Need help on Investing

[sunil2007]

I'm 22, getting a Salary of 8000 per month, planned to Save 1500 Per month
Please give some ideas where to Invest and Best saving options

I dont want to put 1.5K in single plan dont have to wait for an avg interest, I like to spend 500on three different plans and i want it to be a long time investment

please share your views and help me friends

[Bal.Leona]

Welcome!

To help us give you a little better advice, most people would probably ask some questions relative to your whole financial picture, such as:
- Do you have any savings you could access immediately in an emergency? Conventional wisdom is 3-6 months of living expenses set aside in a savings account or something you could access at any time if things went bad.
- Is the money you want to invest for retirement? A car? A house? There are certain types of accounts that are just for retirement but have some tax advantages. Since they are intended for retirement, they generally have penalties for withdrawals before about age 60.
- Does your job offer a 401k or other retirement savings system? If so, do they do any matching of what you deposit?

[sunil2007]

right now i dont have any debts and im saving 2000 for my emergency purposes, I have already set a backup amount for essential and emergency uses, now i want to invest 1500 for a month for my future hope that will make my future family a rich one

im from India from a avg background, I want my next gen to live rich