Most people file their income tax returns and are feeling relaxed, because till next January - February They do not need to think about tax planning and investment. In this age of competition We all very well know that how we have to work to earn money. Thankfully we can put our full attention on his work. Even if we think for direct investment,We choose the path where most people (friends – family members) make investment.Like we invested in Unit Investment plans back in 2006-07, In later years we started investing in stock market and Now we all are thinking to invest in silver and real estate.In present condition we are are not even able to get 1% return on out investment. We are just given the amount we invested in these financial products back in 2006-07.The results of R power investment and Silver trading at the level of 60-70 thousand are in front of us. Some people carefully deposited their money in the bank so as to keep it in the safe mode. We must not copy the investment strategies of other people as we know us better as compared to others. Only we know the expenses and monthly savings of ours. Most of the time the people invest the money where their friends and family members have invested. This is extremely wrong strategy for investment so now onwards I hope you all will prepare your own investment strategy. Often people have to suffer losses because of this investment strategy.Investment can be a very crucial decision for someone. Here by I am sharing some financial planning tips for individual businessman and salaried persons. 1.)Whether you are a businessman or a salaried individual, you must be having a term deposit scheme associated with your personal bank account. 2.)You may buy pure gold at the lower rates and put them in the bank lockers and when the prices goes up you may sell them out. 3.)You may invest your money in the stock market and commodity market. Investing in these markets may be risky for a person new to this market. One must take the services of research firms to get better returns on the investment. 4.)There are basically 2 exchanges in India. One is Multi Commodity Exchange of India MCX is the India's largest Commodities trading exchange promoted by Financial Technologies (India) Ltd, MCX enjoys the confidence of blue chips in the Indian and international financial sectors. MCX’s broad based strategic equity partners include, NYSE Euronext, State Bank of India and its associates (SBI), National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Ltd. (NSE), SBI Life Insurance Co. Ltd., Bank of India (BOI) , Bank of Baroda (BOB), Union Bank of India, Corporation Bank, Canara Bank, HDFC Bank, Fid Fund (Mauritius) Ltd. - an affiliate of Fidelity International, ICICI Ventures, IL&FS, Kotak group, City Group and Merrill Lynch. 5.)The basic difference between the stock market and commodity market is that commodity market deals in the commodities like gold, silver, copper, crude oil, lead, nickel, zinc, aluminium and other ncdex commodities. While the stock market deals in the the physical stocks or shares of the company. Author Ankit Raut is an Online marketing consultant at CapitalVia Global Research Limited, India. CapitalVia basically offers mcx gold tips silver tips and free nifty trading tips for the investment in the stock market and commodity market.
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