How do you make extra money with your monthly savings?

India
August 18, 2011 1:55am CST
How do you make extra money with your monthly savings ? Invest in shares, mutual funds ?
5 responses
@skjee10 (438)
• India
18 Aug 11
Hi amitabh,I think mutual fund is a good option,but don't put your savings in equity mutual funds,because equity return is not so good now a days.If you want long term investment,then shares are good bet,but always consults to any experts in this field.Good luck & happy mylotting.
@varier (5699)
• Indonesia
18 Aug 11
Investing by buying gold might be a great idea, since gold's price is always increasing every year And they are inflation-free But I haven't enough monthly savings to doing so now
@hafiz008 (450)
• India
18 Aug 11
Saving are important because future is uncertain.Today most of the companies make use of these Future of earning money. In my opinion Banks are safe for saving your earning and you will deposited with certain amount of Interest.You can also use it for buying shares as shares are more risky, you may lose everything or gain huge amount. My personal advice don't enter in to stock market without any knowledge. You must be well aware about the market and financial position of the company you are going to invest. As I am against taking interest from Bank, my saving is mainly done by investing in Gold. Today market price of gold is increasing with high range, surely you will benefit from it
@brew2x (3096)
• Philippines
18 Aug 11
All our savings are in banks. The interests are pretty low but definitely better than nothing. I'm planning to place some money in time deposit in the future, I just need enough money for our emergency fund first. TD has higher interest than a regular saving but has lower interest compared to mutual fund. I chose TD because it has a fixed interest rate and I'm not a risk taker to try mutual fund.
@pratik87 (1928)
• India
18 Aug 11
i usually rely on banks because you should only get into investing in shares and stuff if you have enough knowledge in it. if you do not prepare well then you might losing all your savings easily.