Post
Personal Finance
5mo
a sales executive
How can I grow my 2L savings in 6 months?
I'm a bit late to investing and my income was low in the beginning. I have around 2L saved up. How can I make it grow faster? I'm earning 30k per month now.
gemsbond
5mo
works at
Mere pass scheme hai. 25 din me paisa double. Laxmi chit fund!!! 🤣
importantscorpion
5mo
works at
(313)+(303)=183
183/25=7.32
Op he'll get it multiplied by 7 times. You can beat the mother of index.
an assistant manager
5mo
Build an emergency fund first...
a deputy manager
5mo
Only if you are ready to take risk Go for Trading
Buy shares
Or of you take my suggestion, Just keep this amount as emergency fund
And focus on increasing your salary
salaryhikedo
4mo
works at
Keep 1 L for emergencies and start with Mutual funds (SIP)
thestranger
4mo (edited)
works at
Start an SIP meanwhile staggered across High and medium risk profiles depending on how agreessively you want to multiply
Buy Silver or Gold in limited quantities as a fail safe rather than keeping a emergency Fund. Easy to sell and definitely grows more than your savings account interest rate
January 2025 a lot a people expect the stock market to drop. So when that happens put your money in safe bet stocks in limited quantity and enjoy the dividend payouts for exploring future opprotunities
Ensure you have life insurance though before any of this
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