Are you earning decent? Are you saving a portion of your income? Then you are going in the right direction. The way we work hard on every month and earn some income, we should spend some and sae some as well. After you save some money over a period of time, you should channelize that savings in a proper manner at a proper place. You should go for investment, to secure your future.
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There may be situations like inflation, taxes, and medical emergencies that can take a major chunk of our savings and leave us in a financial crunch. So, it is always better to keep yourself prepared for the worst situation as well as financial crunch. You need to invest your money in such places from where you will get satisfactory gains.
There are many investment sources in the market that can benefit you in the long run, but a perfect investment option will vary from one person to another. You can opt for investment sources like mutual funds and equity shares. But, it is recommended choose to investment in Fixed Deposits.
A fixed deposit always involves a lock-in period. A lock-in period is a specific duration of days, months or years during which the investor cannot withdraw the invested capital. This is essential to get a higher return on investment after a certain time period.
FDs (Fixed Deposit) scheme are the first choice of many investors because it is safest form of investment. Let us have a look at what drives people towards it and what against it.
Its Pros are:
Next, let us look at the Cons:
Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms.