...to save money and invest in FD. Or in bluechip shares in energy, healthcare . sell 50% of stake at every profit level of above 15%, rest ride it till it stops going up and buy if it drops down to low valuation .
Re: A Better Investment Is...
by Almighty on Jun 29, 2009 03:37 AM
Another great way to save and create more wealth is to stop paying high interest rates to banks on home loans etc.
The best way to get out and stay out of high interest rates of banks is by using some of the NBFC and private institutions which offer lower rates of 6.5-7.5%.
I changed from my bank rippoff rate of 12.75% to 7.5% from private finance company using one of my contacts. I'll be saving over 16.4 lacs over the next 15 years by changing over to private finance company. I can now save and invest this amount to earn more or repay the loan 35% faster than before.
why work to make the bank richer at your cost ? If interested in lowering your interest u can contact Sujith 09980807164
Re: Re: A Better Investment Is...
by vikranth kalva on Jun 29, 2009 11:42 AM
Dear Sujith I think NBFC`s charge flat rate and Banks diminishing rate of interest, you can always paymore and reduse your debt in bank but in NBFC you just cannot even if you want it is useless.I think you are paying nearly 14% in real time for the NBFC loan.
They will only email you when your premiums are due...twice and thrice.....once you give it....they don't care whether you even recieved acknowledgement of your payments or not....
Then they are silent for one year and will not give you any fact sheets or regular updates on status of funds.....
