Need Guidance On Financial Investment

Discussion in 'Money Matters' started by dimple7, May 31, 2017.

  1. dimple7

    dimple7 Gold IL'ite

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    Friends,
    I want to invest for short time and long term both.
    Can anyone suggest which schemes would be beneficial for both long and short term? (EXCLUSDING FD/ RD/ SB).
    How about Mutual fund? Any idea...?
    Tell me about the schemes (whether MF or something else) Aalong with the company name where to invest.
     
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  2. dimple7

    dimple7 Gold IL'ite

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  3. sonal1611

    sonal1611 Gold IL'ite

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    Yes , Mutual Funds are good..
    invest in ELSS scheme for tax saving purpose
    Even if u want to take risk , you can invest in Shares.. They are also good..
    Do invest in PPF if u r working .. its good for long term..
     
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  4. dimple7

    dimple7 Gold IL'ite

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    THANX.
    wHAT IS ELSS?
    YA PPF IS GOOD BUT SHOULD I OPEN THE ACCOUNT IN PSU BANK OR PRIVATE BANK?
    I DODNOT HAVE IDEA ABOUT SHARES
     
  5. Purple2017

    Purple2017 Silver IL'ite

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    Dimple, u can open ppf a/c in any psu....nowadays mutual funds are very common..they are less risky than shares..equity based mutual funds ' returns are tax free after 1 year..u join any broker's firm by opening an a/c...u can get information about mutual fund in internet.
     
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  6. dimple7

    dimple7 Gold IL'ite

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    tthnkzzzzzzzz
     
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  7. Shanvy

    Shanvy IL Hall of Fame

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    @dimple7 ask for suggestions never guidance in financial investments. It becomes a leading question that would attract agents and so called advisors to lure you.

    Tread with caution with your money. It is hard earned and you cannot blame anyone other than yourself for any decisions.

    That said and done.

    Your investment depends on your age, your requirements and % of your take home.

    Keep 50% in conservative investments when you are starting off or when you are close to retiring.

    Never keep all eggs in one basket.

    And invest in mfs, shares and other instrunents based on your risk apetite.
     
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  8. dimple7

    dimple7 Gold IL'ite

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  9. sshilpa200

    sshilpa200 New IL'ite

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    Personally, I would try to invest in an index fund. Most mutual funds will have an index fund which has a lower yearly expense. Also keep in mind, to go for the "direct" option which means you have control over the mutual-fund instead of having an advisor(regular option).
     
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  10. dimple7

    dimple7 Gold IL'ite

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    but i dont have any idea in MF or shares, so how do i control funds....plz explain
     

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