Everybody wants to invest their money for a secure future. But the main problem is that many people don’t have an idea about the investment and they trap into a scam. Are you afraid about where to invest money or how to invest money? Do you want to invest your money for a secure future? If yes, then you are in the right place. In this article, you are going to learn about What is an investment, Where to invest money to get good returns, How to invest money in stocks, How to invest money wisely, How to invest money to make money fast, How to invest money in your 20s.
What is an investment?
Investment is a process of making your assets (that can give you return). It means that you purchase those things that are not in use for today, but will in the future or you can make money from there in the future. Generally, investment is termed as a source from where you can make money by selling at a higher price than you are purchasing today. But thee are various types of questions while you are thinking of to invest your money. Many times you may lose your money and get no return. Hence it is important to learn more and more about an investment before investing your money. You can also read more about Job vs entrepreneurship: Best comparison between them?
Where to invest money to get good returns?
Now you have already saved some much money. Now its time to learn where to invest your money to get good returns. There is the various way that you to invest money in India. According to economics times, these are the top investment option for you:-
Direct equity:-
It is a type of investment in which you purchase the stock of a company and start to share with them your percentage of profit and loss. Although it doesn’t benefit you in the short term, you will get a high return in the long run. You can also read more about Anger management: tips and strategies to control anger
Equity mutual funds:-
It is another type of investment in which you invest your money in mutual funds and they invest this money in share or stock of the company. Thus they can give you a percentage of that as mentioned in the term and condition agreement. Here your money remains secure but you can a good return on your investment. You can also read more about What is loneliness and what are the ways to deal with loneliness?
National Pension System (NPS):-
This is the best way to invest in your old age or retirement plan. In such types of investment, your money remains invested till you become of 60 in age. You are allowed to use you 25% of invested money before you turned to 60. You can also read more about How to become a mentally strong person: Tips and strategy
Public Provident Fund (PPF):-
It is a scheme of the India government, which also helps you to save your tax as well as to invest your money. From July 2019 to September 2019 the interest rate on such a scheme is 7.9%. Here your money remains secure and you get a fixed rate of interest. It is the best long term investment, where you can start your investment with Rs.500 to Rs.1,50,000 in a fiscal year. The deposits can be, made in 1-12 installments, in a year.
Bank fixed deposit (FD):-
It is a type of investment in which your money is invested for a fixed period. You get a high rate of interest than the normal saving account. Here your money remains safe and secure. No chances to lose your money. You can also read more about How to overcome distractions and focus on the work?
Senior Citizens’ Saving Scheme (SCSS):-
This is a government scheme that is offered to a person over 60 years only. The person should be an Indian resident. It has a fixed rate of interest. You can also read more about How to build self-esteem and self-confidence: tips and strategies
RBI Taxable Bonds:-
These types of bonds are issued by government companies in which you are provided tax-free bonds. These bonds were later on invested in the development of the infrastructures and are of long term investment. It is such a good investment as it is tax-free, that is the income that you get through this investment is tax-free.
Real Estate:-
These are the most popular type of investment among the people of India. Real estate includes the property constituting lands and buildings in which give you a high return in the long term. It helps you to generate a passive income.
Gold:-
In India, Gold investment is a traditional investment. Every family is investing in gold for decades. People find it much safe way to invest their money in. They invest in gold jewelry, bars or coins. Even the prices of gold vary, but they feel it less burdensome.
How to invest money in stocks?
Investing your money in stock can give you a high return, but they are really a risky one. Before investing your money in stock, you should always learn a lot about them. Never try to invest your money blindly anywhere. If you really want to invest your money in stock you should check that is that money really a surplus for yy and if you fail to get them back there is no problem. Then you can go for this investment. You can take advice from Robo-advisors, (a financial advisor for investment) before investing your money. Start with low risk and then gradually shift to high risk afterward. Play them safely with securities. You can also read more about How to be intelligent and smart enough to impress others?
How to invest money wisely?
If you really want to invest your money wisely then you should always keep these points in mind:-
- Invest your money at the beginning stage of your earning, irrespective of your age.
- Invest about 20% of salary as you get them, and save 30% of your money for your short term goals and emergency.
- Rest 50% of your money can be used for the daily expense.
- All your long term goals can be completed with the help of your invested money.
- Never try to give any kind of fees to the investment agencies or funds. there are many funds that can invest your money without taking any extra charges.
How to invest money to make money fast?
You should always know that there is no shortcut to be richer. Although there are some ways through which you can make money fast but they are of high risk. As already mentioned above investing in the stock market can make you rich fastly and it has a high risk. You can also invest your money in real estate, or lend your money or aby another money-making course. You can also read more about How to manage time: Time management Techniques and Strategies
How to invest money in your 20s?
Investing in an early stage can make your future bright. You need to understand the power of compound interest and how it can make you richer. You can also invest in yourself to learning about the investment. And always try to invest your money before letting them expense. Thus, as you have decided to invest at this small age, you need to learn a lot before investing. And start to invest your money where there is low risk and then gradually try to shift towards higher risk. You can start with an FD account, as it is safe for you at the age of 20s. You can also read more about How to reduce stress: Stress management Techniques and Strategies
Conclusion:-
From the above article, you have learned a lot about investment and Investing money for beginners. You get the idea about what is an investment, Where to invest money to get good returns, How to invest money in stocks, How to invest money wisely, How to invest money to make money fast, How to invest money in your 20s. Thus as you have learned all the concepts related to investing money safely, its time to do your First investment. Start with a low-risk one then shift to higher.
