Topic: I've a house, purchased in 2002 with the home loan, which is completed now

This message was edited 1 time. Last update was at 30/03/2009 15:22:47

If I am selling that house, how this amount will be treated from income tax dept.? Also I want to invest this money in a high growth stock. Considering the current low stock market, is it a good way to get maximum returns?

If all your investments are skewed towards the house, that you have purchased for investment purpose then we suggest you to diversify your investments in various assets like equity, bond, cash equivalents. However, before taking such decision make sure that you have consulted Certified Financial Planner.

Should I buy a house for investment or put the money in gold? The current stock market doesn’t give good return and is expected to continue the same way. Please tell.

If you do not want to invest in stock market, you may invest your money in real estate or gold investment, however real estate is a very illiquid investment as it takes lot of time in buying and selling the real estate. Gold investment is another option. You may consider buying gold through ETF (exchange traded fund) option. Many mutual fund companies offer Gold ETFs, this is easier because you do not need to store gold. Also, the price is very transparent and very easily available just like mutual funds.

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