It all started with a thought of Tax saving instruments. Equity based Mutual Funds have been my favourite may be because of my hidden gambling instinct or may be because of the glamour they bring with their seductive names :P Take for instance ABCD Top 100 Benchmark Balanced dividend 96' scheme. Wooooooohhhhfff, I never even learned this big formulas or definitions in class 9th, I used just skip such terminologies. The terminologies & the complexities have always bogged me down. How many of you really get into the depth while investing in a MF? And Even if you get into it, will you ever be sure, satisfied & be aware where your money is being invested. MF is a pure bluff, it is all luck & overall market performance dependent.
Than there is Debt instruments, PPF, FD etc. . Why the hell should one deposit in Debts?? For that 6-7% annual returns on FD? But yes may be for safety& security they bring with them.
Invest in property if you have that much money, or buy gold if tax saving isn't on your list....
But the best of all is buy onions, dry them & store them for future use. Buy Garlic, dry them or make a paste & bottle it for future use. Make tomato pures. Deep Freeze potatoes, Peas & other veggies. Biggest thing is nearly all of us know the business of veggies & it might fetch annual returns of 400% - 800%. My mum did that, not with a thought of savings but to make things easy for her. The benefit she is reaping goes like this...
Onions - avg. consumption .250kg/day - sun dried about 3 months back - Benefit of Rs. 15/day i.e Rs. 450/ mnth & Rs. 5400/ year. Similar goes the story of Garlic, Tomato & Peas. Bingo! I have cracked the formuls to becom rich.
No No No, I am not freaked out.... But the crazy onion prices @ Rs. 80/Kg is the reason. Garlic @ Rs. 150-200/Kg is the reason. Who thought the tomatoes which were sold for under 10 last year will touch Rs. 40/Kg this year. Thats an annual return of 400%. Drying, Making puree & preserving veggies isn't a bad investment at all. I swear.
Bingo, I cracked it :)
2 comments:
superlike :)
Thank you :)
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