I just don't get why everyone is so much against this fixed deposits even for this. Something like this could also be an option or government inner value papers, do we have something like that in India ? In other countries they gave like same income or a bit higher than fixed deposits.
Posts made by Punkeirang
RE: What are Short term Investment options & plans? For 1 to 2 years
RE: Can you tell if your Financial Advisor is worth it?
I think it really depends on the whole situation, if you are just some small man with some small money why on earth do you need some financial advisor anyway ? What he can advise to you that you can't DIY ? Other case where you are busy person and do not have time to deal with all that research
RE: What are best investment options for salaried person in India?
National pension fund I assume is on by default anyway, correct ? Are gold or silver deposits covered by some guarantee or what ? And yes all that stocks and mutual funds... you can even trade on forex, crypto and binary options LOL. I am all for fixed deposits.
RE: What are some good business ideas with low investment? For Beginners in India
I also think about mobile food cort, what do you say ? But you need to make all that hard work by yourself for first few month at least then you can hire somebody to help you with. Then you can make more corts in high traffic places. But all this should come with testing and solid business plan to catch up everything.
RE: How to get rich fast? 10 Personal Finance Tips
Nice post. Just to emphasise, all these things rotate around discipline. Without discipline, you can create a very extensive budget, but still fail to follow it. You must personally decide on what your goal is and how to achieve it, then go for that.
RE: Fixed Deposit vs Mutual Fund: Meaning, Risk, Liquidity & Taxation
But fixed good old deposits are still an option and are almost risk free. Why don't you make it like it's nothing with mutual funds you mututally gain or mutually loose. Yes, FD have taxes, not that high as it was rates and so on. But it should still be an option and always will be. Your parents know life and are correct about that.