Mika
VIP Contributor
Here are some options you can explore. I have also shared the pros and cons of these methods.
#1 Start your own company
Pros: You have an option to grow really big by continuing to reinvest your profits.
Cons: There is a lot of work to do, but there is also a huge risk involved.
#2 Invest in other companies or businesses through the stock market or direct investment
Pros: Not only your stock price will increase, but you will also earn from dividends.
Cons: If you don’t know about the stock market and don’t know how a business operates, you are ruined
#3 Invest in Mutual Funds
Pros: A fund manager will invest your money in profitable areas and make money for you.
Cons: Mutual Funds are also subject to market risk. They are not full proof.
#4 Put your all money in a fixed deposit
Pros: You can compound your savings and get maximum return.
Cons: The rate of return is small, the maximum you can get is 12 percent per year.
#1 Start your own company
Pros: You have an option to grow really big by continuing to reinvest your profits.
Cons: There is a lot of work to do, but there is also a huge risk involved.
#2 Invest in other companies or businesses through the stock market or direct investment
Pros: Not only your stock price will increase, but you will also earn from dividends.
Cons: If you don’t know about the stock market and don’t know how a business operates, you are ruined
#3 Invest in Mutual Funds
Pros: A fund manager will invest your money in profitable areas and make money for you.
Cons: Mutual Funds are also subject to market risk. They are not full proof.
#4 Put your all money in a fixed deposit
Pros: You can compound your savings and get maximum return.
Cons: The rate of return is small, the maximum you can get is 12 percent per year.