Best Investment?
By lucky119
@lucky119 (643)
India
9 responses
@nishant5n (1067)
• India
22 Feb 11
Spending on Gold is the best investment for Saving.
Unlike other instruments like, shares, commodities, funds, equities, etc. which have a very labile nature and their prices are very flexible, investment in gold has always given good returns. On an average one can get a return of up to 35% by investing in gold.
Saving in the form of fixed deposits also is safe and secure and promises a confirm return of up to 9.5%.
I personally think that if you want to invest for a long period of time, then only investment in shares and commodities is beneficial; otherwise, it is a risky game.
The best, most secure, and sure returning investment will be spending in Gold. It has been always giving return on a steady pattern of at least 30% and up to 35%.
@nishant5n (1067)
• India
23 Feb 11
No Lucky, who said per year?
Gold is a commodity and its rate changes every day.
Today I can buy some gold at X dollars and can sell tomorrow at X-plus-Y dollars (if rate has increased by Y dollars).
All the metals like iron, copper, aluminum, platinum, etc. come under commodity and you can invest on any of them.
@picjim (3002)
• India
21 Feb 11
A bit of both.We have to set aside something for future requirement and contingencies..Spending everything in the present isn't advisable especially in these days of economic hardship.We've all gone through a difficult period.We have to take precaution in case such situations recur.A judicious mix of saving and spending is best for us.Spending is good for circulating money in the economy.Saving is useful for our requirement of the future.
@picjim (3002)
• India
22 Feb 11
If bank deposit type of fixed income securities interest you and as you are from India,here are some options.Post office monthly income scheme offers 8% monthly income and a bonus of 5% on holding to maturity i.e 6 years.The same interest if you don't require for expenses and you are willing to save can be put into a recurring deposit,which will earn more interest and increase in capital.Bank deposit amount can be directed by into recurring deposit,which in turn earns more interest and capital increase.You can invest small amounts into gold as there are authorised depositories who will buy and hold on your behalf.You can buy physical gold from banks.You can invest in good shares for long term.You can invest in real estate.
@god_spear (498)
• Philippines
21 Feb 11
Saving is good investment because in time of need, you can rely on what you have saved. Maybe saving is like spending since you put your money in some place or in a bank,but in return there will be an interest on your money and that will be your profit no matter how small the amount of interest. I think we should look a good saving program that will earn more than other Investment, try stock market/share of stock if you will invest on it put it on a long term investment, and before we invest we should invest first in educating ourselves on how and where to invest.
@EdnaReyes (2622)
• Philippines
21 Feb 11
For me, it's spending/ I spend to buy things that can be readily resold like jewelries ,appliances and some pieces of furnitures. I don't save much money in the bank cause sometimes I have to use it all in hospital bills. There was a time when during a financial crisis, it's good I have invested in some good appliances and it was used to pay off some debts!
@cervine888 (125)
• Pakistan
24 Feb 11
I am going to suggest you to invest in an international gold company called as GMI.
site www.goldmineint.com. You can even earn $450 per day for just investing $60. Its real I also paid from this site.
For more info please pm me.
@pocoyojk (48)
• Philippines
22 Feb 11
Spending can be investing depending on where or rather what you are spending it for. Concrete example is when you buy a house, you definitely spend money there, BUT when you let the house be rented, then it will become an investment. I've read in a book that even you have your own house and it doesn't bring you any passive income, then it's NOT an investment. Hope it helps.
@owlwings (43915)
• Cambridge, England
21 Feb 11
Spending can be a good investment, depending on what you buy. If you are spending money which furthers your business or personal income or lifestyle, then that can be counted as 'investment'; money spent to maintain a business or lifestyle is a 'necessary expense' and money spent which could be better saved is wasteful.
Saving is almost always 'investment', especially if one is earning interest on the savings. Usually one saves with a particular purpose in mind which will meet one of the first two conditions above.
There is no 'best' investment option. Everything depends on your own personal circumstances and how you calculate the present and future value of your money.
@firozahmed (194)
• India
21 Feb 11
That completely depends upon the place you spend the money. If you are spending on something that yields money then thats investing. Saving can also considered to be investing only on condition that you are saving for a purpose.
@EdnaReyes (2622)
• Philippines
21 Feb 11
For me it's spending for me. I spend to but items that can be resold in the near future like jewelries ,books and some pieces of furniture s.I have difficulty in saving money cause always comes a time that I have to spend it all paying hospital bills.In one time of a financial crisis, it's a good thing I have invested in some good appliances that I resold to pay off some debts.
