Many investors want to make investments in such a way that they get high returns quickly as possible without the risk of losing their principal money. This might be the reason why many people are always on the lookout for the best investment plans for doubling their money within a few months or years with little or no risk. So, while selecting an investment avenue, you can match your own risk profile with risks associated with the product before investing. Below are the steps in where to invest money to get good returns.
Making money online is very easy where you can buy stocks online. You can buy the stock through a broker, a financial planner, or an online platform. You can buy and sell them through a platform like E*TRADE and this kind of site can assist you in similar ways as a broker. Stock will help in making your money double quickly because of each share when you represent a piece of a company.
Debt Mutual Funds
Debt Funds are suitable for investors who need steady returns. They are less volatile and considered less risky when compared to equity funds. Debt mutual funds primarily invest in fixed-interest generating securities like corporate bonds, government securities, treasury bills, commercial paper, and other money market instruments.
Bank Fixed Deposit(FD)
A bank fixed deposit(FD) is considered a comparatively safer choice for investing in India. Under the deposit insurance and credit guarantee corporation rules, each depositor in a bank is insured up to a maximum of Rs 5 Lakh for both principal and interest amount. Bank fixed deposit is the perfect place in where to invest money to get good returns.
You have a lot of options when it comes to making money through real estate. For example, every time the property value increases, the value of the investment will grow. You can give it for rent and collects payments regularly. This can be an additional Immediate income to your existing one.
The above-mentioned plans are the ideal places to invest to get high returns with minimum risk. Hope that I have covered all the topics in my article about where to invest money to get good returns. Thanks for reading!