We often get emails from readers. Senior citizens are also among them and it is heart breaking to see that few of them have not managed their money well. Few readers have run out of their retirement corpus. Following is a brief advice given for a senior citizen NRI outside India.
Senior Citizen Investment Advice
Question : I am retired Canadian citizen who has lost lot of amount in 2008 crisis. To recover I always try to find safe investment opportunities in India which is my native country. I am here with my family for last 22 years.
Can you suggest me some good options for investments in India so that the investment will remain safe & ROI (return on investment) will be fair enough to beat currency exchange loss & inflation. Your views are matured & valuable which I easily mark at the age of 70. Anxiously await your response for NRI investments. Your response to my feelings will be highly appreciated.
Its regrettable to hear you had lost money in the stock crisis in 2008. Always look for strong fundamental alpha ideas at reasonable valuations to make good money. Else, go for the trusted route of well-run mutual funds. Since you’re retired try to allocate more to fixed return instruments rather than stocks.