Where to Invest? How to Invest?

Plan given by ranjan is really nice., Any financial planner will advice you something like that...

I guess you are investing in Mutual funds systematically (like 8000 PM in SIP).. If yes then good , else please invest in SIP and also in atleast four to five funds which should be Largecap , Multi cap , balanced and mid cap... I will not suggest you to invest in Dept funds considering your age (24 yrs)..

Elss funds is best way to invest if you are ready to invest for long term (min 3 yrs) as they have lock in period...

Learn about stock market in mean time and try to invest when markets go down to 16000 levels as in long run you will get nice returns

And side by side invest in PPF and Bonds to save tax as all other incomes are taxable ,

To get higher returns, you have to accept higher risk. Don't start buying individual stocks. You are competing against investment professionals, and you will not win. Buy a maket index ETF like QQQ, which invests in an index and has very low fees. You are investing in the market as a whole. Or, buy a mutual fund, and you pay a fee (a percentage of your money) to the managers for picking your stocks. If you think that you can choose the professional that will pick stocks better than all the other professionals, then buy a mutual fund, and the increased return will be worth the increased fees. Do not fool yourself into thinking that you can pick stocks better than the pros. If there was a high-return, low-risk investment, the pros would already have jumped on it, bidding up the price until the expeected return matched the expected risk. Open a Roth IRA. Put money into it. You will not get a tax deduction now, but the money will grow tax-free, and when you take the money out, you won't pay tax on it. Your tax rate when you retire is almost certainly going to be higher than your tax rate now, so this is a good deal. (If you think your tax rate will be lower in retirement, put your money into a regular IRA, which gives you a deduction now, but the money is taxed as regular income now when you take it out at retirement.) Put the money into an index ETF like QQQ. DO NOT sell every time the market drops. You want to buy low and sell high, and selling when the market drops is the opposite of that.

Since you have just started your career, I would like to suggest you a long term investment plan.

Avail all the tax ememptions provided under Income Tax Act(80C, 80D, etc.).

Then your long term investment should be like this:

1. Liquid cash(Savings Bank Account),

2. Fixed deposits, which are of semi-liquid nature and are available in case of need.

3. Provident Fund/Pension Account for old age and for tax saving,

4. Public Provident Fund for tax saving.

5. Insurance Policy for the benefit of dependants and for tax saving,

6. Bonds etc. (Tax saving bonds are also available)

7. A House,

8. Units of Mutual Funds,

9. Shares(only a small percent of savings).

10. Gold(There is a custom in India to gift gold jewellery to wife, daughters, sisters)

First save tax fully under section 80C - Maximum 1 lakh

PF + PPF (maximum 70,000) + ELSS + Life Insurance ( TERM PLAN ONLY)

Save Tax under 80D

Maximum Rs 15000 for mediclaim for self and family . Take individual policy from a PSU like The New India Assurance Co . Additional exemption of Rs 20,000 available if you have dependent parents ( one of them is a senior citizen)

Save tax under 80 CCF

Invest Rs 20,000 in INFRA BONDS

Invest in property by taking a bank loan. Interest repaid in a financial year upto Rs 1.5 lakhs is fully deductible from gross income.

Invest in direct EQUITY.

There are various ways of investment, you can invest in FD, RD, Stock Market, Commodity Market, Mutual Funds.

You should look for ETFs, they are cheaper than mutual funds and you will have the flexibility to invest in various securities, various strategies:

ETF permits all sorts of strategies:

Industry/Sector

If you want to bet on a particular industry or sector, you can do it thanks to ETFs.

For example, you can invest in the banking industry or in the Health care sector.

Commodities like oil or gold

Before the creation of ETFs, it was difficult for individual investors to invest directly in commodities.

Now you can invest in agricultural commodities, metals, oil, gas and precious metals.

International markets

Thanks to ETFs, you can now invest easily in a foreign market.

For example, it is very difficult for a foreign investor to invest directly in the Chinese booming economy. With an ETF, you can invest in various Chinese indexes.

Bonds

Investing in bonds requires lot money. For example, some bonds are sold at $50’000 a piece. So for an individual investor, it will require a considerable sum in order to create a diversified bond portfolio.

An ETF permits to invest in bonds, in various strategies related to fixed income investments (Corporate bonds, high yield bonds and international bonds to name a few).

Currency

If you are an individual investor and you want to invest in currencies, you must open a Forex account. Thanks to ETFs you can invest in currencies with you regular broker account.

Small, medium and large cap

If you believe small companies are better investments than large capitalization companies, you can invest in ETFs tracking small capitalization indexes.

Short the market

If you think that the stock market will fall, you can place this can of bet thanks to ETFs.

Invest with leverage

With ETFs, you can invest more aggressively with leverage up to 3. You can invest in any kind of securities with leverage (equities, bonds, commodities, real estate).

Leveraged products are risky investments, if your bet is correct it can help you to multiply your gains but if you are wrong you will also multiply your losses.

Invest in Hedge fund strategies.

Recently some ETFs have been created to track certain hedge funds strategies. Thanks to this new support, hedge funds strategies are not reserved anymore to professional or rich clients.

no problem you can investment with small amount by working for it little

Best Investment site is here

my current membership status:

since you preenrolled, 2 PAID MEMBERS and 156 Preenrollee have already been placed under YOU in the Powerline!

I invested small but the explosive system give me great feedback!!!!!!!!!!!!

Good luck to your investing journey!

sharemarket is the best slowly invest in long term shares first before starting trading

what about insurance have got it if not atleast 10 lakhs you should take policy

if you want then try tata aig mahagold it is excellant but likely to be closed shortly so if you want then hurry up