Tata Consultancy Services Ltd. , India's largest software exporter by revenue, posted an unexpectedly robust 29% rise in its fiscal second-quarter profit
There can not be a bad idea such as keeping your savings in fixed deposits at the bank at rates below 10%, when you are young, except for a small duration, say 3 months. As young people can afford to take risk they can invest their savings in the primary as well as secondary market and even if their savings is small, still they can buy in small quantity and enjoy the appreciation of their investment and even if they get a shock, still it is worth taking a risk as they shall be learning the lessons at a very young age without loosing big amounts. This is my 30 years experience and my annual returns has been minimum 30 % and sometimes even 100%. Even when the sensex crashed to 8000 I did not loose. Build your investment portfolio with long term prospective and after doing your home work carefully.Always watch your investment and harvest them periodically i.e. book your profit periodically without greedy.
There can not be a bad idea such as keeping your savings in fixed deposits at the bank at rates below 10%, when you are young, except for a small duration, say 3 months. As young people can afford to take risk they can invest their savings in the primary as well as secondary market and even if their savings is small, still they can buy in small quantity and enjoy the appreciation of their investment and even if they get a shock, still it is worth taking a risk as they shall be learning the lessons at a very young age without loosing big amounts. This is my 30 years experience and my annual returns has been minimum 30 % and sometimes even 100%. Even when the sensex crashed to 8000 I did not loose. Build your investment portfolio with long term prospective and after doing your home work carefully.Always watch your investment and harvest them periodically i.e. book your profit periodically without greedy.
Re: Savings
by shah bhai on Oct 15, 2009 01:08 PM
With kind of returns you have mentioned in your investment ,its only possible in money Laundering or smuggling .No other investment in the whole world gives this kind of returns.Now U decide what are you preaching.
TIPS OF A SELF MADE "Salaried wealth accumulator":- "Your money should always outlive your life"- is a classic banking adverisement quote for encouraging "Wise Investment savings".According to me, "wealth accumulation" for the "salaried Class" can only be gained by some degree of "Risk investment" which could be investments in "Stocks & Mutual funds" as also "Housing or Land".Keep youselves updated with the latest developments, which in 2009, thanks to the "Internet" is available to everyone, rich or poor.And from the "Horses Mouth" :- "ALWAYS TRUST YOUR OWN INTUITION AND INVESTMENT FORMULA,SOMETIMES,EVEN THE SO CALLED "FINANCIAL WHIZKIDS" COULD BE WRONG". Did any "Financial Guru or Wonderkid" ever predict "Economic Apocalypse 2008-2009"?
Re: And
by Raina on Oct 14, 2009 07:19 PM
I recently found A little known way to save a small fortune by 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 little known NBFC and private institutions which have access to low cost funds and can offer lower rates of 7.5-8%% fixed for entire tenure of the loan !
Re: Re: And
by Raina on Oct 14, 2009 07:20 PM
I changed from my banks interest rate of 11.5% to 7.5% from a Non Banking Finance Corp using one of my contacts. I'll be saving over 14.6 lacs over the next 15 years by changing over to N B F C. I can now save and invest this amount to earn more or repay the loan 35% faster than before.
Re: Re: Re: Re: And
by Anup P on Oct 16, 2009 01:13 PM
It will be nice if you people mention name and branches, so that others can follow, Thanks Anup.
Re: Re: A young Indian's guide to saving and investing
by Chandruuu on Oct 14, 2009 05:23 PM
A very good article, will be waiting for the second series
