Finance today…
Hello Guys,
Today was a great day, the most great thing happened today was, we got our salaries, well I didn’t hoped that it will be real soon but yes it is not here, there was a small issue with the account which was actually about the Third Party Transfer, so before this I was just allowed to transfer money from HDFC to HDFC only, so it was clear that I need to register for third party transfer but for it I needed the pin of ATM card which was not created till today.
So, I just went to create the pin first then registered for the Third Party Transfer, so now I can transfer to anyone, well after that I just started searching about different investment plans, I don’t have enough fund for now to do all that but atleast I can start from small investment plans.
I have looked in Public Provident Fund and SIPs in mutual funds, well I don’t know about SIPs but I am very much interested in PPF, I am not making the PPF account in this month (hope so), but I will definitely have it in 3 to 5 months, actually one of our senior from WIPRO only have suggested us about investment in PPF.
I researched about it as I don’t want to take risk with my salary, so I just checked it and literally it is one of the safest investment plan I ever heard of, it is public, it is operated by government and whole process is transparent the rate of interest is same over every bank at a time, as because it is government operated so bank’s shares or capital doesn’t work here which makes it the most safe investment plan.
However I don’t believe in our government though they won’t mess with PPFs, so I am planning to start it, sir told to start it as soon as possible to get most of the benefit, so I will be having it in 3 to 5 months, well after that I looked for some more investment plans with some less durations as PPF is of 15 years so I am thinking to have some less duration plans also.
So, here SIP came to picture it is based on mutual funds so are subjected to market risks, well now it is dependent on your understanding of the market and the type of SIP you are choosing to have the level of risk, you can have low risk, moderate, high or very high all depends on your choices, so for that I am seeking help from someone who have some knowledge in finance and stock market.
Well, that is all for today as today I am just thinking about how to invest and where to invest so that it could benefit me, well everyone who can, must do investment it is always better then savings, well rest is all your choice, let’s see what will happen in future for now I know that tomorrow I am having meeting and the detailed project are going to be discussed tomorrow so let’s see what will happen till then hoping for the best and waiting for the rest…
“Risk is the first fear to the success, if you overcome that fear then only you can proceed…”
