I need reliable investment options with less risk
Give it to me -I'll double in 25 days
Laxmi chit fund
I have been trading in the market for the past 3 years now if you want to learn and then do it then just let me know i can suggest some resources. But again you will have to do the hard work and trust me it will pay off big time and i am not talking about actively trading you can do it passively and still can compound your money at a rate you would never imagine. But again it's a lot of hard work.
I just read 1 of your comments that you dont want to invest in the stock market but if you are open to the idea i mean just look into it i am not suggesting you to invest just look into what i am going to suggest with an open mind :)
I am curious about this. Please enlighten a bit more on how / what to do for compounded gains in trading
I don't want to invest in share market or mutual funds. I want to invest in other options. Don't want to hold myself into market trap. Other reliable investment options
Okay then you should go for debt funds. They are not risky and right now they are able to give 8% return if you can find best funds as interest rate peak has came.
Your return can go upto 12-13% in debt funds if you hold for 2-3 years
Open account into 3-4 small finance Banks, who are offering good FD interest of 8.5+%. Distribute your 15 lakh among those 3-4, making sure to keep it at max 4.5 lakhs in one. Upto 5 lakhs is RBI ensured, so you can go for any small Banking, or NBFCs. I tried it too, but those small Banks just don’t let me open bank account easily (they took detail online and will call back, God knows when).
Sounds to me u don’t want anything market linked. Then go for FD
Have heard Laxmi Chit Fund is pretty good, not sure if they are still around
The wealth should not be inherited.
I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.
Seeing the comment section,I realise I am broke.
I have close to 15 lakhs sitting in my bank account. Where should I invest to get stable 15-20% returns pa with minimal risk.
Hi all , I have some 10 lacs of savings which I don't want to keep idle in the bank for obvious reasons, I need suggestions on where I can invest for the next couple of years with Medium risk involved. TIA.
I've always lived paycheck to paycheck, but I want to start investing.
Where do I even begin? What advice would you give to a complete beginner in personal finance?