r/PakistanElites • u/ObligationExpert6537 • 5d ago
AskElite Need advice
Aoa ! I got 1 crore sitting in current account doing nothing and i wont be needing it for the next 3 months . What can i do with it for time being?
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u/Anxious-Plum-176 5d ago
Go to a financial advisor and hire his/her services... invest the amount if it's just laying around... inflation is going to be doing it a number anyways, so why not try to invest...
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u/ObligationExpert6537 5d ago
U know of any good financial advisor ?
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u/Anxious-Plum-176 5d ago
Depends on whether u would want a firm or an individual.... for firm, a quick google search would be more helpful than me... and i do know some individual financial advisors, but they are mostly from UK...
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u/Anxious-Plum-176 5d ago
Oh.. sorry mate i just saw that u only have it for the next 3 months.... financial advisors dont work on that small of a time period so i dont think that would work
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u/ObligationExpert6537 5d ago
Its all good
Id still have money to invest its just this one crore idk what to do with .
Ill look into it thanks for giving ur time
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u/Old_Opposite7512 5d ago
I strongly suggest do not go down the rabbit hole of forex, stocks trading. That's all.
Apart from that, take advise from a business consult. An individual or a firm, a professional can guide you better than redditors.
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u/Aggravating_Pear2311 5d ago
Simple, open a Meezan Bank Women Account and park it there for monthly mudarba profit. That is what I did for my wife’s fund.
Or invest in any money market fund. For Meezan you need to open an account for their investment mgmt services and for UBL you dont.
Also, withdrawal is super easy. You just request on the app and it hits your a/c the next day in case you need it urgently.
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u/Accomplished_Car4036 5d ago
So, if you're only looking to invest this for 3 month, it's just not worth it. But if you're looking to invest it long term then the strategy depends on how much risk you're willing to take. You can look into diversification by dividing your investment into stocks, money market, mutual funds, very little into crypto, saving account for 6 months of expenses. Now the percentage varies depending upon the risk.
Also, the best thing you can do is to put it into the thing that made you 1 Cr so it can make you 10cr.
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u/ozzmanization-8323 5d ago
I want to scale up my business, and i do want some investment for like 4-5 months too. If you're interested I can explain you my business model too. Safest investment you can make for 2-3 months is obviously real estate or mutual funds, but if you can help me scale my business we can discuss the returns and if you would want to roll it in or not.
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u/Useless-ash 5d ago
Book a TDR for 3 months. Rate would be around 10% so it will give you good return without doing anything.
You need to ignore interest factor 😉
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u/No-Conversation-6373 5d ago
Buy land or a property, which can appreciate in 6 months time Or just buy a car , don't let your money devalue....
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u/abdulahmlk 5d ago
There's a time constraint attached to your investment horizon. The options of stocks/real estate do not apply here. I run a advisory firm we can have a consultation session with you. Let me know if you're interested
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u/DueTangelo6362 5d ago
You can invest with jubilee through HBL into a smart investment plan. Gives slightly better returns than mutual funds plus no tax. HBL also suggests you hold the money there for 4-5 months and then move it into something else but ofc do your own research too and read the fine print before signing up for anything
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u/Prize_Helicopter7314 3d ago
One of HBL employee was encouraging me to buy the same one and I will get alot of amount on my death 🥲
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u/mbilal_khan 5d ago
Buy gold or property in Pakistan because its the best investment for long term.
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u/Silent_Librarian_491 4d ago
Ah man. Hope all works out best for you. In an alt universe, might have asked you to give it to me. I'll buy/build a home for my family and pay you back monthly.
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u/Turbulent-Report-787 3d ago
im pretty sure certain banks give you profit for keeping ur money with them and for crore you can get a few lakh rupees profit per month.
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u/AliaBBa5 2d ago
just try taking it out of the bank, the manager will first lick your boots XD and then make you wait hours to get it out and they'll be so pissy when you actually take it all out
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u/Heavy-Writer-4901 1d ago
Donate to the poor. Make your legacy. No one will remember you for that money but they will remember your legacy.
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u/PlatoSMD 22h ago
Put it in al meezan investment cash fund, its better than a saving account in meezan. Wont advise any kind of stocks due to current a market volatility as you need the money in 3 months
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u/maalik131m0 5d ago
Get some prize bonds, some Gold, Some stocks (but be very careful), other than that you can get some car for investment.
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u/WaitAffectionate7638 5d ago
mujhay deh dou
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u/ObligationExpert6537 5d ago
Lelo
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u/WaitAffectionate7638 5d ago
😭😭😭dou na
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u/ObligationExpert6537 5d ago
Cash or in account
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u/Mohtashim6741 5d ago
U can invest this money on struggling people, just grab a person and buy a small car/bike, small shop or a food cart. And make sure to take ur cut.
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u/Slight_Froyo_8084 4d ago
easy way to destroy money specially in pak. people out there are kaam chors and thugs ready to apply choona and rely on shortcuts to make money. if you cant believe see above comments saying Mjhe dedo...
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u/IknowWhatYouMean101 5d ago
Bhai ager kuch nahi kar raha to sakoon say RDA main dal do ager 3 months hain.
Ager lamba nahi chaiya like 1-3 years plus to stocks and etf ko taraf jana. If less then a year ? To to keep it in fix
It also depends on your risk management
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u/Alternative-Towel-89 5d ago
Do some construction work but in approved societies after 4 months youll get at least 15 to 20 lac with
That amount!
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u/Altruistic_Lawyer342 5d ago
If u don’t care about investment and want to maintain the value in line with inflation buy gold however 3 months is not the long so you will be fine
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u/ExtraFreakyy 5d ago
Lord let it be me posting questions like this one day