I meet so many people who tell me investing is risky. I feel it is more risky not investing. I have made a chart for my self which help me were to invest. I would like to share this with you all:
- Real estate
Buying a property where appreciation is garenteed is always a great idea.
- Mutual funds
Good option as we are too busy with our work. I recommend taking an SIP of good funds, here we get a complete benifit of the market volatility. Moreover, we even get a tax break for this, so money saved is money gained. Also, care should be taken that the fund should be good performer and does not have hidden charges like too high entry-load exit-load. If you are young, better put money in ELSS.
- Share trading:
Put money in blue chip companies with good profits.
Note: The consistent profits made by a company will give good returns for a share.
Recommended book to read before investing:
a. One upon wallstreet.
- Fixed deposits
Good option for people who don’t want to take a risk.
- Chit funds
One of the traditional way we can make money. But there are very few chif fund operators around who are good.
- MLM.
One of the greatest way to make good money specially if it is a binary plan.
Books recommended for reading:
1.’Rich dad poor dad’ by Robert T. Kiyosaki
2.’Cashflow Quadrant’ by Robert T. Kiyosaki
Make millions and Happy investing.