The Fixed Deposit
In future, whether you need financial security or you want to buy some luxurious goods, a good investment can make help you meet your financial goals. One way to manage your financial planning is to invest surplus funds judiciously. The best way to manage your surplus funds is to invest them instead of saving them. Investments can give you back high returns and these returns can be reinvested or spent the way you like.
There are few ways you can earn surplus income. For example, salary appraisals, or business profits all are sources of surplus income. You can easily invest your money by thinking wisely and acting smartly.
Your Investment Options:
Some investment options are stocks, mutual funds, fixed deposits, investing in gold, etc. When you invest in gold it becomes a onetime investment. You can sell your gold when you want some money. But gold rates are subject to change by the market forces. Similarly, stocks and mutual funds involve high risk. However, if you are looking for less risk and good returns, fixed deposits and FDs is a better choice.
FDs offer higher interest as compared to savings account and are considered one of the safest investment option. Nowadays, along with banks you have NBFCs as well who are offering attractive interest rates for FDs.
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.