{"id":3340,"date":"2023-08-17T11:36:46","date_gmt":"2023-08-17T11:36:46","guid":{"rendered":"https:\/\/blog1.gwcindia.in\/?p=3340"},"modified":"2024-08-23T10:24:57","modified_gmt":"2024-08-23T04:54:57","slug":"top-10-types-of-ideas-on-investments-to-create-huge-wealth","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/top-10-types-of-ideas-on-investments-to-create-huge-wealth\/","title":{"rendered":"Top 10 types of ideas on investments to create huge wealth"},"content":{"rendered":"
Diversifying one\u2019s portfolio beyond stocks is essential in the present market. Time and again experts have stressed on the mantra of diversification. If you\u2019re looking for ways to create wealth and enhance portfolio performance, you have to go beyond stocks & mutual funds and create a diversified portfolio. Fortunately there are several non stock\u2013market linked investment options that you can use to achieve this goal.<\/p>\n
Some personal finance experts who suggested some options that you can explore in 2023 to build wealth outside the\u00a0stock market. Let\u2019s understand the top 10 ideas on type on investments to amass huge wealth.<\/p>\n
1) Corporate Bonds<\/strong><\/p>\n You can invest in\u00a0corporate bonds<\/a>\u00a0if you wish to earn stable returns over a 12 to 36 month period. This investment is ideal for risk-averse investors seeking to beat inflation, earn more than fixed deposits and move idle money sitting in their\u00a0savings account<\/a>\u00a0to an asset that can earn up to 11% YTM. \u201cYou should opt for listed and rated corporate bonds here as they give you an additional layer of credibility,\u201d says an expert.<\/p>\n 2) Digital Gold<\/strong><\/p>\n Digital gold<\/a>\u00a0is a mode of investing in physical gold. It is just like the regular gold, can be bought online and is stored in insured vaults by the seller on behalf of the customer. You can buy or sell 24 karat Hallmark gold for as low as\u00a0\u20b91.<\/p>\n \u201cGiven the current macros, investments in gold either through ETFs, digital gold or even through sovereign wealth bonds is an interesting option,\u201d said Sucheta Mahapatra MD at Branch International, India.<\/p>\n 3) Fixed Deposit<\/strong><\/p>\n Fixed deposit is a safe investment option that guarantees consistent interest rates, special interest rates for senior citizens. In order to combat inflation, the RBI has increased the repo rate by 225 basis points since May, reaching 6.25% in FY23. The hike in repo rate has made the\u00a0FD rates<\/a> more lucrative for investors. Term deposits can also be considered. \u201c3 year+ FDs that are now offering yields upwards of 8%,\u201d Post office deposits like NSC, PPF, RD, FDs, MIS etc, are also attractive.<\/p>\n