i'm not married n live wit my parents,so i need not spend on either family or rent, i just spend on transportation,entertainment n mobile.
2006-09-15 21:48:35 · 11 answers · asked by simran v 1 in Business & Finance ➔ Investing
there are several investment avenues and very simple :)
you have not mentioned the place your from????? say roughly after taxes and all cuts you get and all your expenses you have 6-7k in hand. its a good saving on a monthly basis.
1) POST OFFICE SAVINGS- MONTHLY
2) RECURRING DEPOSIT IN A BANK- MONTHLY
3) SYSTEMATIC INVESTMENT PLAN i.e. YOU INVEST A FIXED SUM OF MONEY EVERY MONTH IN MUTUAL FUNDS Eg: Rs 500/ MONTH
4) INVESTING IN STOCK MARKET FOR A LONG TERM i.e. MINIMUM OF 3-5 YEARS IN GOOD STOCKS.
ANY OF TEH ABOVE FOUR YOUR SAVINGS WILL BE EXCELLENT
all the best
do welll
:)
2006-09-15 23:57:37 · answer #1 · answered by renireyo 2 · 0⤊ 0⤋
You have no committments now. Save as much as possible.
You can go for post office FD, LIC, mutual funds and shares.Decide a ratio according to the risk you can taken
2006-09-16 05:06:00 · answer #2 · answered by ~~Y~~ 3 · 0⤊ 0⤋
Hi
Put 20% in LIC regular endowment type policies
10% in unit linked pension plan_Market plus (LIC)
10% in equities like TCS, Infosys, BHEL, L & T, Bajaj Auto, Bharti Airtel etc
v_b2003@yahoo.co.uk
2006-09-16 05:06:09 · answer #3 · answered by VIDYADHARA B 2 · 0⤊ 0⤋
U can Invest in Mutual Funds ,Shares, Infrastructure Bonds(i.e. in long term Bonds ) very much helpfu for u.
2006-09-16 04:52:36 · answer #4 · answered by sudhi's 3 · 0⤊ 0⤋
In one year you can manage 100.000 inr.then talk to a good adviser in a foreigner bank.they have lot of financial instruments that is good to invest in.India is Most popular country in Asia right now.
2006-09-16 04:56:19 · answer #5 · answered by ghreewala 4 · 0⤊ 0⤋
This Question's answer only give gujarati people.Because gujarati people have a ability to create ((Ek ka Dus)).I think u must found gujje and your all problem solve.
2006-09-16 08:54:38 · answer #6 · answered by anjoyindia 1 · 0⤊ 0⤋
you can save about Rs.8k if it is your monthly income and parents are not always wrong because you are at this position because of your parents
2006-09-16 04:58:12 · answer #7 · answered by vishal_100mani 1 · 0⤊ 0⤋
...try to cut the mobile cost....save as much as possible....divert your fund in, say, KVP, Bank's FD(cumulative) & in Mutual Funds& obviously in LIC.
Best o'luck.
2006-09-16 04:53:19 · answer #8 · answered by saumitra s 6 · 0⤊ 0⤋
Look into a 401k plan to invest in.
2006-09-16 04:52:56 · answer #9 · answered by Anonymous · 0⤊ 0⤋
do you think u can save?
Alternatively, u can save even if your salary is 1k. it is only the mental make-up in humans.
2006-09-16 10:05:46 · answer #10 · answered by shyamala 2 · 0⤊ 0⤋