How to amass money?
What is the best way to make money of your money? I enjoy alot of money in savings but it isn't not making any interest, what should i do?
Answers: You can build your money active by diversifying and allocating it in different investment scheme such as,
1.
Equity (Direct investment in stock market by taking a demat portrayal and buying shares) :
You will get maximum returns but have large risks. But is a sure bet if you invest long term say 1 to 3 year or more.
Expected Return: 30% to 40% per year or more
2.
Mutual Funds: (Now a days nearby are different types of mutual funds like, sector oriented, capitalisation orient, trend oriented, diversified long term, gold ingots, the new real estate one, etc.)
30% to 40% per year from the 3rd year of investment.
Also nearby are two ways to invest in a Mutual Fund,
a. SIP : Here you can invest a small specific amount each month for a long time. And it will help out you Rupee Cost Averaging that is your money will buy shares through Mutual Funds all the time(when open market corrects and rallies). here the returns may some times decreases than normal Mutual Fund.
b. Normal Mutual Fund: Invest a big amount at first.
3. Fixed Deposit: They are guarenteed deposits and you will earn a specific % of interest.
Normally its around 10% also vary with respect to the period of investment.
Please see the below website for more details around investing. It may defenitely help you.
http://www.moneycontrol.com/planning_des...
http://www.moneycontrol.com/planning_des...
http://finance.indiamart.com/investment_...
Also one more entry is donot go for an Financial Advisors/Normal Agents of certains banks close to AXIS_(uti) , ICICI, etc. They will not guide you properly. This is from my and many others experience.
YOU NEED TO DECIDE YOURSELVES.
dont put it in reserves. Put it in a IRA or Money market it have higher interest than savings.
For your interview on how to save money. Dont use your credit card too much. Its going to hurt you in the adjectives. Although you need credit card to get appropriate credit rating just make sure you dont overuse it. Always be practical.
Contact a financial guru and he/she will tell you what's the best way to invest your money. It's pointles keeping your money contained by savings accoutns as you don't earn that much. maybe switch bank that offer higher interest
daveramsey.comfpu Invest within mutual funds.
ask parents to increase allowance through investment...but find the good one
bet it all on red do you want to invest?..please contact uty73(a)mail.ru and we can discuss surrounded by details
uty73
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Answers: You can build your money active by diversifying and allocating it in different investment scheme such as,
1.
Equity (Direct investment in stock market by taking a demat portrayal and buying shares) :
You will get maximum returns but have large risks. But is a sure bet if you invest long term say 1 to 3 year or more.
Expected Return: 30% to 40% per year or more
2.
Mutual Funds: (Now a days nearby are different types of mutual funds like, sector oriented, capitalisation orient, trend oriented, diversified long term, gold ingots, the new real estate one, etc.)
30% to 40% per year from the 3rd year of investment.
Also nearby are two ways to invest in a Mutual Fund,
a. SIP : Here you can invest a small specific amount each month for a long time. And it will help out you Rupee Cost Averaging that is your money will buy shares through Mutual Funds all the time(when open market corrects and rallies). here the returns may some times decreases than normal Mutual Fund.
b. Normal Mutual Fund: Invest a big amount at first.
3. Fixed Deposit: They are guarenteed deposits and you will earn a specific % of interest.
Normally its around 10% also vary with respect to the period of investment.
Please see the below website for more details around investing. It may defenitely help you.
http://www.moneycontrol.com/planning_des...
http://www.moneycontrol.com/planning_des...
http://finance.indiamart.com/investment_...
Also one more entry is donot go for an Financial Advisors/Normal Agents of certains banks close to AXIS_(uti) , ICICI, etc. They will not guide you properly. This is from my and many others experience.
YOU NEED TO DECIDE YOURSELVES.
dont put it in reserves. Put it in a IRA or Money market it have higher interest than savings.
For your interview on how to save money. Dont use your credit card too much. Its going to hurt you in the adjectives. Although you need credit card to get appropriate credit rating just make sure you dont overuse it. Always be practical.
Contact a financial guru and he/she will tell you what's the best way to invest your money. It's pointles keeping your money contained by savings accoutns as you don't earn that much. maybe switch bank that offer higher interest
daveramsey.comfpu Invest within mutual funds.
ask parents to increase allowance through investment...but find the good one
bet it all on red do you want to invest?..please contact uty73(a)mail.ru and we can discuss surrounded by details
uty73