Generally,it is a common belief in India to hold savings in the form of Fixed deposits,because it is safe and easy to get your money back,when you need it most.But playing safe,you can’t expect to grow fast.Of course,what you can do is to start your savings with FDs and after you have attained a satisfactory level of savings,you move on to Gold.Gold had value,has value and will continue to hold value,because of the fondness of the people for yellow metal.Its value will continue to increase because it is always considered a safe bet and has greater liquidity also.You can dispose it whenever you feel like having the need to have cash.FDs and Gold can be kept in the same category in terms of liquidity.
The latest trend and the most volatile of all investments is the cryptocurrencies. Starting with the leader Bitcoin,you have other followers who have made good strides and has a value of their own are Ethereum,Ripple,Litecoin and Dash.They have captured a good market and have a good value. But remember not to put all your money into one coin. You should diversify your portfolio and invest proportionately in all the coins.Always try to take the advice of crypto experts before investing and building your portfolio.Of course self R&D always work and helps in building confidence,but self knowledge should always be matched with the advice of the experts and future action should be taken accordingly.
AND THE MOST IMPORTANT POINT TO BE NOTED WHILE INVESTING IN CRYPTOS IS THAT YOU SHOULD INVEST ONLY THAT MUCH AMOUNT THAT EVEN IF IT LOST IT DOES NOT HAVE ANY BEARING ON YOUR CURRENT STANDARD OF LIVING.MEANING YOU SHOULD INVEST ONLY A PERCENTAGE OF YOUR SAVINGS IN THE CRYPTOS JUST FOR CHECKING THE WATER AND ONCE YOU ARE IN AND CONVENIENT YOU CAN INCREASE YOUR INVESTMENT.
And what happens to Indians, where trading in Cryptos is banned. They can see other avenues like Share market, but they should do it with a time Horizon of 10-15 years. It is better to purchase some shares of a blue chip company immediately after a child is born, and by the time that child is 21 years, he would have some amount in his hand to start his life. But having said his, it s also necessary to say here that you should do a thorough research and take professional advice before taking any decisions.