I got paid for the first time from an online internship. It was a meager stipend, and back in college, all my needs were by my mother. I had nowhere to spend. The wage lay idle in the bank account. Your own money serves two purposes. First is you are not answerable to anyone if the investment sinks, and secondly, since it’s your blood and sweat, you don’t make a reckless investment in the decade.
1. Take the middle path: Risk + Returns. Start with a blue-chip capital locked SIP with a monthly premium that is medium risk. Playing too safe will lower your interest rate, and playing on the edge will require your full attention every single day. Invest somewhere where you don’t lose sleep. People tend to overlook mutual funds, thinking it requires efforts. My husband is working for five years, but he opens his first Demat account only after I tell it to him.
2. Go for chunks: PPF and ELSS are tax-free investments wherein you can pool as much as 1.5 lacs without having to dish out a penny as tax. I invest the money at one go around April to receive the highest returns. Zero risks, moderate returns, zero tax.
3. Forex trading: Sign up with an online portal, read their TnC, invest in conservative quantum initially, and then go berserk when you understand the nuances. It is, however, time-consuming but be in the assurance of returns.
4. Stay updated: Reading about new investment schemes is the essential step.
We all know of Warren Buffett, whose 80% of the wealth stems from the right investment decisions. You don’t have to inherit wealth to be productive, investing can do the needful for you.
Best Investment Strategies Of The Decade
Sell covered call options on your stock holdings to earn the fees. Those stocks that are paying a nice dividend to own them are great choices. You stand a chance of having your inventory bought away from you, but it’s very likely to be at a profit. You get a stock price profit plus the dividends and the options fees you’ve collected. It’s possible to earn the dividends and options fees for many quarters or even indefinitely. It is done with stock prices rising and falling. Of course, you’ll want to study and learn about options trading. There are several or many online options advisory services that will help you learn and even provide daily or weekly trades.
The Buffett value style is a great long term investment strategy that’s easy to learn about. He sells call and put options on his holdings too. You can read Value Investing by Benjamin Graham to learn what Buffett learned in person working for Graham in his early days of funding.
With smaller capital use, I always suggest buying and selling goods. Used deals on popular items are plentiful. Many things can be in finding and purchasing for a few dollars and sell for 3 to 10x more within days, weeks, or a few months. A 300% return in a month or two is killing it. Even the right used car can be bought for hundreds, cleaned up, and resold for a couple thousand. 150% profit within a few weeks is utterly fantastic. Great deals are all around us.