I want to invest my retirement benifits in such a way that it grows and is available at short notice.Pl. Advise
Answer:For a retired person, it is important to take care of two things: Monthly income and inflation-adjusted growth of the portfolio. The second objective can be achieved through investing in equity stocks/ mutual funds. Looking at large cap stocks/ funds and/ or dividend yielding stocks is a good idea to look at; so that the risk is comparatively lower and dividends help in the monthly income requirement. In order to have funds available at short notice, you must always keep a percentage of your portfolio in liquid mutual funds or other liquid investment. For a full retirement plan, fill out our financial planning profile and request retirement planning.
From Your Expert @ InvestmentYogi