5 Best Investments in 2020

 5 Best Investments in 2020

Introductions:-

            Nowadays people know how to earn money but they don't know how to invest or how to manage their money. So here I will gonna tell you the 5 easy investment sources that will help you to manage your money and grow more wealth.

So let us discuss the top 5 Investment and more about it:-

1- Fixed Deposit:- 

                                       Fixed Deposit is the financial instrument that provides safety from banks and it also gives a guaranteed return. In the banks' fixed deposit to get the interest rate up to 6-7% If you invested your money for 1-2 years or more.

  

 Fixed Deposit is the safe investment for the investor which guarantees return up to 6-7% which depends on the banks every bank has their interest rate for FD.

Here is some bank with their Fixed deposit rate of interest which helps to select a bank and make your first investment.

            Banks                                          FD rate of Interest

• Bank of India                              6.30% of interest rate 
• HDFC                                            6.40% of interest rate
• Axis Bank                                      6.65% of interest rate
• ICICI Bank                                    6.25% of interest rate 
• Indusind Bank                               7.00% of interest rate        

 5 Best Investments in 2020 

2:- Share Market:-

                 Share Markey is said to be as the equity market, where the buying and selling of stock have been done. A share market is a public entity for the trading of company stock that is used to exchange is organized and regulated financial market.

The share market is one of the most important sources for companies to raise money from the public through the share -market and then the companies give their share to the public. In the share market, there are two sectors which are BSE and NSE where the company ranks to sell to buy their stock.

The BSE is known as the Bombay Stock Exchange and the  NSE is known as the National Stock Exchange where the BSE has the top 30 Companies which is known as the Sensex 30  and NSE has the top 50 companies which are said to be a Nifty50.

The BSE is the most seasoned stock trade in Asia, while NSE is the biggest stock trade in the nation. Where the BSE is has Sensex and NSE has  Nifty which both has indexes and indicators show the up and down of the stock market.

 5 Best Investments in 2020

3:- Gold:-

Gold of knowns as the Commodities Investment. Gold is another wellspring of the venture, where individuals put away cash and purchase gold. 

The current costs of gold are 46,655 rupees.

 5 Best Investments in 2020

4:-Recurring Deposit:-

                                       RD is another sort of store dependent on the ordinary salary to store a fixed measure of cash every month. 

  The bank which is best for RD:-

1. SBI RD                 -        5.5% to 5.70% Interest rates
2. HDFC Band RD     -     4.50% to 5.75% Interest rates
3. Axis Bank RD        -      6.05% to 6.50% Interest rates

5 Best Investments in 2020

5:- Mutual Funds:-

Mutual funds gather cash from individuals and make a pool and put resources into the securities exchange. A mutual fund is a source of investment, it the best option for investment if you want to earn more wealth.

Then you can try Mutual funds. A shared store has a risk however in the event that you put resources into the correct assets, at that point you will acquire to an ever-increasing extent If you Invested in Mutual Fund You just need to be patient.

 The most Important think of the mutual funds is you just need to keep in mind when to enter in it and when to exit it.

 5 Best Investments in 2020

FAQ's:-

   1:- What are the Highest prices of gold in history?

  - $1900 gold per pound.

 2:- Which is  Better FD or RD?

- FD is better than RD because the interest rate of the FD is far better than RD, and in FD we need do is a  one-time investment. 

3:- Is the gold price going down?

- It all depends on the market, For Ex:-Due to the  COVID-19 market has fallen down that way the gold price is unstable. Sometimes it goes down and sometime it will go upward.

Books:-

The Intelligent Investor:-https://amzn.to/2ApbRnz

Rich dad Poor dad:- https://amzn.to/3cUj5go

 The Richest Man in Babylon:-https://amzn.to/3dSdN6F