For home-makers and laypersons, investing is not an easy task. First, you must sit down and write the following :
1. What are my monthly earnings ?
2. What are my average monthly expenses ?
3. How much money can I save every month ?
4. What types of various schemes do I wish to invest in ?
I RISK FACTOR:
(a) High risk, high returns
(b) Low risk, low returns
(c) Medium risk, medium returns
II: LOCK IN PERIOD:
(a) Long lock in period suitable for senior citizens and elderly
(b) Short lock in periods, suitable for the 30 + investors
(c) Medium lock in periods, suitable for the middle aged with at least
15 years of earning potential left.
III: AMOUNT TO BE INVESTED
(a) Substantial amount
(b) Medium amount
(c) Small amount
