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How much profit should i make?
I set up accounts for my neiceand nephew five years ago as trust funds.As of right now they have each only made six thousand in profit. Is that enough? This is supposed to be for there future but i hae no restrictions for education on it. WWould I make better profit in a 529 or education savings fund? It is a grwth fund and a mutal fund right now. Any advice o tips would help!!
The initial investment was 10,000. & into growth fun and 3 into mutual.
4 Answers
- 1 decade agoFavorite Answer
The Returns you have generated is very Poor. Much more is possible, If you are interested to trade in Indian Stock Market. There is product called IndexFolio with this website: http://www.apnanifty.com/ which says can get you returns up to 500% per annum. Just Try it.
Source(s): http://www.apnanifty.com/ - MorningfoxLv 71 decade ago
So 10,000 grew to 16,000 in 5 years? That's about 9.9% a year, which is VERY good, assuming that you didn't take on excessive risk. Is this after taxes, or before?
- Anonymous1 decade ago
that would depend on the initial investment
