New Investor? Avoid These Investment Myths
2. Fixed Deposits are My Best Bet
In this world of unsure return on investments, going for the safest bet is the obvious way out but it does not reap good rewards in the long-run. Fixed deposits might guarantee a fixed amount of income but its inflexible nature can be restrictive. Fixed deposits do not provide very high returns, when compared to stocks or mutual funds. Their benefits also cannot be reaped to the fullest if they are broken before their maturity. Moreover, fixed deposits don’t offer protection against inflation. In addition, FDs do not get generous tax deductions either.
