What is the best that i can do with this Money?

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I'...

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What is the best that i can do with this Money?

Hi i'm 28yrs with no regular job, and no specific training or education, still i have managed to save rupees 35,000 working as a musician. can somebody tell me what would be the best investment i could make of it. simply asking what would be the fastest way to multiply it with minimum risk?

Thor

It is a nature of money that you cannot "multiply it with minimum risk".

They pay you for taking risk. Risk and return is a ratio, directly related.

Fast money doesn't come at low risk, only VERY high risk. And chances are you could lose it.

Few ever multiply their money fast except by luck. Most people get rich very slowly over a long time with a lot of hard work and careful investing.

Reisinginertia

I would open a CD... that's about the right amount of money for that I think. CD (Certificate of deposit) is a good way to accrue interest on an investment; I've got one in the bank right now that's at like 3.4 % or something. These come in different varieties, so I would go to the bank and ask about a CD. It seems like the avenue you'd be best to go down.

Hannah

You could possibly open a buisness, or buy one.
If you are a musician, I would suggest probably a recording studio of some sort, or you could make a CD, but you don't exactly know if it will sell or not. But yeah.
I'm not sure.

SadieBrown

I would talk with a financial adviser. They can help you with the right investment choices. I would keep friends and family out of it. And do not tell to many people. You will be surprised by how many hands will be asking for some help. You have worked hard for the money. Since you are so young maybe you should go back to school. I know you want to multiply the rupees but nothing is a quick fix. Keep on working and having fun. You must be very talented. Best wishes!

Oueen of the world

do something by which you will get more money like some business, or in share market or something like these

Good Man

You can go in for Bank's Fixed Deposit which will fetch you 11% interest per annum.

Madboy P

You can go in for Fixed term deposits as they are offering around 11% returns these days with least risk.

shyam_iter

Well as of now you can open a Fixed deposit in a local bank atleast your money will remain safe.

g00glesucks

local short term bonds

nope

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