MouthShut.com Would Like to Send You Push Notifications. Notification may includes alerts, activities & updates.

OTP Verification

Enter 4-digit code
For Business
MouthShut Logo
38 Tips
×
Supported file formats : jpg, png, and jpeg


Cancel

I feel this review is:

Fake
Genuine

To justify genuineness of your review kindly attach purchase proof
No File Selected

Invest to make millions
Mar 08, 2007 07:40 PM 8553 Views
(Updated Jun 12, 2008 06:02 PM)

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:




  1. Real estate




Buying a property where appreciation is garenteed is always a great idea.




  1. 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.




  1. 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.




  1. Fixed deposits




Good option for people who don't want to take a risk.




  1. Chit funds




One of the traditional way we can make money. But there are very few chif fund operators around who are good.




  1. 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.


image

Comment on this review

Read All Reviews

X