What to do with Savings
Okay. Now that you have some savings at hand what should you do? Keep it in a relatively safe avenue like a bank account, fixed deposits etc. or invest in a more growth oriented avenue like mutual funds or stock markets.
While the answer to this question would be different for everyone, there are some basic guidelines that have been put together to help each person figure out a right answer for themselves. A lot will depend on the life stage at which you are currently and hence what are your goals, what is the time horizon you have for investing, how much risk can you take etc.
However, irrespective of which life stage you may be at, it is very important to first keep some provision for emergency expense before you start investing.
