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It is currently Wed Apr 23, 2014 10:39 pm




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 Post subject: How to Set Saving Amount?
PostPosted: Sun Oct 28, 2012 2:30 pm 

Joined: Sun Oct 28, 2012 2:21 pm
Posts: 1
I have sort of confusion. Please guys help me out.

By recurring Fixed Deposit I saved $30,000 and I withdraw this amount now. With the same way, I would like to double my amount approx $60,000 this year. Here I confuse, I can save only $30,000 by my income and I have planned to reinvest the $30,000 in Recurring FD. In that case, what should be my saving amount?

If I will save $60,000 in that case why will i reinvest my amount ? I can utilize my $30,000 somewhere else and earn interest amount.

If I would like to invest only in recurring fixed deposit. What should be my goal setting amount at this stage? I would like to reinvest my $30,000 & my monthly saving income only.


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 Post subject: Re: How to Set Saving Amount?
PostPosted: Sat Nov 03, 2012 7:07 pm 

Joined: Sun May 29, 2011 4:50 am
Posts: 150
I'm afraid most of the people on this forum are in the US and are not familiar with recurring fixed deposits available in India.

Can you better explain what you're trying to compute?


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