Forum: 0 Subject: Re: Re: Re: Re: Money saving Sender: invest Date: 2019-01-21 09:49:28

Saving in India does give better interest rate but your money is open to dollar rupee rate risk. We all know which way dollar rates are going. Everybody wants that easy answer where the money is safe and will grow the max. But it is not that easy. More return means more risk and less return is less risk. The first rule of investing is to have a plan. A) What do you want to save it for - is it a short term goal (1-3 years), medium term (4-7 years) or long term >7 years) .If you want to be ultra safe, just invest in a CD (equivalent to FD in India). Interest rates will be in 1.5-3% rate only. Also, if that's all you have in savings then that is not much and you should start by having an emergency fund - so CD is the way to go. Beyond that look into bonds and then index mutual funds. The S&P index fund (Vanguard, Fidelity etc.) are the best in my view as they are low cost and you will always come out winner in the LONG run. There is no substitute for research. So read up as much as you can. Your money is like an extra income earner in your home, so put it to work ASAP.

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