6 EASY STEPS TO MULTIPLY YOUR MONEY FAST :-
We are busy all day earning money and working hard to earn money . But if the earned money is not saved in a good way, then there may be a money crisis in the future . So I'm going to say some simple and intelligent way to save and multiply your money . Those are as follows ,,,
- FD
- Stock market
- Mutual funds
- Gold
- Real estate
- Government bonds
Fixed Deposit is one of the most popular ways to save money . It is a low risk and low return type of investment . It is a safe investment and easy to open . It is a one-time investment .Then ,
What the FD actually is ?
- In a Fixed Deposit , bank will keep your money for a fixed period , bank will give your return you invested plus the compound interest after the fixed period .
- In a Fixed Deposit , you will become an investor in that bank during your Fixed Deposit tenure .
- The FD offers guaranteed returns . Unlike market-led investments where returns fluctuate from time to time , the returns on an FD are fixed when you open the account . Even if interest rates fall after you open an FD , you will continue to receive the interest decided at the starting time . So , FDs are considered as safe investments .
- When you start your FD skims , you have to visit banks . Because , each bank has its own FD skim , to run their business . When you invest your money for an FD , then the bank works on its own like their own investment or its own salaries by using your invested money .
- Bank keeps your money for the fixed tenure , it promises that you will get this money from this investment .
- Different banks have different FD tenures like , a bank says to keep money for 1 , 2 or 3 years or it also says that you can withdraw the amount of money you have kept from our FD at any time . But in most cases FD is used for fixed duration .
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| Fixed Deposit |
What are the advantages of an FD ?
- Where you get hardly 4% compound interest in normal saving accounts , you will get atleast 7% compound interest in a Fixed Deposit . So your money will double in half time than that particular bank . So , returns from fixed deposits are higher than normal savings accounts .
- If you keep money on FD for a long time, your return will be even higher . So , if you longer the tenure it will higher your return .
Stock Market :-
Every investor wants to make money in stocks, with respect to the level of experience. It is easy to fall for the temptation, but one needs to have a good strategy to make double the money .Then ,
What is a stock market ?
- Stock trading involves to buy and sell stocks often in an attempt to time the market. The target of stock traders is to capitalize on short-term market events to sell stocks for a profit , or buy stocks at a low rate . Some stock traders are day traders, which means they buy and sell several times or frequently throughout the day.
- There are many great and steep learning curves involved in understanding the stock market if you want to gain a part-time ownership of that stock market . Your stock investment game has to be strong that is why you have to learn about current affairs , working of stock market .
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| Stock Market |
How a stock market works ?
- You give your money to a company like Tata , Reliance and they use that money to run their own business purpose . And at the end of the business, they share with you some part of the profit that comes from that money .
- Company increases the amount of money that you have shared with them and then increases the amount of your investment . The more successful that company is in terms of its business, the more successful your investment will be . Because you are also a stakeholder or part-time owner of that company .
- Since stock markets are mostly durable securities, they offer a variety of financial benefits .
- It may be a high risk to invest in the stock market , but once you invest, you will get a higher return than your expectations .
Mutual Funds :-
Mutual fund is one the most easiest way to save your money wisely . Mutual funds actually invest your money in stocks .
What is a mutual fund ?
- A mutual fund is an investment firm that receives money from many investors and pulls it together in a large pot . The fund’s professional managers invest money in a variety of assets, including stocks, bonds, commodities and even real estate. An investor buys shares using a mutual fund .
- Mutual fund companies have already learned all the things I was talking about to invest in the stock market, such as the current affairs working formula of the stock market, etc .
- Mutual funds have many options which depends on you like low risk-low return , high risk-high return ect . As such, you can buy your mutual fund or invest money in the mutual fund .
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| Mutual Fund |
How a mutual fund works ?
- Mutual funds make money by charging one per cent of assets under the management of investors and may also set sales commissions (loads) on the purchase or clearance of funds. Depending on the operating cost of the fund and the style of investment, the amount of funds known as the expense ratio can range from 0% to 2% .
- Mutual fund companies operate on their own investment and return your account balance after a certain period of time with compound interest .
- Mutual funds are one of the most popular investments in the United States .
- Benefits to investors include improved portfolio management, dividend reinvestment, risk reduction and fair value .
Gold :-
There are ways to multiply money from gold - paper and physical. You can use the Gold Exchange Trade Fund (ETF) and Sovereign Gold Bond (SGB) for gold in the form of jewellery, coins and gold bars and then there are gold mutual funds (funds of funds) that invest more in gold ETFs .
How gold works ?
Here is the actual golden question ,
- Gold ETFs are equivalent to buying physical gold but without the hassle of storing physical gold. So, since gold is stored in demat (paper) form, there is no risk of theft / theft. Gold funds involve to invest in gold mining companies .
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| Gold |
What are the advantages of a gold investment ?
- Gold is a very liquid resource .
- There is a global demand for gold because the value of gold goes up with time .
- It is a medium risk , medium return type of investment .
Real Estate :-
Real estate has become a popular type of investment over the last 20 or 25 years .
What is a real estate ?
- Real estate investment is when you spend your money to buy a good quality house , land or flat .
- It is a long term investment , because the price of the land or flat you bought today will not increase overnight like gold at all . It is much time taking . So , it is a high risk type of investment .
- You may be the victim of various politics with the land you have bought . As an example , suppose the person from whom you bought the land sells you a piece of land of bad quality instead of good quality, then you have nothing to do .
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| Real Estate |
How a real estate works ?
- Real estate development is a process that involves the purchase of raw land, redevelopment, construction and renovation of buildings, and the sale or sale of finished goods to the lease user. Developers make a profit by adding value to land (building or improving, creating reasoning, etc.) .
- Real estate investment is a no brain investment because , it is very easy to understand . The logic behind it is , buy land to save money .
- Real estate is an improvable property .
- It is a high return type of investment .
Government Bonds :-
A government is a very well known and wise money investment policy . You all have to know about it .
What is a Government bond ?
- A Government bond is a very secure debt that is issued by a government to support government spending and obligations .
- Government bonds can make interest payments in phases called coupon payments made by the so-called national government .
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| Government Bonds |
How a Government bond works ?
- You are investing money to your respected Government and the Government is using your money for their politics purpose , country purpose and in the interest of development of country . It is a very simple policy .
- In which time you want your money back , the Government will return your full money with compound interest .
- Government bond is a very easy and simple way to invest your money to multiple .
- It is also a no brain investment like real estate , because it is easy to understand .
- It is a low risk and medium return type investment .
These top 6 ways will multiply your money as soon as possible and they all are higher than your normal savings account . So , don't waste your money saving it in a normal bank account . Please save it in an intelligent way so that even if a difficult day comes, you will not have any difficulty . So , invest your money wisely .
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