Currently bank is giving around 20,000 (islamic bank) on 5 million saving
Can you guys recommend me any other safe way to utilize this amount for getting higher return
Your comments and thoughts will be appreciated.
Both monthly and yearly returns are in my consideration
Thanks
Well, from my point of view i would diversify my investments into different asset class: Like 50 % in real estate , 30 % in stock & mutual funds & 20 % in Forex trading ( forex is highly risky investment but generate excessive return if you trade wisely).
Real estate investment is considered safe investment and it also hedge against inflation, Stocks investments is somewhat correlated with real estate in a sense that if stock market is doing well then real estate also tend to do well. Stocks of blue chip companies are preferred & mutual funds also yield good return and lastly forex market which is highly speculative market but it returns are greatest of all i.e 120 % in a year but it requires expert knowledge ( Financial Analyst).I have invested my money in all these asset class and IMO Forex market is the most risky and rewarding investment
Cheers :)
Dear Akhter
I may recommend you investing your money in DHA Lahore. You can consider buying 5 or 8 marla plot either in DHA Pase - 8 Y Block or in Phase 9 town. I expect good return in a year time ranging from 1 to 1.5 million.Best of Luck.
Thank you Zohaib Tariq and Sana Ullah,
Dear Zohaib, i am already in forex, as well as in mutual funds :) ... Forex gave me loss already :D
Dear Sana Ullah , i will check current Market of Dha 8, 9
Zohaib,
it would be nice if you can share in which mutual funds you are investing ? currently i have portfolio of almeezangroup.
I would also be interested to know about the best mutual funds returns including the duration and risk.
Brothers visit www.mufap.com.pk/nav_returns_performance.php?tab=01
and check category wise how funds are performing..From my observation Shariah funds are performing as same or little well then regular funds.
After 1)selecting fund..2)check the group ..also ratings are there..but i like thing such as in the case where i see JS Islamic fund performing 10-20%better then other but i avoid because the group involved in SATTA and scandals and ongoing investigations on the group.
3).Availability:- All houses,institutes and banks have branches in all cities...they are selective...check availability.
4)minimum investments-Some offer as low as 10k and subsequent 500rupees.
5.Time period:- there is no specific time period you can get in and out any time any working day.Although there are funds which are capital protected most of them are having 2 years of time frame..but since these funds don't invest 100% in equity..return is comparative low..and 5% charges applied if redeemed before 2 year maturity.
- Charges:- Most of funds having 2-3% front end load with no exit fee and 1-2% annual fees
7.and the best is online access:- some(most) institutes offer you online access where you can see your portfolio and probably make redemption transaction.BUTTTTTTT only few offer you(may be wrong) offer to convert....yup that is very good tool.
Consider your fund management company is having 10 different funds and you invest in the best(most case Equity)...but you know political/financial/....etc is going to effect market...and then you don't need to exit..you need to convert to fund which is not equity base fund such as income fund..and when market recover or show signs...convert back...without paying 2%inital fees..as it was already paid.
Hope info is enough to start new thread :P
Regards,
waqas
Dear waqas,
can you please share your portfolio i mean in which funds you invested ... Currently i invested in all meezan bank funds with each 50,000 because i had a little knowledge about funds.
so funds are dancing at the moment :D
Invest in 10 Marla plot in DHA PHASE 9 ,you'll get the best return after three years
Hassan Niaz
03218880245
+923427450943
Lahore is currently most attractive city of Pakistan in terms of Property Investment. But what attracts more to investors is Return on Investment (ROI).
I will prefer and suggest the area of Mominpura (Ring Road) for investment. Right now the ROI which is proved to my other investors is around 25-40% which is very high as compared to DHA and Bahria where ROI is merely 1-2%....
Mominpura is 1km from ring road and 1/2 km from Lahore Orange Line Metro Train. You can get 9 marla plot in 1,710,000 Lac. .....
After metro train is started, you can sale with lot of benefits or make your home. For details contact Mohd Tanveer Dogar +92-306-9630393....
I have properties in low budget if you have interest feel free to contact 923134335297 and whats app no 923338645549