You might have just hit your early 30s, or it has been only a few years with your new job, but someone or the other might had already suggested you to start investing. Investing is an excellent option to develop your wealth for the future.
Not only an investment helps you to grow money for your future but also at present investment does not demand a lot of money to get started. You select the right investment option, and these small amounts of money will be turned into fortunes over time.
But in the market, you might come across many investment options. You must have faced the question of investing money and how you should do so? Following are the investment options:
- Mutual Funds-
Mutual funds are good for those who desire to balance both their returns and risks. The SIP mutual fund is the most preferred investment option nowadays. - Public Provident Fund-
This tax-free, safe and long-term investment money gets locked for 15 years and on which you earn compound interest. Such total money accumulated over the years is handed over at the end of the maturity. - Stock Market-
Many investors opt for the stock market. As you buy a stock of a company the company when it earns profits pay you a portion of it as dividends based on the number of stocks you hold. - Bonds-
Bonds are like you are giving a loan to the company. And you will earn money in the form of interest which the company will pay you for lending the loan. Bonds are less risky than stocks. - Physical Commodities-
You can also invest in physical commodities such as gold or silver which offers safeguard against tuff financial crunch. You can choose from a gold deposit scheme, gold bar etc.
