Best Investment option for early starters?

Question

I hav begin my career just now. I want to start investing right away.
I want to know whaich is the best choise of investment for early starters like me? I m intrested in investing up to Rs.2000 on per month basis. please suggest a solution.

Answer 1

The best for early starters is "high risk high returns" category, such as equities. If invested wisely equities have the power to generate a lot of wealth. You need not have a big salary to be rich, just invest wisely and consistently.

In equities also there are small cap stocks and mid cap stocks which are much more riskier than large caps, but they can also give you multifold returns on your investment.

If you are comfortable researching companies, you can invest on your own, but I strongly suggest investing in a mutual fund focusing on equities.

To sum up I would suggest putting Rs. 1000 in a mutual fund focusing on small & mid cap stocks and Rs. 1000 in a fund focuing on large cap stocks.

Answer 2

Because of your youth, you can afford to take chances that you might not be able to risk later in life. So a large percentage of your portfolio can have speculative investments.

But, that wasn't your question, was it?

My Grandfather always said that Utilities, Real Estate and Bonds are the best foundations to build on.

However, the situation in Iraq and the Middle East is only going to keep turning against us, eventually causing the dollar and pound sterling to be dropped as the international currency for the purchase of petroleum.

Either the Eurodollar or the Chinese Yuan is going to step into the void (or perhaps both).

When this happens, the value of the dollar will crash (along with our economy).

IF I had that sort of money right now--and I were as young as you are--I would put at least 50% of my money into Eurodollars and/or the Yuan.

That is going to sound crazy to a lot of folks, but you have to be able to sort out the speculative from the inevitable.

This one is as inevitable as it gets.

Otherwise, you might do well to first open an account with a full-service broker and pay higher rates for a year while they educate you. Minimum investment.

At the same time, open a discount brokerage account and do most of your trades there (you need to give your broker a little action so they will continue to take your calls).

At the end of a year, pull the plug on the full service account and you are on your own.

Answer 3

nice company to invest