A fool and his money are soon Parted? Not so fast!

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Spending is fun...whats life without a little gizmo shopping ;-)

All I wanted to say was lets try not to end like those americans who spend every penny they earn and then some they dont even earn (credit cards).

After you invest in some and then spend the rest, you will enjoy your toys a little more as you wont have this nagging feeling that you dont have enough savings/investments for a rainy day :-)
 
Chief-Techie said:
on the lines of money & investments... i know i am not going put a single paisa @ the stock market

wat are the options on investment ? i meant something that gives a bigger return compared to savings bank but still safe :)

i know real estate(Land) is one,but they dont give loans for buying land :( :(
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You can always go for Govt. bonds. They are safe (backed by govt) and give far superior returns. Ofcourse you can only do that using the cash you have. Loans wont help here.

I never though I would support ULIPs before but they actually saved my ass when the stocks were crashing (I immediately switched over 80% of my ICICI Prulife to debt funds). This is only possible with ULIPs as they give you an option to move your funds between stocks/debt funds. While my MFs and ELSSs were going down my ULIP was a bit safe.
 
Gold just crashed recently. It might be an okay time to buy. However looking at the market conditions, I guess its gonna crash even further :P.
 
I myself have never liked risk based investments like the stock market or MF. My investments are only spread across PPF(70k/year), Life Insurance (30k/year) and a huge chunk in Fixed Deposits. The growth rate for my money is pretty low, but least I am not in a tension or distracted from work like my colleagues who invested in the stock market.
 
Lord Nemesis said:
I myself have never liked risk based investments like the stock market or MF. My investments are only spread across PPF(70k/year), Life Insurance (30k/year) and a huge chunk in Fixed Deposits. The growth rate for my money is pretty low, but least I am not in a tension or distracted from work like my colleagues who invested in the stock market.
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I back that up. My investments are also in the PPF and FDs only. And a upgraditis. 8-9% of my whole salary is burnt by my bike and car. Then some weekend treats with my parents. Well I will agree to one point that greenie some how managed not to fall into the stocks and in quest for gold.

The growth rate for my money is pretty low, but least I am not in a tension or distracted from work like my colleagues who invested in the stock market.
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One more thing even if there is no growth rate atleast principle is safe. That way tension free.
 
Best place to invest right now is in PPFs and FDs, IMO. Ditto, I put 70k into PPF for benefit under 80c, and the remaining 30k in a tax saver MF. I've put a fair chunk in FDs as well.

Word of advice, don't invest in Gold or precious stones right now, they're going to crash in value in the next 5-6 months. Family business, so we're in the know ;)
 
i invested 1.5L in stock. it went till 2.4L in 4 months time. Mostly IPOs. Then fell to 2.1L. I wanted to keep but had some requirements so withdraw the money.

Thank goodness for the requirements... But still i would say now is the ebst time to invest.

regards
neo
 
^ It may not be possible for married individuals running a home and paying EMIs through the nose and other orifices !
 
Kneo said:
^ It may not be possible for married individuals running a home and paying EMIs through the nose and other orifices !
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Well, thats the optimum figure..You're free to experiment..

why not spend less and cut on the emi's that way..

Either way, not my place to tell anyone how to spend money, so jus told optimum amt to save, i know 2 oldies who stayed by this principle, enjoyed when they were young and now when they are old, even then fully secure..One even showed me his old "hisab" book:rofl:
 
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