I am a finance person..So i would like to share some tips with you all on investing your money.
-Cut your credit cards into two pieces....i am not kidding,i am serious.
Why should one spend money when there is no money in your Bank A/C.
Spending money on credit leads to piling up of more and more debt.
-Put your money in Fixed Deposit.It is the most hassle free thing.No tension and only gain that to be security of your principal invested.
-Mutual funds...well certainly i hate them i like anything,because the people who manage mutual funds they invest money in equity ,bonds and debt instruments ,that means you dont know where your money is going into. Equity poses 100 % risk of losing your principal investment.
-PPF -I love it because the interest generated on PPF investment is tax free in INDIA. Plus the interest rate has been raised by 0.25% from 8.50% to 8.75%. Also the interest is compounded.What else can one asks for.
-Real estate:- Right now the real estate market is languishing ...so buy at cheap prices and sell on rise.
So hurry up !!!
So think over .
Hope you like these tips..Do write in your comments.
-Cut your credit cards into two pieces....i am not kidding,i am serious.
Why should one spend money when there is no money in your Bank A/C.
Spending money on credit leads to piling up of more and more debt.
-Put your money in Fixed Deposit.It is the most hassle free thing.No tension and only gain that to be security of your principal invested.
-Mutual funds...well certainly i hate them i like anything,because the people who manage mutual funds they invest money in equity ,bonds and debt instruments ,that means you dont know where your money is going into. Equity poses 100 % risk of losing your principal investment.
-PPF -I love it because the interest generated on PPF investment is tax free in INDIA. Plus the interest rate has been raised by 0.25% from 8.50% to 8.75%. Also the interest is compounded.What else can one asks for.
-Real estate:- Right now the real estate market is languishing ...so buy at cheap prices and sell on rise.
So hurry up !!!
So think over .
Hope you like these tips..Do write in your comments.
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