Fixed Deposits, Shares or Gold
@ashish_answer (784)
India
2 responses
@bbsr13 (4196)
• India
14 Dec 08
Hello,Ashish! I have no bank balance.I save some money every month in postal savings bank which will mature in five years and after that I will reinvest the money in fixed deposit scheme.It is no use investing money in gold because you will face lot of problem in it.I am also not in favor of investing in share market as there is much risk.better to invest money in fixed deposit scheme.thanx.
@ashish_answer (784)
• India
14 Dec 08
ok.. this approach which you follow is also good but very conservative and growth is limited. IF you are ok with it then no issues.
@James72 (26790)
• Australia
14 Dec 08
Fixed deposits are generally stable if you can ensure that you have an insured deposit, but they do in turn provide one of the lowest returns on investment. I still am of the opinion that gold is one of the most stable because it all comes down to supply and demand and it's value usually holds very well. Returns are generally much higher also and it is a commodity that can pretty much always be liquidated. Fixed term deposits generally come with penalties if you need to access the money prior to maturity so gold also provides far more flexibility.
@James72 (26790)
• Australia
14 Dec 08
Gold is definitely a more stable option and will hold it's value well compared to many other options such as stocks/shares. Whenever there is economic uncertainty, it is a very popular investment option of many. Many people though make the mistake of buying jewellery though which then puts them at the mercy of sometimes unscrupulous traders. The best option when buying gold is to purchase bullion if possible as the only factors when selling it that will be taken into consideration will be it's purity and weight.
