Investment: Now is the right time

We need to start our investments as early as possible. Now is the right time to start the investments if we are earning.

We should create a diversified portfolio to minimize the risk involved in investing. We can invest in Fixed deposits, recurring deposits, gold, government bonds, mutual funds and stock or any combinations to create wealth.

Once we have created a portfolio, it will start generating incomes in the forms of interests, dividends and capital appreciation. The financial portfolio will reach to a stage of it being working hard for us to cover our monthly expenses too.  

Investment: Other fixed deposits

Investors can invest in companies, financial institution and non-banking institution for a certain period. These companies and institutions pay higher interest to the investors.

Investing in the fixed deposits by the companies and non-banking financial institutions is not easy as the minimum investment amount is higher than the fixed deposits by the banking institutions.

Investment: Post Office Savings Schemes

Investing in post office is also a safe investment. There are various saving schemes as well as National Savings Certificates.

We can invest in fixed and recurring deposits.

PPF can also be invested from any post office. 

Investment: Fixed and recurring deposits

The amount saved for six or more months should not be kept in saving account.

We should convert it to fixed deposits. It is easy to break the deposits as and when there is any emergency and the fund is required.

We have an option of sweep-in and sweep- out wherein the excess money is automatically converted to the fixed deposits. The last deposit is broken if there is any withdrawal.

Recurring deposits can be initiated where a fixed amount is deducted from the savings account and credited to recurring deposit account every month on a scheduled date for a certain period.

The principal amount along with interest is credited to the savings account on maturity of both fixed and recurring deposits.