Hi
My father in law taught me an exellent idea of investment through Bank fixed deposit.
Make a FD with bank and take loan on that FD and re-FD that loan amount.Repay that loan within a year and take another loan & repeat the cycle.
Eg:Make a FD of 50K with any bank. Interest,take for instance is 8%. Take a loan of 30K on that FD after few days and make another FD of 30K with bank @ 8%. Bank used to charge 2% extra on loan amount ie 10% in this case. I will be paying 10% interest and other side earning 8% on FD.So net impact of loan is 2% only probably cheapest in world.Also my networth increased from 50K to 80K.
After repaying the loan in a year. I can again opt for 30-50 K loan & repeat the cycle. I feel this very attractive option & safety is exteremely high.Such small saving plan may yield better fund in future & house wives can be invloved for these activities & formalities with bank.
Would request you to suggest your view.