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I am a student and i want to invest money where should i invest? |
i am 21 male living in hyderbad india. invest it in your self for the future There are a couple of different ways to invest your money. One you can open an IRA, or you can go to the bank and open a CD for a set amount of time, and that money will build intest over that set amount of time. The intrest rates differ from bank to bank, but i know some banks have an intrest rate of 9.9%. Build a Free Enterprise, it shall give you a residual income before you complete your studies. And at that time when your friends shall make a list of companies to whom they would plan to send their CVs you shall make a list of holiday places to visit. First of all you set the time of investment. When you talk about US Dollars, I think you must have brought in the money in US Dollars. First deposit the amount in a bank to make it legal. Next please contact a reliable local share broker and seek his advise. Meantime, you can think about SBI Mutual Funds. You may look into Franklin Templeton offers.Presently, the market is volatile. Give a gap of 7/10 days before putting in your money. Meantime, you can check on the net and do some R&D. not sure of the Indian tax laws; but a Roth IRA is a good investment strategy in the US only due to the tax consequences. you cannot invest in india. forign individual investers banned see dear dont know what rest guys are saying |
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