Hai everyone.I am going for my postgraduation this year. I wont be getting any Stipend during that 3 year period. However I would like to do Savings & Investemnts as I am nearing 30 now!!
my plan is to invest Rs 3600/yr in Provident fund- regarding Mutual funds & Shares , I have not decided as i dont have much money
I am worried regarding getting a partimejob during my rigorous pg course.Also, I am taking loans to fund my studies-In spite of all these, should I go ahead with my plan .I am really worried as when i finish my course i will be 34 years & still wont be having any savings/investments.
I would like to hear an opinion from all of your dear guys& gals out there regarding my decision.
2007-03-10 03:33:36 · 4 answers · asked by joe 1 in Business & Finance ➔ Investing
First and foremost look at the expenses you will be paying to invest in the Provident Fund - I see it is based in India - I can't find the expenses listed. On any mutual fund, it will be listed as an Expense Ratio and includes management fees, 12b-1 (for marketing) fees, etc. Anything under .75% (point 75 per cent) is good. High expenses on an investment ERODE returns over the course of time and it's mostly invisible. It means that less of your money is working for you. If you're 30, I would recommend one of the Target Retirement funds from either Vanguard or T.Rowe Price based on the year you will retire - in your case, you would want the 2040 Fund. They have provisions for foreign investors. I would recommend finding a lower-cost investment if it's in a bank CD just to give you time to build up money and learn about investing before diving into something that's going to be costly in time. I would certainly start saving now - you're still young and have the advantage of time. Good Luck!
2007-03-10 04:20:37 · answer #1 · answered by stklotto 4 · 0⤊ 0⤋
Better not do investment in market because you are already investing in your education. Returns will be thousand times more. You don't have extra money too. You can use 3600/yr for books.
If earning something extra bucks, better choose mutual funds at this stage.
2007-03-10 04:17:32 · answer #2 · answered by funfun f 1 · 0⤊ 0⤋
Yes u should, why not for better life. Invest in Euro-America Index - Providing the best solution .Go here http://www.eaindex.com/cmgk2058...
You can start as low $20, max is no limit.
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2007-03-10 17:28:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋
you should always invest - if you can afford it - pay yourself first and invest what you can. Try a variety of stocks, bonds and mutual funds - Vanguard is a great place to start - no fees involved but you should start investing now
2007-03-10 06:07:33 · answer #4 · answered by ekleinert 3 · 0⤊ 0⤋