We can divide
your total Savings into three parts:
1) Sacred Money
- You would never want to risk this part of your savings. You may keep this at
home under the mattress or invest in Bank accounts and in Government guaranteed
schemes
2) Serious Money
- This part of your savings you are willing to expose to a little bit of risk.
You may buy debentures issued by high quality companies, or you could invest in
FD's of good corporate.
3) Aggressive
Money - This you may use to invest in shares or other relatively risky investments
which have a potential of giving excellent returns.
Types of Savings
can also be considered based on the foll. Factors: Your savings time horizon
(i.e., less than a year; more than five years); and your savings need (i.e.,
Fun Fund, Retirement).
The amount you
want to invest and the
