College is a great time to start investing. For most people, you’re just starting in life, with little debt and free time to spare. You might not have a ton of money yet, but any amount you put away now will pay off significantly in the long run (more on the power of compound interest here). It’s also a great time to learn about investing—and even if you don’t make a profit at first, it’s a good chance to get some experience without risking a huge sum of money. For instance merely by frequently looking up things like today gold rate in Kumbakonam 916 kdm can help you learn a lot about gold investing and how the prices change and what factors cause it to change. This would definitely be a valuable information later on when you invest bigger amounts of money.
You might be wondering how much it costs to invest, or how long it takes. Well, the great news is that once you get started, it can take as little as 15 minutes every few weeks to manage your investments.
- Debentures
Debentures are also considered one of the most reliable investment options for students. This is similar to bonds but just a little bit different. With debenture investment, you can enjoy more security than that with bonds because with debenture companies use their assets as collateral so that they can pay back your money if they fail to do so from their profits. So, it is an ideal choice with more security and high returns.
2. Mutual Funds
If you want to create wealth in the future and you have a long-term investment horizon, then mutual funds could be an ideal option for you. These are professionally managed funds that pool money from various investors and invest them in different asset classes like stocks, debt instruments, properties etc. Depending on your risk appetite, there are four types of mutual funds – equity mutual funds, debt mutual funds, balanced funds, liquid or money market mutual funds. Based on your risk profile select any fund that suits you the best.
3. Money Market Funds
Money market funds are low-risk investments plans which are open-ended mutual fund Schemes that primarily invest in debt instruments such as Treasury Bills, Certificates of Deposit (CDs), Commercial Papers (CPs) etc. These funds aim at generating reasonable returns while preserving capital by investing in short-term money market instruments with a maturity period ranging between 91 days and 1 year. Since these investments are extremely conservative, they have very little risk associated with them. You can opt for money market funds if you aim at earning high liquidity but within a given time frame.
4. Gold
For many years gold has proven itself as a safe investment option even during the economic recession in 2008 when other investment options were facing downfalls. The price of gold keeps on fluctuating due to its demand & supply, but it has always been rising and is expected to rise further in the coming few years. Gold can be kept in the form of jewellery or can be sold in exchange for money.
Gold attracts less risk and provides high returns in the long run. It is also very easy to sell gold in any part of the world. You can start investing in gold from as low as Rs. 1,000 per month through SIPs (Systematic Investment Plans) or even can buy small quantities of physical gold. To start investing just keep track of metrics such as gold rate today in Coimbatore for some time and then invest when the price is right for you. You can’t really go wrong with gold as it always retains its value. So feel free to experiment.
