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A look at some highly profitable investment options by financial advisor
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A look at some highly profitable investment options |
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Finance & Investment
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In a country like India, all of us are flooded with distant relatives friends and colleagues who think its their moral obligation to provide free advice. We often hear a friend asking us to buy property in ‘Outer Noida since its going to come up very soon or a distant Chachi Ji advising us to buy gold just because the prices are expected to shoot up by next year. In this world full of advice. it becomes difficult to think which advice to choose and which ones to discard. Agreed that a couple of colleagues might be good at handling money but that might speak of their managerial skills not their investment expertise. Heres a look at some of the most profitable investment options you can invest in. After getting an overview of the major types of investments. you can do a bit of research for yourself and indulge in some personal investment and see if it works in your favor. • Real Estate: Real estate investment requires a lot of money but is also an investment that will fetch you the most amount of money later on. Its no longer a secret that property prices always appreciate even when the market is not so favorable for other investments. The longer you keep a property with you, the more commanding prices will it fetch. If you have enough capital to do make the down payment, purchase a plot of land or an apartment at an upcoming area. You can always pay the remaining amount in the form of EMIs. • Stocks and shares: A lot of people are glued to channels like CNBC TV18 throughout the day till the time the market closes. During the course of the day a lot of financial pundits appear and give investment advice to callers who wish to invest in shares. You might follow these channels for a while to get a hang of various investment trends. This will ensure that you know the market condition before investing in it. As a word of advice, you can also read business magazines that are published weekly as well as monthly. They will give you a fair insight into the business world. • Long term savings: Long term savings include Fixed Deposits, national savings schemes and depositing money in your savings account. The more your money stays in such accounts, the more your money grows. Its in fact a basic law of investments – the longer your money stays invested the more it multiplies. Thats why people emphasize on long term savings while giving you financial advice. As you can see there are a lot of options to choose from. Its entirely up to you on how you make an investment plan and go ahead with it.
Related Articles -
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