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Ask Mint | On investments

Ask Mint | On investments
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First Published: Mon, Jan 25 2010. 12 30 AM IST
Updated: Mon, Jan 25 2010. 01 11 PM IST
I have been holding 700 shares of Moschip Semiconductor at Rs70 for at least 2 years. What should I do? It’s not paying any dividend also.
Suresh
The stock is down from your purchase price. The stock has though bottomed in short term. However, I do not see it going past Rs14-15 in short term, while the long term target (1 year) is Rs24. You may consider liquidating a part of your holding in favour of a better stock which can yield you better returns.
I am 32 years old and a salaried person. I have around Rs14,000 monthly surplus which I am investing in mutual funds (MFs) through SIP route. My plans are
1.Buy a car of Rs4 lakh in 3 years
2. Childs higher education (Rs20 lakh) in 18 years
3. Build a retirement corpus of Rs1.5 crore in 20 years
I am investing around Rs14,000 in these MF through SIP monthly. Please suggest if these MF are good to achieve my goals or do I need to do invest elsewhere.
I am investing around Rs14,000 in these MF through SIP monthly. Please suggest if these MF are good to achieve my goals or do I need to do invest elsewhere.
Thomas
It is difficult to say whether you would be able to achieve your goals with this investment plan as the mutual funds investments are subject to a lot of market related risks and all the plans mentioned by you are growth plans, which carry higher risk. However, I can say you have fairly decent schemes in your portfolio, which can help you optimize your returns. You may also consider taking some insurance plans in case you have not opted for them already for some stability in investment.
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First Published: Mon, Jan 25 2010. 12 30 AM IST