[Hindi Jokes] Investment Option, How to Invest Your Money in 2014

Investment Option, How to Invest Your Money in 2014

New Year resolutions don't last long. Especially, if they have to do with money. But there's something in the January air that veritably invites you to plan, set goals, both short-term and long-term. While the right investment plan is customised to fit the investor's age, employment status, financial goals, time horizon and risk appetite, we have put together a general financial code, listing ideal investment avenues for you.

What better time to take stock of your finances than the start of a year?
Slow & steady
Systematic Investment Plans (SIPs) are an easy option to salt away money regularly without feeling the pinch. Pick two to three good funds and invest every month. SIPs do away with the need or effort to time the market, and their biggest advantage is diversification, allowing investment in all major industries and companies. You can also start small, since fund houses let you buy units with small amounts (starting at Rs. 500 per month). 

Double duty
Tax-saving mutual funds (Equity Linked Savings Schemes or ELSS) are ideal for those looking to save on tax. ELSS have performed better as compared to traditional instruments such as life insurance policies, National Savings Certificate and Public Provident Fund. They also have a shorter lock-in period (three years) as compared to the six-year and 15-year lock-in for NSC and PPF respectively. The best part? They offer higher returns (between 15 and 18 per cent per annum) in the long run. 

Real estate 
Property is a great investment – at any time. It always makes sense to cut out the rental outgo. If you can afford an additional EMI, try putting money in a small plot or piece of land. It could even be in a tier-1 or 2 town. The installment might seem like a heavy cross to bear right now, but it won't a few years later. And we all know this: If you rent it out, a portion of the rent can go towards the EMI.

Read More.........

--
--
To unsubscribe from this group, send email to
 
hindi-jokes-groups+unsubscribe@googlegroups.com
---
You received this message because you are subscribed to the Google Groups "Hindi Jokes Groups" group.
To unsubscribe from this group and stop receiving emails from it, send an email to hindi-jokes-groups+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/groups/opt_out.