I’ve been a full-time trader since about 5 years now. Focussed only on derivatives.
However, the advice or ideas I require is for the cash segment.
We are finalizing to sell one of our properties within the next 15 days to a month, and I would like to use the proceeds in the market for a period of 360 days exactly.
Would it be prudent to put the money in FD or take a bit of risk in equity.
The approx amount that we shall be getting from the sale would be 82L.
I am looking at short term investment only and not looking at long term, since we need to reinvest in another property within 365 days,else we shall be liable for tax as per indexation.
I am also aware that STCG will cost me dearly ,but I’m hoping that the returns(-tax) would at least be 2-3% more than FD returns (- tax).
Can anybody suggest.
Just more info, I am not risk averse and I am fine with small/mid caps too, just not the penny ones at all.. so no YOLO..have a long way to go for a YOLO and too old for it.