Everyone knows, ideal money is a waste of opportunity. Most people are happy leaving their money in their bank account but why miss the bus. These are 3 ideas to choose from and best utilize your ideal money.
- Invest in SIP (Systematic Investment Plan). I am not taking about only Mutual Funds SIPs but Stock SIP. You can buy same quantity of stocks on a fixed date using your Trading/DMAT. Most of the brokers provide this stock SIP facility with their trading account. So, decide how much surplus you want to invest for how many years and split the funds into 2/3 stocks and keep buying those stocks for a period.
- Invest in a theme/sector with ready-made stock baskets – many stock brokers research and come up with theme/sectors which consists of many stocks in one theme. Just follow one theme/sector that suits you for good returns over the long term.
- Start investing in one stock, pick any good stock that is performing and keep buying some quantity of that stock every month. The amount you want to buy depends on the surplus that you have every month. This way you will build a good portfolio with average pricing as you buy on low and sometime at relatively high price.
If you follow any of the investment plans, you will slowly build a good portfolio which will give you very nice returns to meet your financial goals.
Disclaimer: Invest into Stocks and Mutual Funds are subject to market risk/ fluctuations. Viewers are advised to evaluate their own risk appetite and take their independent investment decision.
