I was wondering if I would be
able to make rupees one crore (10 million) in next 10 years. I dream big but
have little money in hand. I work hard and save every penny daily. I dream that
my son would have no pain in pursuing higher studies because of dearth of
money. I dream to provide my family the best lifestyle they have ever dreamt
of. I dream of giving my parents and my family the best healthcare. If I can do
all these, I am sure that I don't have to think much for myself. I stand firm
and take a deep breath. "Can I really achieve these or I will
compromise?" Investment, in the true sense of the term, is not for those
who lack courage to sustain, intelligence to follow timely advices, and
tenacity to fulfill dreams. This is the fact of every serious minded Indian
youth and I am no exception. In India, you will find many good investment plans
and you are the best judge to select the most suitable one out of the best investment plans in India.
I hired my friend, Robin, who works in Mumbai stock exchange as a share market
analyst. He advised me to invest in real estate industry. While I am gaining in
this field with a short investment of rupees 10 lacs, I am saving money through
recurring investments in mutual fund. I deposit a substantial part of my saving
in share market. I generally buy best blue chip stocks.
Know the Investment Types
With this three-way investment
plan, I feel confident to make my money grow even more than one crore. Apart
from the fantastic investment plans that I am following, there are other
profitable investment
plans in India. You can invest in sector based mutual funds, large cap
mutual funds, company fixed deposits, investment in gold, silver, and IPOs to
grow your invested money higher and higher. What may grow your money in the
best possible way may not work for me well. Any of these plans or a combination
of these investment plans can bring you one crore in next 10 years.
Start Small Grow Big
Every big thing has a small
beginning. While investing, remember this simple truth. Systematic investment plan
(SIP) works on this principle and, you can believe me, this universally works
good. Through SIP, one can invest in a mutual fund with the help of small but
regular investments. SIP makes you enable to practice the habit of periodical
saving which is the very basic of any investment. Discipline, rupee cost
averaging, and power of compounding are the three most important benefits of a
SIP. As there is no entry or exit load on investment through SIP, investment of
this kind is simple and convenient.
A Caution
I personally believe that
investment is an art. But, you need courage to master the techniques. If you
have courage and patience, your money will grow big. One caution: your wrong
choice of expertise may ruin your fund. So, hire somebody who has sound
practical knowledge in investment in Indian market along with share
trading.
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