Finally company received order in its favour. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0d5ab9bb-1741-42ad-ba31-fdd6a8da97ed.pdf

At least I am in the same camp, who believes in early retirement and financial independence. My heart and mind always said there is no point working until the age of 58-60, when the life expectancy is so unpredictable. Then, when are we going to spend time on ourselves or spend at least last few years with family or friends ?

With above thought in mind, I decided to plan my investments accordingly. But I was clueless where to invest for good returns. Then I did some research on various options, particularly FDs and Bonds. Today I am 49 and until last year my most of the investments were in properties and equity. While I continue to hold the properties, I shifted a significant portion of equity profits and liquid money to fixed income options. For me the investment journey of fixed income started at the end of 2022.

In my research, I realized there is no such thing called “risk free”. Its just that some carry high risk and some low. While bank FDs promised 6-8% pre tax returns, a good A/AA rated bonds were giving anywhere between 8-11% pre tax. Of course there are lower rated bonds which offer higher returns, but I was not interested.

As I mentioned there is no such thing called risk free, one may go for traditional govt schemes if you need absolute low risk for your investment, but then returns are not that great. At the end I was okay with some small risk but with a guarantee, so rather going for traditional govt schemes, I opted long tenure FDs (5 years) and Bonds (10 years) which are backed by the state government guarantee. Never put all eggs in one basket applies here as well. So I ensured maximum exposure to each state government is not more than 10lakhs.

So far so good. FDs are giving me 8% and will continue for next 5 years. Bonds are giving me 9-10% and will continue for next 10 years. I am always in search of new bond offerings that are guaranteed by the state government.

Today I am happy that my fixed monthly returns are higher than my monthly expenditure (I am not worried even if I resign from the job ).

Please do share your stories too.

It has been a regular sight when employees discuss about early Retirement and financial independence. My office is no exception. While we were discussing this Yesterday, we were trying to identify opportunities which would ensure risk free monthly income.
Are there any FDs or bonds or funds with monthly return/dividend on investment? How much is the return and how safe are these investments?
Can rent on properties be safer vehicle investment here?

I thought of seeking fellow VPers input on such avenues considering depth amd breadth of their knowledge. Do advise.

Petronet LNG seems to be in the same boat like Coal India 2 years back.
Its dividend yield is improving since P/E and P/B are both contracting. ROE has improved marginally after 2020 & 2021.
Main concern seems to be their capex plans in Petro-chemicals (looks like diversification in unrelated area) and usage of EV going up in next few years.

Stock has not moved much after 2021, and could be the right candidate to move in next few years.

Lot of patience is needed here.

PLNG may increase their presence in EV charging space, but that may not add meaningful revenues in near term. So mainly stock can go up only if P/B reverts to Mean.

Continue to hold the stock as long as Dividend Yield is above 2-3%.