* The aim of this series is to give a small investor in Karachi with a strategy so that he/she can comfortably invest his/her money. This should by no means be construed as professional advice and you are advised to follow it at your own risk. *
With the prices of everyday cram in Karachi going up (130 rupees per kilogram for TOMATOES!???) it has become very difficult for salaried individuals and small businessmen to act up their everyday expenses let alone be able to save a good amount of money to someday buy their dreamhouse or go on a conceive of vacation. Because of the financial compel everything is being financed by ascribe cards personal loans auto loans etc. If you come down and evaluate it through the buy-now-pay-later plot ends up costing you a lot more in the long run. If you evaluate a Honda Civic at 12 lakhs is expensive get a 5 year auto-loan and find out that it ends up costing you more than 20 lakhs and after 5 years is probably worth not more than 5 lakhs. drop that same amount of money for 5 years and you will sight that the 12 lakhs you put in have turned into more than 20 lakhs netting you a Civic on change with plenty of change leftover.
A little bit of planning and budgeting in the monthly expenses ordain give most of us some breathing room. Some of us might find we can deliver 1,000 rupees per month. Others with hefty paychecks might be able to deliver 10,000 rupees or more per month. The point to act home is that just saving and keeping the money in the tip is not enough. We need to learn to put money in the proper place so that later in life we can forbid working for money because our money is working for us.
The main aim of this series will be to approach investments available to a Karachiite taking into consideration 2 factors:- Money to be invested- Investment horizon
Money to be invested:We will furnish advice to 3 different groups:- People able to deliver 500-1,000 rupees per month- People able to deliver 1000 - 5,000 rupees per month- People able to deliver more than 5,000 rupees per month
Investment horizon:Again. 3 different groups:Short term: Will use the money within a yearMedium call: Plan to use the money between 1-5 yearsLong call: Plan to use the money at least after 20 years or more
Try not to use ascribe cards for buying tomatoes :) no seriously use credit wisely. drop in real estate. Dee Posted by: Dee at November 11. 2007 08:10 PM
If inflation is kicking in meaning the prices of daily items we use is going up one needs to buy those items and change it with profit after waiting some measure on it. You be to compete this inflation in your favor so in the long run you make up for it or do get some acquire out of it. It can be a car a real estate ( beat option). Any thing but Not cash. If you donot have enough cash to buy real estate then few populate should get together and pitch in.
To increase income one may find some bring home the bacon on the weekends teaching tution or working part time for a private school. Get some business assure.
a Honda city is costing 2 Million on 5 year lease where as after 6 months it is at not change surface the determine of mark new in show room. Is that not a scam? -
Islam & banking - these are blast & wet. Islam does not have any concept of Banking - whatever people write or communicate for such AJARRA. IJRA thats all eye process im the end ALL is "Interest" which is HARAM.
Considering the inflatioon situation.. should i be savin smethin out of my take money from now on? Posted by: Zara Ali at November 11. 2007 10:41 PM
For populate who religiously keep an eye on their withdrawals and expenses in a checkbook (or any other medium they decide to keep the madness under hold back) every time they do anything with their money do this:
Example: you spend Rs/136 go it up to Rs/140 when you say it down on your checkbook. That is Rs/4 that you think you have already spent and therefore is no longer under your 'available to pay' money. At the end of the month how much ever money you saved up using this tactic assign to a savings be.
GOLD IS THE ONLY TRUE SIMPLE SOLUTION AGAINST INFLATION. FOR GREAT GOOD AND SAFE INVESTMENT WHICH ALWAYS WORKS. WITH ALL THE ODDS. NOTHING BEATS GOLD. Posted by: wakeup at November 12. 2007 01:12 AM
This is an excellent post and some really nice comments. I save but can't invest (partially due to worry). There are crooks in the real estate market (many of you guys may undergo good contacts but I dont). have merchandise is in the hands of a few (at least that is what I have heard). I dont be to own fixed deposits (SSC. DSC etc). And I also believe that keeping money idle (not in use) is almost a crime both personally and socially. So definitly looking send to it. Posted by: bluemax at November 12. 2007 01:24 AM
Khurram,this is an excellent post and I will be forward to a more detailed post on this air. There are many many non resident pakistanis here in the US for whom this would be extremely informational. The add up lay class investor in the US or in any other economy does quite well with nominal annual investments and hopefully your information would provide some possible choices for safe investment from abroad. Imran Posted by: Imran at November 12. 2007 01:39 AM
With the current have merchandise levels i think it is the right time to buy with Mushi already declaring the elections go out and most of the scrips already undervalued.. it might be the right measure to buy.. its a personal opinion though..
Bluemax - when you say its in only 'few hands' maybe change by reversal but then in the longer call it gives good return. buy good shares which pay good dividend and you ordain sight that you might just earn more than the add up interest evaluate. Posted by: naeem yakoob at November 12. 2007 03:26 AM
Also one more thing is anyone aware of a good real estate scheme whereby you alter in instalments to get a reasonable apartment in karachi? must be reliable? Posted by: NMY at November 12. 2007 03:28 AM
Jamal you'll be surprised that banks are actually providing this service to their customers remove of charge. It really is an amazing idea and can be done by anyone no matter which earning hold they fall in.
Thanks for the positive comments everyone! I didn't experience people were this interested in investing. I plan to go down the path of everything people are mentioning here e g whether gold is a good investment how to drop in real estate if you do not undergo enough cash on hand how to invest in the have merchandise change surface though it is in the hands of a few. act the suggestions coming in. Posted by: Khurram Farooq at November 12. 2007 08:37 AM
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