POSTED BY August 20, 2012 2:07 am COMMENTS (14)ON
I am very new to investment stuff.
I am 22 years old now, and I plan to invest 2-2.5 L per year. Mainly for long term, but with some withdrawals(approx 10L) after 5-6 years.
I am putting in 3.5k per monmth of PF also.
I also have a 4.5 L education loan with 14% interest rate.
Whare should I invest my money?
Mutual funds? — why and of what type?..how to predict which ones would be stable for the long term?(someone also recommended gold/silver)
Should I concentrate on finishing off the loan first?
What are the other investment avenues I can look into?
My idea was to first finish the loan and then get into equity MF..is it right?
Thanks a lot 🙂