Thursday, February 17, 2011

Simple Investment Rules

Contingency Plan and Savings

Always have a plan for your emergencies. They dont come to you giving you time to prepare. Its just that you need to be prepared for it.

Keep aside 3-6 months of your monthly expenses aside in a liquid investment. This could be Fixed Deposits.

Invest in yourself from day 1. If you are not doing it, then start today.

Reading various articles on the simple Investment tips, here is what I follow to take care of both these.

Every month I put in a fixed amount in to a Recurring Deposit. This also makes me to invest regularly into a savings plan and also create enough backup for emergencies

Preferably create these RD Account's which you dont use regularly and give in to your impulse purchases.
In the Bank where I have got an account created, I dont even have a Debit card.


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