Techie News

  I am a salaried employee and here are where I invest my money health insurance -  hospitals are costly . They drill a hole in your pocket . Buy health insurance right away for everyone in your family . life insurance-  another important investment . My life insurance is done by my company , I took another insurance from TATA AIA Both these insurance can be claimed while filing an ITR . FD -  I have this simple rule . I save some amount every month in an account I do not have a debit card for . As soon as my savings hit 50k , I make a recurring FD of that money . I haven’t decided how or when I will use it , but I’m just doing it RD- start  an RD of as much money you can easily shell out of your pocket every month . Since I have no specific goal, I just chose an RD which gives me the best interest rate , without having a time frame in mind Emergency fund  :  The goal is to have an amount that will take care of your monthly needs for a period of 3–6 months in case of sudden layoff . mu

F irst you have to know the some basic terms:- EQUITY MUTUAL FUNDS:- means basket of stocks, which is managed by well qualified funds manager for their management you have to pay some fees, which are called as expense ratio.. you can invest into mutual funds via two mode which are as:- A. SIP B. LUMSUM in sip, you. can invest your money on regularly, fortnightly and monthly basis in lumpsum, you can invest your money in one time.. i recommend you, before doing investment, below mentioned points you have to clear:- A. know your risk apatite B. decide your investment as per your risk profile C. clear your goals, as per your investment D. are you willing to take risk for more return historically seen that if you stay more than 7yrs, there are 99% chance that you will get positive return over a period of time… but seen that more than 50% people take out his money form mutual funds, before one year, reason is that he come to get quick return,… but he forget that investment into mutual funds