Dear Sir, Please advice me with current portfolio allocation.
Age 53 Years. Dependent only 1 Son 14 years age and wife.
Real Estate : 1 Flats worth Rs 35 Lacs and 3 Shops worth 30 lacs each, all rented out, beside own residential flat. One Plot worth 70 lacs.
Mutual funds 50 lacs in debt & liquid and 35 lacs in Equity.
NCD 28 lacs.
Bank FDs 20 lacs.
Monthly surplus Rs 1 lac.
Please advise shall I Invest in Equity or Construct Residenial house on the Plot and let it out on rent. Predictable rent at least 10 k per month for a investment of 20 lac in construction.
Expected minimum real estate appreciation on plot is 50% over 5 years.
Without knowing your financial goals, it is hard for me to judge anything.
Sir, long term wealth creation is the goal.
Atleast 50 % assett can be taken for a long term like 5 years
For me any goal which is around 5 years, I suggest don’t touch equity.
i want around 1 CR for my son education fund by year 2023