How to invest in mutual funds for medium term growth
"for medium term goal, investment in mutual funds is still a sensible decision"
How I did it: i spoke to my friends in mutual funds industry and they got me some great plans.
i checked the plans available and the companies the mutual funds were investing in, and then picked up the plans which i felt would give good returns in next 3 years.
Based on this knowledge, i invested around 10% of my income in mutual funds and also invested 10% in other schemes like provident fund.
Lessons & tips:
Even though the market is down, it is now more than anytime else that one needs to invest in order to get great rates!
As Warren buffett says (something similiar), "be scared when others are greedy, be greedy when others are scared"!
Also, one thumb rule is to invest only upto 20% of your income.
