How To Increase Your Savings » Small

How Do You Think A Person With Small Savings Can Make A Big Capital For Business?

External Contributor — Fri, 19 Feb 2010 06:35:04 +0000

It’s not the savings its the ideas and way to set up things. Be creative, write down a plan, use MPO (Other Peoples Money) by working on a business plan, no matter how small, people will see a story in writing, a way to start and the process to earning money, the way you will grow and share the profits.

What Is The Best Way For A 21 Year Old With A Somewhat Small Savings To Begin Investing Thier Money?

External Contributor — Sun, 07 Feb 2010 06:35:26 +0000

If you are working for a company with a 410K plan, definitely contribute the top percentage you are able to. I began when I was 21, and now that I’m 28 I have a HUGE amount of savings in mine.

How Can I Invest My Small Savings In The Blue Chip Companies As Beginner?

External Contributor — Thu, 14 Jan 2010 06:58:09 +0000

As a beginner, you perhaps may start with MFs that invest primarily in bluechips. HDFC Top 200 is one, thats in the 5-star category. The stocks would be drawn from the companies in the BSE 200 Index as well as 200 largest capitalised companies in India. Check its performance at http://www.valueresearchonline.com/funds…
Franklin Bluechip was another good one but last couple of years it has slipped in the rankings.
But since you are a beginner it will be worth your while to consider the following, before you jump in with your money. I have given some specifics below, but before that I am purposely trying give you a broader understanding of how to go about – making your money work best for you:-)
There is nothing like starting early, in your investing life and use the power of compounding to your advantage. To understand power of compounding, consider this excellent article at http://www.valueresearchonline.com/story…
Next, you can invest in a mix of the following strategies, depending on your investing risk profile, as indicated below. Invest only those funds that you do not need. Use these funds to invest wisely. You need to remain invested for the long term, since you want capital growth.
Conservative Risk Profile (you seem to be of this type; someone who wants his principle to be secure and is looking for a decent growth over the long term)
1. PPF (Public Provident Fund) – account can be opened with any State Bank of India branch. This gives you a compounded 8% return per year, is currently tax free, and is the safest instrument available. Invest 50% of sparable funds in that
2. A Balance fund like HDFC Prudence Fund – This Mutual Fund invests in both equity (65%) and debt (35%) instruments. This is one of the safest funds with a great track record of over 14 years, and has been giving a compounding return of around 20-25% per year. This fund has one important virtue: it manages to lose less than the category average in periods of downside. Couple this with its tendency to top charts & you get a safe & sure fund in HDFC Prudence. Invest 30% of the funds in HDPC Prudence.
check out HDFC Prudence fund analysis athttp://www.valueresearchonline.com/funds…
3. Equity Diversified MF -like SBI Magnum Contra, Reliance Growth.
These are funds having a very good long term record in delivering great returns with low to average risk. They have figured among the top fund ratings for a very long time. Invest the balance 20% in funds like these
Check out more on the top rated funds at http://www.valueresearchonline.com/topra…
Moderate Risk Profile (someone who can take a little more risk with some of his money)
PPF -40%; HDFC Prudence -30%; SBI Contra or Reliance Growth fund -30%
Aggressive Risk Profile (someone who can take higher risks with some of his money)
PPF-20%; HDFC Prudence -30%; SBI Contra or Reliance Growth – 50%

What’s Better? Opening A Small Savings Account Or Paying Off A Bill?

External Contributor — Mon, 14 Dec 2009 02:48:47 +0000

My husband and I have no savings account. (we did but had to close it due to an unexpected bill) Should we use all our extra money (which isn’t a whole lot) to open a new one or start paying down some bills?

What’s Better? Opening A Small Savings Account Or Paying Off A Bill?

External Contributor — Wed, 09 Dec 2009 00:38:09 +0000

I Had A Savings Bond In A Small Bank In Texas. How Do I Find It?

External Contributor — Fri, 04 Dec 2009 18:43:33 +0000

About ten years ago I received a seven-year savings bond for $100 and deposited in a small bank in Texas back in my hometown. The bank doesn’t even exist anymore – it is the parking lot of a church, and I don’t have the paperwork anymore. But it was deposited in my name, so I assume it’s still there, right? How do I go about searching for it?

Small Space Savings/organizing Tips For Apartment?

External Contributor — Mon, 14 Sep 2009 19:48:57 +0000

I’m moving to a very small apartment so I’m looking for some simple, cheap space savings ideas you might have. I can’t do anything like painting or knocking down walls.

What Is The Best Retirement Savings Plan For A Small Business Owner?

External Contributor — Fri, 11 Sep 2009 18:36:22 +0000

I’m a small business owner (4 full time employees) who does not offer any retirement plan or have one for myself. My employees are commission based only. What would be the best retirement plan for me and for all of us, individually? Thanks!

I’m A Uk Citizen And I’d Like To Open An Account In Japanese Yen But For Small Savings Amounts (<£5k) How/who?

External Contributor — Tue, 18 Aug 2009 00:42:18 +0000

I think the Yen has a chance of appreciating against the GBP over time but is there a cheap and easy way to do it? If I had a Yen account, would the money still be quickly obtainable? I’m 29 y-o and I’d like to gradually build up my savings so would this be an efficient way to do it? Many thanks for any help.

Place Where I Can Get A Savings Account With A Small Principle?

External Contributor — Sun, 31 May 2009 06:35:23 +0000

I’m 17 and want to save some money for college next year. I want to open a savings account somewhere with as high a APR as possible. The only problem is that most banks want 1,000 or more dollars to even open an account. I only have about 500 dollars. Does any one know any banks where I could open a savings account with such a small principle? I really want to start saving to be on my own next year!