Investment Tips (5 Best Investment Plans To Make Money): It is often seen that people have enough money but they do not understand what is the way to earn more money from this money. People give them half-baked information and by following it, they often lose their money earned by hard work.
How do I invest my money to make money: If you have enough money left after fulfilling your essential requirements every month, then it will come to your mind that if you invest this money somewhere and earn money then it is fun. Come on. Is it not, then let us tell you the 5 ways where you can get more returns by investing money.
1. Income Funds
If you have cash to invest and are not going to need it soon, then income funds can be a great option. In this, according to your convenience, you can invest money for short term, mid term or long term. You can get up to 9% interest on this.
2. Equity mutual funds (arbitrage funds)
Such mutual funds have a direct fund, sell at a maximum price. In this, investors can get interest of up to 8-9 per cent. If you maintain the investment for a year, then there is a tax rebate on the returns.
3. Government Bonds
If you are looking to invest and do not want to take the risk, then government bonds are one of the best options. While you will get interest of only 5-7% in banks, the rate of return in these bonds is 8-9%.
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4. Direct Equity
Putting money in the stock market and facing the risk is not enough for everyone. Although the risk here is high, but the rate of return is also not low. Currently, you can get returns of up to 8-13 per cent in equities for 1-5 years. However, you will need a demat account to invest in it.
5. Real Estate
You have a sizeable amount and if you want to earn money in the next 3-5 years by investing it somewhere, then the option of real estate is not bad. Here you can buy a land or house either alone or in partnership with the partners and after the market is up, sell it at the right time and earn a good return. However, there are some intricacies in it, which you can understand together with your property advisor.
A wise man has said, “Let your money work for you rather than work for money.” The old saying has remained true till date because it correctly demonstrates the importance of financial planning. Financial planning is more than just a monthly or annual budget. It not only takes into account the present needs of a person, but also keeps in mind future needs. Financial planning is still a low priority for most people because they feel it is a complex task.
On top of this, many people believe that planning for a secure future prevents them from meeting their immediate needs. This is not the right approach as financial insecurity can become a serious source of stress later. Therefore, it is necessary to do financial planning with which to save and invest for the future, so that life goals can be kept in mind. Here are some of the best investment routes that are not only safe, but can also help in meeting your financial goals (5 Best Investment Plans To Make Money).