Invest Wisely
After the huge success of some organization in making people aware of investments, now people are almost ready for the blast in the share market and already seen the craze for that, people are now tending to invest in share markets as it looks cool and making profit make gives them a boost in investing all their money and that’s the biggest blunder ever. The people don’t want to explore other types of investments available and safer than shares. The trend looks viable for people, they want instant profits all thanks to the makers of the scam 1992 Harshad Mehta story. The impact they have created on the mind of people, now its just jump into the market without any analysis and some online applications are even making that more simple by sharing all the analysis.
But what about a common man who earns 50000 per month with on hand, he may not be having that much amount money to lose and as we all know, one should only invest the money which he is ready to lose in the share markets, taking a risk doesn’t suit in this case so what about them aren’t they allowed to invest for their long term goals. Yes, they are but the share market is not only the option there are various schemes and policies available for the long term investment without any risk or even in case of risk it’s too low.
So now let’s go through some of the alternatives of shares for investment in the long term.
- UPIL(Unit Linked Insurance Plan)
This gives you the dual benefit of insurance and investments, also this is a tax exempted plan. This will be in a lock period of 3-5 years, part of the premium goes towards the insurance and the rest in investments, you don’t need to take a check this will be made by the institutions with whom you have the plan.
- Public Provident Fund (PPF)
This is one of the most secured long term investment, again it’s tax-free. This has a term of 15 years, the service is provided from all PSU’s and post. Consider one thing before putting in the money you can withdraw only after the 6th year ends, But you can take the loan against that balance.
- Mutual funds
For long term this the a very prominent investment as that gives high returns in long period of time. Various institutions are available for this they will invest behalf of common people this financial institutions will invest in equity and debt market as per your choice, mutual funds has higher risk but trusting the financial institutions for long term will give higher returns too.
Other list
- Bank FD’s
- Real estate
- Direct equity
- Rbi bonds
- Gold ETF
- Post MIS
- Arbitrage mutual funds
- Term deposits
- Debt MF’s
- Recurring deposits
- SIP
Other than share market lots and lots of options are available for investment much safe than the shares and giving probable profits in a long run. One more important thing that people neglect is that as soon as they start earning they will go for invesment in all this but the most important investment is not getting money in returns, the most important thing in investment is so for insurance, term insurance, medical insurance etc. These are most important ones.review you goals and needs of future, consider how long you can invest and plan things accordingly.
