11/2/2015

(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

20s(age):WhatisthebestwaytoinvestINR
30,000inIndiafora22yearold?

376FOLLOWERS

Background:IhaveaseedmoneyofINR30,000whichIhavesavedoverthe
years.IleftmyjobandnowIamstayingwithmyparentstoprepareforafew
competitiveexams.AtbestIcanaddaboutINR3000permonthbysavingon
mypocketmoneyorbydoingoddjobsforfriendsorrelatives.
Themoneyisinthebankinthesavingsbankaccount.Isthereanybetteroption.
PlusIamnotlookingfo...(more)

Lastasked:10Sep

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InvestinginIndia

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Whatarethebestwaystoconvertasum
of20,000INRto37,000INRinone
week?
Howcana20yearoldinvest30,000INR
foraperiodof34months?
What'sthebestwaytoinvestINR40,000
fora19yearoldmedicalstudent?

SavingMoney

NavinNikunj

20s(age)

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54Answers

Finance
Investing

SanjayNandan,IAS.Friend,CounsellorandMentor.Withyouonyour
journeytosuccess.

LifeAdvice

157.4kViewsUpvotedbyBalajiViswanathan,IndianbyBirth.Indianby
Thought.AgrathaDinakaranAnkushSinghBhati

Life
India

AtyourageIwasalsotryingtosave.Sooursituationisquitesimilarexcept
thatIwassavingthismoneyfrommysalary.Letmesayfrommyexperience
thatIregretandIshouldhaveusedthatmoneyforbetterthingsthansaving
(thosesavingsdidnotamounttomucheventhough3000wasabigsumin
1986).

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IhavesomanyregretsaboutmybeinganunnecessarymiserKanjoosand
financialidiotwhofellintothetrapofsocalledinvestmentadvisers.Togivea

Edits
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11/2/2015

(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

smallexampleinordertosavemoneyIusedtosearchforbooksin2ndhand
bookshopstherebywastingalotoftimeandeffort.SimilarlyIwouldalsotryto
travelwithoutreservationsjusttosavefewrupees.Foreverythingoranyservice
Iwouldtryandfindawaytodoitmyself.Iwouldtravelbypublicbusesto
saveonautofare.Iwouldsearchforthecheapestplacestoeatandsoon.
InawayIhadgivenawaymymoneyinordertobenefitanunknownperson.I
hadthussacrificedmypleasure,comfortandhappiness.Ihadalsoseverely
compromisedmypossibilitiesandpotentialtogrow.Ihavebeensufferingfrom
thisIndianmaniatosaveatanycost.InHindiwehaveasayingchamdijaye
pardamdinajayemeaningwearesoattachedtoourpaisacointhatwewilllet
theskinbetornawayratherthangiveupapaisa.
Weallstartaszero.Thiszerostarthasthepotentialtobecomeinfinity.A
strangeandoxymoronstatementbutholdonthisisbasedonmypersonal
experience.Thisisonlypossibleifwedevoteourresourcestodevelopourreal
wealththatisourmind.
Iquoteourancientwisdom
"manorwoman,everyonemustexpandtheirminds,risefromshudravarna,
themindsetofafollower,tovaishyavarna,themindsetofatrader,to
kshatriyavarna,themindsetofamaster,tobrahminvarna,themindsetofa
seer."Sita:AnIllustratedRetellingoftheRamayanabyDevdutt
Pattanaik
Wehavetounderstandthatwhatiscalledasfinancialsavingsareinaway
moneythatisyoursbutisusedbysomeoneelsetoimprovehisownlife,his
businessorhisindustryorsometimesforhispleasureonly(hugeloans
defaultedbyhighflyingtycoons).
Neverevergiveyourmoneytosomeonewithoutexploringandexhaustingall
theavenuesofspendingitonyourselfproductivelywhichalsoincludes
recreation(wehavetorecreateourselvesconstantlysimplestexampleisthe
dailysleep).Iwouldhaveadvisedyoutoinvestinfinancialinstrumentsbutthe
bestinstrumenttoinvestinisyouyourself.Unnecessarysavingscarryserious
costsvizreducingorcompromisingyourpotentialandpossibilities.
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HereIwilltrytodistilmypersonalexperiencesincludingdiscussionswithex
SEBIchiefandseniorofficersofRBIandFinanceministry.Thisismy
experienceoffinancesectorwhichIhavefollowedfrommychildhoodfromthe
ageof10.
Promiseswhicharealwayssameagoldenfuture,ironcastsecurity,mind
bogglingreturnswhichwillenableluxuriousjetsetlife.Realityisrather
otherwiseyouwillbeluckyifyouareabletoevenprotecttherealvalueofyour
money.IhavebeenfooledbytheseinvestmentadvisersforsolongIfeelso
sorryformyself.Ionlyhopethatothersdonotsuffermyfate.
Asyouhavesaidyouhavetheseedmoney.Usethismoneyasaseedtobe
plantedinthebestsoilwhichisyourself.Letthisseedstrikerootsof
information,whosetrunkisKnowledge,leavesaretheskillsandfruitswillbe
wisdom.Letthistreebeinyourheart,mindandsoultotransformyouintoa
moreskilled,knowledgeableandproductiveperson.
Buygoodbooksthesearethebestinvestmentsforcompetitiveexams.You
shouldconcentrateonincreasingyourskillsandproductivity.Booksarenot
costlybuttheytransformyourinvaluabletimeintolearning.(Thistimeonce
lostislostforeversouseitcarefully).
Moneyisafunctionofyourincomewhichisdirectlyrelatedtoyourskills.
Donotneglectskillsesp.writingskills.Buygoodnotebookandgelpensto
startwritingthenotes.Lateronyoucanwritegoodparasleadingtogoodblogs
oressays.
Atthisstageinyourlifenothingismoreimportantthantraining,learningand
selfeducation.Thiskindofmoneyyoucaneasilyearnevenonadailybasis
lateron(IncomeofRs.30,000perdayisnotsorareforatrulyprofessional
person).Donotdestroythepresentaswellasfutureforsavingmoneywhich
shouldbeinvestedinyourowndevelopment.
Spendalittleforpleasuretoo.Ifyouarehappyyouaremoreproductivemore
satisfiedandmorelikelytolearnbetter.InarmyitisknownasR&Rrestand
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recreation.Wecanalsocallitrepairandrenovationforourselves.Theway
everyphysicalobjectalsoneedstoberepairedandrenovatedsimilarlyour
needscannotbeoverlooked.Wecanignorethisaspectonlyataveryserious
price.
Itisanillusioncreatedbyselfishfinancialadviserstoinduceyoutoforsake
boththepleasureofenjoyingtodayandinvestmentsinimprovingyourfuture.
Ifyougiveuponincreasingyourproductivityandearningabilityyourfuture
savingswillalsoremainlowsoavoidthislowincometrap.Donotsacrifice
bothyourpresentaswellasfuture.
Whatdothebanksdowithyourmoney?Theygiveittoindustrialists,quitea
fewdonotreturntheloans.Thisfigureofloansnotreturnedisofficially
acceptedas56lakhcroresbutislikelytobe1012lakhcrores.Asbanksgive
newloanstorepayoldloans.Doyouwantyourmoneytobegivenawayas
loan/donation?
InfactweIndiansarethebiggestsaversintheworld.Inspiteofbeingpoorwe
thefamiliesandunorganisedlaboursave3540%4050lakhcroreeveryyear.
Nowadayspeopledonotkeepallthesesavingsinfinancialinstruments.More
than60%savingsareinrealassetsascomparedtopaperassetswhichareless
than40%.Reasonissimplerealassetslikegold,land,buildingsappreciate
whilefinancialsavingsdepreciateduetoinflation.Mostoftheordinary
Indianscallthesefinancialinstrumentswastepaper.
Letusseewhathappensto1lacinFDyouearnaninterestof89%.In
moneytermsyougetmaximumof9000Rs.IfyouarepayingIncometaxyou
willbepaying3000astaxwhatisleftinyourhandis6000.Inflationisaround
10%whichmeansthatyouwillloose10,000/.Whatisthenetgain,thereisno
gainbutyouloose4,000/Rs.
Whatdowedowithoursavingswhichwearenotabletoinvestonourselvesor
inrealassets.Myadviceisfirstinvestonyourself,theninvestonyourfamily
whichcanbefortheeducationortrainingofyourbrothers,sistersand
cousins.Thirdoptionistoinvestinthebusinessofyourfriendsespstartups
andcrowdfunding.
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Lastoptionshouldbefinancialinstrumentsandhereyoushouldlookfor
productswhicharenotaggressivelymarketed.Productswhichdonotpay
commissionsashighas2025%toagents.Discusswithyourfriends,relatives
andfamily.
InIndiaevenforthestockmarketsthosewhoearnhereindulgeininsider
tradingandwhatisthisbasedon.Ofcoursetipsfromfriends,familyand
relatives.Insidertradingandfixedmatcheshavebeenwithusrightfromthe
1830.Financialexpertswillrelyontheirfriendsandfamilyfortheirown
moneybuttheyvehementlyseektodenyyouthisprivilegebyflattery,trickery,
illusion,provokinghumangreedandcreationofmirage.
Rememberalthoughyouareyoungbutyouaredoingallthisultimatelyto
leavetheworldabetterplaceforyourchildren.Yourinvestmentsyouwould
liketobeusefulforyourfamily.Soitisultimatelyyourchildren'smoneyevenif
youaretheonewhohasearnedit.Timefliesandmaybe30yearslateryouwill
regrethavingthrownyourmoneydownthedrainconnedbythesecheats.Ido
regretmyactionsofinvestinginequitiesforlast30years.
Yourparentsadvicemayappeartobeoutdated(thisisoneofthemarketing
pitchusedbyfinancialexperts)butrememberyourparentshavemoreofyour
welfareinmindratherthananunknownmarketeerboundbyhistargets.
Financialagentsalwaysusethispitchdoyouwanttolivethe(miserable)life
likeyourparentslived.TheysayIfnothenyouhavetoinvestdifferentlyand
onlyinvestmentwhichwillgivehighsecurity,highreturnsetc.equitycum
insurancecumthisandthatproduct.
Whenevernextasalesmanapproachesyouaskhimabouthisownpersonal
investmentsintheproductthatheistryingtomarkettoyou.Sometimesthey
havefalseinvestmentpaperstoo.
NBDoopenaPPFaccountwithminimuminvestmentofRs500/everyyear.It
isaseedwhichwillgrowintoafruittreelateron.Yourmoneyislockedforfirst
5yearssoinvestaslittleaspossiblebutgainthisperiod.StartthePPFmeter,5
yearswillflyawayinamoment.IdidthistenyearsafterIhadstartedearning.
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Nofinancialexpertwasevertheretopushthisproductinfactquiteafew
discourageditactively.

RishabSharmacommentsandhehasaveryvalidpoint:
Generally,wegettohearfromoureldersthatweshouldinvestandsaveour
moneysotosecureyourfutureanduseitduringemergency.Acc.toyouone
shouldn'tsaveanymoney,rathershouldspendonhimself?
Response
Withanimportantriderspendproductivelyandusefullygettingthevaluefor
yourmoney.Don'tworryifyoufailtogetvalueoccasionally.Iwillrepeatagain
thatspendingtoinvestonyourselfisthebestinvestment.Whileinfinancial
investmentsitissomeoneelsewhospendsyourmoneytoinvestinhimself.I
havecertainlyadvisedtheinvestmentinPPFmoreforgainingthe5yearslock
inperiod(atyoungerageifyoudonotneedthemoney).PPFinvestment
enablesyoutoinvestmoneyaswellasinvestintime.
Nirmalahascommented
AsMr.SanjayNandansays,akeyfactorisimprovingone'sknowledge/skills.
Pleaseensurethatyouandyourdependents(ifany)havemedicalinsurance
asitwillgiveyoupeaceofmind.Regularinvestmentsinmutualfundsthrough
SIPmodeisbetterthanlumpsuminvestment.Againthiscanbeaverysmall
amountconsideringyourage.Chooseandmonitorthefundcarefullyandthis
exercisecanbeyourfinancialtraining!
ResponseNirmalahascleverlyavoidedmentioningthatsheisemployedin
financialsectorwhichseekstomakeasuckerofyou.ThisIfeelisgrossly
unethical.NotehowcleverlyshehasavoidedProvidentfundsasensible
instrument.Recentlytherehavebeenseveralattemptsbyvestedintereststo
pushtheircommercialproductsusingmyanswers.Suchaccountshardly
followanyoneandarepracticallyidleexceptforcommercialbrainwashing.
ItisduetoexpertslikeherthatIhavepersonalexperienceofmorethan30
yearsofMFs.Believemetheyalwaysmakeyoubleedastheyhavebledmeall
theseyears.AslongasIndiasuffersfrominsidertrading,riggedmarketssmall
peoplelikeyouandmewillsuffer.AllthefinancialmodelsfailinIndiabecause
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thesemodelsaredevelopedforUSAmarketwherethereisverylowinflation(1
2%),stablecurrency$,stringentpunishmentsforinsidertrading,stable
GovernmentPolicywhichiscitizenoriented.Ontheotherhandwehave
inflationaround10%,decliningRupee,nopunishmentsevenfor
embezzlement,Govtwhichwasextremelyvolatileorientedtowardsfriendsand
relatives.AsandwhenwearriveatconditionslikeUSwemayconsiderMFs.
SIPsareonlyameanstorobyouofanyopportunityandtoenrichtheMF
houses.
EvenEconomicTimeshasinarareadmissionagreed(foronce)thatPPFover
last2030yearshasgivenbetterreturns12%ascomparedto89%forMFs.
Datasfrom2008to2014alsoshowssuperiorreturnsforPFalthoughin2008
Sensexwaslowestand2014itishighestever.Evenunderthebestof
circumstancesMFsmakeyouloosemoney.
FurtheralltheCAsthatIknow.AllthePrivateEquitymanagersIpersonally
know(theyearn25crorespa)avoidMFslikeaplague.Whocanbeabetter
judgeaboutequitiesthantheguyswhohavebeenearningcroreseveryyearfor
thelast20yearsfrominvestorslikeyouandmewhoarefooledbytheirsales
pitchtoinvestinMFs.
RegardingInsurance,itisnexttoimpossibletoclaimesp.ifyouhappento
beasmallperson.Healthinsuranceencouragescashlesshospitalstogofor
needlesssurgeriesandtestswithalltheassociatedrisks(includingrisktolife
anddisabilities).Iwillnotadviseituntilthetimeourhospitalsadoptethical
practices.ItisfineifyourCompanyprovidesit,inthiscaseyourcorporateheft
willensureacertaincomplianceandaminimumsafetyforyou.
Anotherfinancialadvisorandanalyst
NikhilPrasad
Investinginoneselfnodoubtprecedesallotherbutsir,thearticleinthe
economictimeshascreatedalotofbuzzanddebateinthefinancialcircles.
Theanalysisinthearticleisdoneonasinglesample(Aug94toAug14)which
looksselectivetofitintheideaofPPFgeneratesmorereturns.

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PleasegothroughInvestmentinEquityMutualFundsvs.PPF blogpostby
SharadSinghwhichclearlystatessome
discrepanciesintheeconomictimesarticle.
UpvoteDownvoteShareReport3hago
SanjayNandan
SensexisacollectionofsharesofselectedCompanies.Thesearealways
changedtogiveahigherriseinsensex.Sensexoftodaydoesnothavethesame
sharesassensex5yearsback.Youanaverageinvestorisalwaysalooser.
ShareReport3hago
NikhilPrasad
Iconcurbutwhatisyourviewonthis:

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(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

TheSIPforLargeCapAvg.beatsPPFhandsdownbutIguesswhatyouare
reallycomingacrossisthat,thisisanaveragevalueandacommoninvestor
hasahighchanceofgettingfarlesserreturns.
UpvoteDownvoteShareReport3hago
SanjayNandan
HowdoesoneinvestinSensexin1994and2014.Canyoujusttellmemy
friend.
ShareReport36mago
NikhilPrasad
Noonecannotbutsirtheaboveimagealsoshowsthereturn(LargeCapAvg.)
onSIPinvestmentinmutualfundisgreaterthanPPF.
UpvoteDownvoteShareReport14mago
SanjayNandan
Youwilldefinitelyearnbecauseyouareasharetraderbutitwillbewewhowill
definitelyloose.Allthebesttoyou.Youmightbethefirstpersonwhowillmake
moneyinMFs.Nobodyinmy50yearsoflifehasearnedanythingbutlosses
exceptforinsidertraders.
ShareReport3mago
Commentdownvoted19Sep
SanjayNandan2votes(show)
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Ihavepersonalexperienceofmorethan30yearsofMFs.Believemethey
alwaysmakeyoubleed.AslongasIndiasuffersfrominsidertrading,rigged
11
AskQuoramarketssmallpeoplelikeyouandmewillsuffer.Allthefinancialmodelsfailin
Home
Write
Notifications
IndiabecausethesemodelsaredevelopedforUSAmarketwherethereisvery
lowinflation(12%),stablecurrency$,stringentpunishmentsforinsider
trading,stableGovernmentPolicywhichiscitizenoriented.Ontheotherhand
wehaveinflationaround10%,decliningRupee,nopunishmentsevenfor
embezzlement,Govtwhichwasextremelyvolatileorientedtowardsfriendsand
relatives.AsandwhenwearriveatconditionslikeUSwemayconsiderMFs.
SIPsareonlyameanstorobyouofanyopportunityandtoenrichtheMF
houses.

Navin

AskQuestion

EvenEconomicTimeshasinarareadmissionagreedforoncethatPPFover
last2030yearshasgivenbetterreturns12%ascomparedto89%forMFs.
Datasfrom2008to2014alsoshowssuperiorreturnsforPFalthoughin2008
Sensexwaslowestand2014itishighestever.Evenunderthebestof
circumstancesMFsmakeyouloosemoney.
FurtheralltheCAsthatIknow.AllthePrivateEquitymanagersIpersonally
know(theyearn25crorespa)avoidMFslikeaplague.Whocanbeabetter
judgeaboutequitiesthantheguyswhohavebeenearningcroreseveryyearfor
last20years.
IfyouhavecomesofarsomeheavystufffromBhGita

4.33
EnglishtranslationbySwamiAdidevananda
4.33Thesacrificeofknowledgeissuperiortomaterialssacrifice.OArjuna,all
actionsandeverythingelseculminateinknowledge.

4.42
EnglishtranslationbySwamiGambhirananda
4.42Therefore,OscionoftheBharatadyasty,takerecoursetoyogaandrise
up,cuttingasunderwiththeswordofKnowledgethisdoubtofyourowninthe
heart,arisingfromignorance.
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(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

IconsiderallofusasthechildrenofBharatifnotscion.Thusallofuscanrise
fromignorancetoknowledgeanArya.
AllthebestandmayGodblessyou.
Updated13Oct2014ViewUpvotes
Upvote 2.2k

Downvote Comments 47+

Share 123

MohanDevSukumar,Epicurean
15.9kViewsMohanhas34endorsementsinLife.

Ifthere'snoemergency,letitstayinthesavingsaccount.
Myadvicefora22yearoldboy/girlinyourcondition:Forgetaboutthat
money.Startfromzero.Thefeelingofnothavinganymoneyenhancesyour
unknownabilitiesexplorethem!
Updated12AugViewUpvotesAskedtoanswerbyKrishnanandBhat
Upvote 127

Downvote Comments 2+

Share

KaranBajaj,AmbivertIdeator
14.2kViewsUpvotedbyMayankJain,MentorforIITaspirants,Experton
learningtechniques,Howtolearn

Iknowaboutsomeonewhowasstuckwiththesame
questionbackin1977.
Ifhewereheretoreply,maybethisiswhathewouldhavetoldyou.

BudgetTravelasmuchasyoucan
Nothingopensusmoretotheworldouttherethantravelingonaslimbudget.
Youstartappreciatinghowsmallthingsmakeyousocapableofachieving
anythingyoueverwanted.

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Becurious.
LearnaboutEverything.Askyourselfquestions.Keepaskingtillyouexplore
yourinnermostpassion.

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(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

AddValuetoSomeone'slife
Makepeoplesmile.Beapartoftheirlifeandmaketheirsapartofyours.
Giftthemyourtimeandconcern.Learntoempathize.

https://www.quora.com/20sage/WhatisthebestwaytoinvestINR30000inIndiafora22yearold

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(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

Developavision
Believeinsomethingsostronglyitbecomesyourlife.Makeyourselfwantitso
badthateveryonearoundthinksyou'vegonemad.

https://www.quora.com/20sage/WhatisthebestwaytoinvestINR30000inIndiafora22yearold

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(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

TransformcapitalintoaSeedfund
Poolinwhateverisleftandinvestitinyourvision.Itisthisfoundationof
brickswhichyouhavetogrowintoamightyempireoneday.

BeginSmall
UseWHATEVERresourcesyoucatchholdof.Livethisexperimentationwith
peoplewhosharethesamepassion.

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(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

LoseSome
Expectfailures.You'renotGod,andsotimeswillcomeandcrushyou.You'll
becalledanidiot,maybealotworse.

GainaLotmore
Standupagain.Learnfromwhatdidn'tworkout.Refocusyourself.Make
yourselfwantthatsuccessbaddestevernow.

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(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

GrowBig
Theempireisaliveandbreathingacreationofyourownmindofourown
dreams.Stopandlivethemoment.Experiencethemiracle.

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(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

TheUniversewillneverbetheSameagain
BeRememberedastheonewhocamelikeagushofwindandtransformedthe
world.

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(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

Written18Sep2014ViewUpvotes
Upvote 64

Downvote Comment 1

Share

ArunPurohit,DonthaveanymajoraccomplishmentinmylifebutIam
proudtohavehelpeds...
64.9kViewsUpvotedbyGauravMunjal

1. Pourthatmoneyonyourhead:10yearsago,IinvestedINR16Kin
Projectmanagementskill(PMI)trainingandthataccompaniedIwriting
PMPcertification.ThisoveranyearItsawmysalaryreturning3
additionallakhsinthesameyear.Overa3yearperiodthisreturned
additional12lakhs.Thisisawhopping7,400%ROI.Offcoursemy
otherqualitiesalsohelpedbuttheaggregatedknowledgeinPMPhelpeda
lot.Idonotsaythata22yearoldcangetPMPcertifiedbutwhatI
recommendis:Getsometrainingwhichisworldclassandpreparesyou
forsomeleadershippositionorisaclearestablishmentofpossessionof
worldclassskills./Edit:Afriendofmineatageof24chuckedhisjobas
ShiftEngineerincarmanufacturingplantandputhiscashintoSAP
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(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

course.Hiscareerthereaftertookoffonajetplaneandhehasbeen
workingwithApplenow.
2. PaidstudiotrackcoursesonCoursera:Ifinishedone8week
courseonthisplatformconductedbyProfScottKlemmerofStanford
University.Iacquiredalotofskillsinproductdesignthinking.RecentlyI
hadaninteractionwithalargeUScompanywhereafterutilizingallmy
learningsfromthatcourse,myaskingratejustwentupby80%.(Approx
impactofadditionalxx.yylakhsperyear).ThistoowhenIhavejustdone
afreecoursebutdedicated1012hrs/day.(ThisatU$25/hrformehada
timecostof42*11*1500=Rs70,000/approxapprox).Acomputation
frommylasttakehometellsitsapprox1,747.14%RoIinfirstyear
itself.Imaginewhattheimpactwillbeifonedoesafulltimepaidcourse.
Somesuggestedcourseswhicharehot:a)HumanComputerinteractionb)
AndroidDevelopmentc)Buildingdatabasedproducts
Conclusion:NothinggivesyouahigherRoIthaninvestinginyourown
brain.
Updated28OctViewUpvotes
Upvote 1.2k

Downvote Comments 12+

Share 18

SwapnilBhatnagar,SAPRetailConsultant,Burberry.
9.1kViews

Youknow,Iwouldlovetoanswerthisquestion.
Webothareinour20s
Webotharesearchingtogrowourmoney
IreadSanjay'sanswerandthelineonwhichheemphasizedisreallythetruth:
Bestinvestmentisonself.
Anyway,Iwillnotbewritingthesamething,butIguessIcanrelateyour
conditioneasilywithmeoranyofmyfriends.

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(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

Gettinginsidethequestion'sdescription,youhavealreadyseededsome
amount.That'sgreat.Let'snottouchthat.Keepthattotallyaside.You'lllove
these30,000rupeesmuchmorethan30,00,000rupeesafter30years.
Sowe'llstartfromminimalamount.Butbeforethat,openyourExcel,prepare
asheetwithanextraordinaryplan.Sayyoumakeasheetthathasallyour
financeslistedincludingSavings,Expensesonself,Expensesonfriends,
Investments,etc.Butthisistotallyanoptionalstep.It'sjustifyouwantto
trackeverythingfromthebeginningbecausethisis,finance.
Letmestartthisinpoints:
1. Now,ifyouwanttolimityoursavingstoyourbankaccountonly,andhave
patiencetoseeitgrow,IwouldsuggestyouRDorRecurringDeposit.In
this,youhavetodepositmoneyforoveraspecifiedamountoftime,for
whichtheywillgiveyouadecentrateofinterest(say8.75%).Itvaries.It
meansifyoudeposittheamountRs.3000monthly,at8.75%interestrate
perannum,thenafter12monthsyourmaturityamountwillbeRs.
37739.74(Checkmore@HDFCRecurringDepositCalculator )
2. Secondthingissomethingoutofthisbox,butyoucantrainpeopleatyour
homeforsomeamount.Like,myfriendtrainedafewpeopleabout
AutoCAD.Notthesame,butmaybesomethingrelatedtoyourinterest.
Butthiswillbeanexampleofshorttermearnings.
3. Nextthing,andpossiblythebestoptionifIneedtostartwithminimum
amount,isStocks.Ilovethem.Ijustlovethem.Inthiscase,bro,your
mindisyourmoney.Yourpatienceisyourasset.Youranalyticalskillsare
yourpayoff.AndyourinterestisaDiwaliBonus.Youpreparefor
competitiveexams,butsparingsometimeforthiswon'tevenbotheryou.
Juststartwithanalyzingmarket,learninghowinvestmentinstockworks,
learnwhichtypeofinvestorareyouvalueinvestor,oranIntradaytrader,
oragoddammplayerorwhatever!Theyhelpwithbothkindsofpeople
patientandimpatient.PatientonesareValueInvestors(likeWarren
Buffet)andothersaresubclassified.

Yousee,therearemillionwaystoinvestmoney.Butthebestyoualreadyhave
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(11)WhatisthebestwaytoinvestINR30,000inIndiafora22yearold?Quora

receivedfromSanjay.Spendonlearning,spendonyourpassion(buyaguitar,
buyacomputer,makeapps,anything),spendonyourdreams.Hesaysitso
well,thatifyouinvestinyourself,you'llbehappyattheend.Becauseeverytime
it'snotthemoneythatcounts.
Besmart,playsmart.
Afterall,it'syourlife.Youhavetomakeitlarge.
Written18Sep2014ViewUpvotes
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RanjanVarma,Facilitator,MaximumLivingprogram
4.3kViewsRanjanisaMostViewedWriterinInvestinginIndia.

Here'salistofactionablestepstoputyourmoneytowork:
1. Makealistoftheinvestmentoptionsthatyouknowoforhavebeen
recommended.
2. DoaresearchonMutualFunds.Ifyouaskme,mutualfundsarethemost
professionallymanaged,transparent,flexible,lowcostinvestmentproduct
withahighreturnpotential.
3. Spend20minutesongoingthroughauserguideonselectingmutual
fundsthathasbeencreatedbyanotherlaymaninvestor.(Nocrap,just
actionstepstheretoo!)HowtoselectaMutualFundin20Minutes
4. CreateaSIPafterselecting12mutualfundschemes.
5. Learnmore/Investinyourself.
What'simportantistogetstarted.Moneymanagementisalifeskillwhichyou
learnmorebydoing.Asyoustartinvesting,youwilllearnmoreandmore!
Written6Oct2014ViewUpvotes
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