POSTED BY October 3, 2013 5:23 pm COMMENTS (3)ON
I read your book titled ”5 Things You Should Know Before Investing” from Bestsellers18 from CNBC TV18.
I would be grateful if I could pick your brain for a while, regarding investment strategies for a person starting out. A little background about me first;
Name: Biswadeep Chakravarty
Age: 22 yrs.
Monthly Income: 30,000 INR Per Month
Investments: 40,000 INR in FD in 2012, will mature in 2015 @ 9% Compounded Quarterly
As you can see the investments made by me are in FDs which are obviously safe yet don\’t really give a rate of returns.
Now, I would like to know what other options do I have in terms of investing further. I would like to invest in a recurring manner (I believe they are called SIPs, correct me if I am wrong), in an instrument which would be growth oriented. I am young, and I can invest an initial amount of at least Rs. 5000 p.m. I am looking at a rate of return of 12% p.a. I would like to be invested for a minimum period of 5 yrs.
Goals I have in mind on the horizon, are buying a house, wedding plans, then maybe a sports bike(will probably have to be before the marriage right? 🙂 )
Glad and grateful if you could give me some insight!