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Thread: What is the best way to invest your savings??

  1. #1
    PolicyWala NewBie
    Join Date
    Dec 2010
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    bangalore
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    1

    Default What is the best way to invest your savings??

    Hi All,
    I am a very new member to this forum. Hence request you guys to excuse me if I have posted this query in a wrong forum.

    Now, coming back to my confusion: I have a savings of Rs.50,000 (I am currently unemployed and want to save this for my future) which I would like to split and invest for my future. Can anyone suggest me what is the best way for the same. I was planning for investing the whole amount in SBI Fixed Deposit scheme, but a friend of mine suggested that it would be wise to split and invest the amount. Will investing half the amount in FD from SBI and the remaining have in NSC be of any return value?


    Kindly help me overcome this confusion.



  2. #2
    PW Stalwart v.r.s.nathan's Avatar
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    Apr 2009
    Location
    Nagpur
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    250

    Default

    Smileawhile - Sorry to hear that you are unemployed at the moment. I would suggest you to keep the money in hand till the time you find a job for yourself. You have not mentioned your age/duration of investment in the query. (After finding the job) - If you are young(below 40), you can invest in Equity MFs or ELSS for good return.

  3. #3
    PW Stalwart >take's Avatar
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    Jun 2009
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    India
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    291

    Default

    Avoid any investment till you get a job.


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