter is quite young, you can put invest in these plans - the advantage is that when you take it out and use it for college tuition, it comes out tax free - meaning, you do not pay any tax on the appreciation. You can check Minnesota College Savings Plan. State rules vary and hence I cannot speak for MN - but I live in KS - any amount that you invest in such investments also get a deduction at the state level when you prepare your income tax return. I would strongly urge you to consult with a tax professional or investment advisor before you invest - so that you know exactly what you are getting into. There are some schools where you can pay for "prepaid tuition" - not sure how that works but I have heard of it. I would definitely start with the 529 plans. Hope this helps.
Re: Investments Hi Friends Thanks for the information about the investments. Will go thru all of them and hope will find one to invest. Thanks once again Lakshmi
Re: Investments Lakshmi, If your interested the recent Money plus from lic is good. go through it. love, shanthi.
Re: Investments Hi Sashmitaa, Check this link out for investments for kids in LIC of india: Life Insurance Corporation of India and select the Childrens Plan as per your needs. Hope to be of help. Diana
