I have not been a business man, neither have my parents/grand parents/andabove
Been a worker, lifestyle styled around monthly income.
I am a private employee --> high salary, faster burnout, riskier job profile, dangerous road ahead, NO PENSION
Govt of India has set the lowest salary as 5000pm (~may be a few hundreds more) for govt servant code name Mazdoor, under the 6th Pay commission.
One way to get that much is to buy companies which pay dividend consistently.
Answer - PSU Banks
2012-2013 - The Dividend paid by Indian PSU banks is close to 4~5% of market price, which means I have to invest 16L to get a dividend of 60K per annum.
2013 post June, the Banks have been hammered to a level where the Dividend payout of last year to CMP is around 9~10 %.
I have bought Indian PSU and others this year and I am proud to join the Mazdoor fraternity.
1) Indian Bank
2) Syndicate Bank
3) Dena Bank
4) Andhra Bank
5) Union Bank of India
6) Bank of India
7) IOB
8) Corporation Bank
9) Tata Investment Corporation
10) Tata Elxsi
11) IndiaBulls Securities (40% dividend paid in 2012-2013 -- un believable!)
Achieved. What next? Risky investments expecting returns to match my salary by next year.
Been a worker, lifestyle styled around monthly income.
I am a private employee --> high salary, faster burnout, riskier job profile, dangerous road ahead, NO PENSION
Govt of India has set the lowest salary as 5000pm (~may be a few hundreds more) for govt servant code name Mazdoor, under the 6th Pay commission.
One way to get that much is to buy companies which pay dividend consistently.
Answer - PSU Banks
2012-2013 - The Dividend paid by Indian PSU banks is close to 4~5% of market price, which means I have to invest 16L to get a dividend of 60K per annum.
2013 post June, the Banks have been hammered to a level where the Dividend payout of last year to CMP is around 9~10 %.
I have bought Indian PSU and others this year and I am proud to join the Mazdoor fraternity.
1) Indian Bank
2) Syndicate Bank
3) Dena Bank
4) Andhra Bank
5) Union Bank of India
6) Bank of India
7) IOB
8) Corporation Bank
9) Tata Investment Corporation
10) Tata Elxsi
11) IndiaBulls Securities (40% dividend paid in 2012-2013 -- un believable!)
Achieved. What next? Risky investments expecting returns to match my salary by next year.
