All working people will receive salary each month and within a couple of weeks the whole salary will be spent. This will be continued all months after years of work you will be left that almost there will be no savings, here which means that you must invest some of your money to you and your family which will be very helpful to enjoy your bright future. Here is an in depth guide on Best investment options for salaried person
The whole world which is running around the five letter word money, without money there is nothing hopes you all agree money makes everything.
All salary persons will be looking for some returns which offer them safety along with the tax benefits.
Investment is nothing but it is basically something the hope of achieving numerous benefits for long term. Investment may be of many types it may be purchasing asset, interest from profits and a combination of good returns, which may be fixed deposits, equities, properties and much more.
What is the need for investing?
Money plays a vital role in everybody is life it should be learnt how to handle properly which is very important. The investment is very important for salaried person and which also plays a tool for creating wealth and which gives fulfilling future needs as well.
Reasons to invest
Some of the reasons to invest money are preparing for any emergencies like financial security purpose and in order to create wealth which is a factor of growth of the money.
Some of the best investment options are
Investment in PPF
PPF is nothing but Public Provident Fund which is the very popular investment in India it is a fixed income investment. Here the money which is invested will be very safe and you can also earn interest on that. PPF has 15 years of plan and will offer 7.6 % interest, and the minimum amount which can be invested as rupees 500 and the maximum amount to rupees 1.5 lacs.
Recurring deposits is also one of the other method for investing but the problem here is they offer only low interest rates. The one advantage in the recurring deposit is which it offers you a good liquidity and which is useful for future expenses like travel, marriage, etc.
Life insurance which is also can be termed as Life assurance which is the agreement between insured and insurer. This is also one of the best methods for investing where some amount of money will be paid monthly and the return money will be more than the premium amount. And this will also cover other expenses like critical illness or if there is any accident zones, etc
This method is also one of the alternative methods for investing suppose, if the money which are invested in equities which start to decline so this investment in gold is a good way to diversify your risk where this will also be helpful for occasions like marriage, anniversary, etc.
These are the Best Investment Options for Salaried Person, where they can enjoy their retired life peacefully.