How to become rich: Top 10 investment options for New Year that can make you rich

If you wish to become rich, make a plane, and start investing early. All of us wonder how we can make money without much effort. However, only a few follow the winding path towards becoming rich. To become rich, a person needs to have a good financial plan and also learn how to invest. Once you learn the art and science behind making idle money work for you, you will have a better chance at becoming rich effortlessly. Needless to say, one can become financially stable if they inculcate the habit…

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Top investment options for Senior Citizens: Find out what benefits you the most

Here are the top 3 options you can choose from depending on your need: The risk appetite of individuals changes along with the expectations of returns. People who have saved for retirement face the challenge of not outliving their savings that they have accumulated over the years. To stay clear of this, financial experts suggest opting for financial instruments that minimize the risk of investment and also give assured returns. There are various financial instruments in the market that offer special benefits to senior citizens — not only limited to…

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Amid falling interest rates on FDs, these 4 investment options offer up to 8.6% interest rate

New Delhi: The Reserve Bank of India has cut the repo rate for the fifth time in a row to give a further boost to consumption and private investment in a bid to revive growth as inflation remained within the central bank’s comfort level. The RBI cut the repo rate by 25 basis points to 5.15%. Following the suit, banks have cut interest rates on loans and fixed deposits (FDs). A fixed deposit is among the most preferred investment option among senior citizens and retirees. State Bank of India (SBI), the…

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5 top investment options for millennials in 2019

Successful investing is about managing risk, not avoiding it, said Benjamin Graham, a British-born American investor who was known for his theories on investment. His quote has become a mantra for several Indian millennials who seek exciting investment opportunities in lieu of textbook options. Experts explain that the herd mentality’ in investment, where children follow the path shown by parents, has witnessed a sharp reduction. It indicates that young investors are now looking for diverse options rather than opting for traditional fixed deposit or tax-saving post office schemes. Most youngsters…

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Father’s day: 5 investment options for fathers to secure their children’s future

Archit Gupta The batch of 2018 of the IIM-Ahmedabad, India’s bluest of the blue business school, will shell out close to Rs. 20 lakh as tuition fees. This shows a steady rise in cost of education. Gold, which is considered as one of the safest and most liquid investments and inevitable in Indian weddings, too underwent a drastic price hike. In the year 2000, the price per gram was around Rs. 440 per gram. Currently, it stands at around Rs. 3000 per gram. However, you can beat inflation – by…

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5 best investment options to build wealth without taking too much risk

Every person needs to make financial planning his top priority today and save for the future. A wise man once said, “Make your money work for you, instead of working for it.” The old adage has held true till date because it aptly highlights the importance of financial planning. Financial planning is more than just monthly or yearly budgeting. It takes into account not only a person’s current needs, but also his future requirements. Still financial planning is a low priority for a majority of people as they perceive it…

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