‘Subra I am 43 years old, and live in a flat which I inherited. This house is now worth about Rs. 3 crores. I am planning to buy a new house for about Rs. 2 crores – for which I will make a Rs. 50L down payment. I hope to pay off the Rs. 1.5cr loan in about 14 years time when I retire.
Apart from these 2 houses I will have about Rs. 50L in ppf, national savings certificate, etc. This will provide me with Rs. 450,000 a year. This along with the rent that I receive will take care of my expenses.
What is wrong with a plan like this Subra? I do away with the need of knowing / understanding / investing in equities.
Of course I answered him….wondering what the readers of this blog think?
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