best way to grow your money

India
August 29, 2008 2:40am CST
i think investing in Insurance and stocks of insurance companies are the best way to grow money.but mind that the lookin period should be minimum of 10years incase of policies and minmum of 1 year in case of stocks
3 responses
@rkrish (3003)
• India
29 Aug 08
Smart spending creates surplus and surplus money goes into investment. So reinvestment of profits into high risk high return strategy makes money to grow faster. I too belive in the thought of WORK to learn and manage money to work for you. There are various kinds of ways to grow your money but here strategy plays a major role. I say the better way to invest the surplus into various kinds...equity,insurance,shares,debentures gives varied returns and somewhere we can have mixed portfolio of high secured /low return and low secured /high return which is smart way for long run to grow money. Cheers
@rkrish (3003)
• India
9 Sep 08
try to read RICH DAD POOR DAD, a nice to one to teach you to grow your money
@labels (88)
• Singapore
29 Aug 08
insurance and stock do have their down sides. they do allow risks and they are slow in money making, probably small amount of money in a long process.
@drannhh (15002)
• United States
29 Aug 08
Money saved is money earned. The more money we have the more expenses we have, so when we buy less we can get by with earning less and thus pay fewer taxes. Stocks go up but they also go down, so people need to understand that and put their first savings into something less speculative. The great stock market crash that devastated the US economy a few decades shy of a hundred years ago was the result of people borrowing money to buy stocks, I think. Now we hear of people doing that again. It is scary.