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#5. Cars Are Consumer Goods

Tuesday, April 17, 2018, 2:00 PM

Walmart billionaire Jim Walton drives a 15-year old pickup truck. Don't waste time on the idea that a car is a status symbol. Sure, if you're a car-aficionado, there's nothing wrong with restoring or buying that sweet ride you've dreamed about, if you can afford to. But for most people, including rich-people, getting from Point-A to Point-B in safety and reasonable comfort is sufficient.
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#5. Debt mutual funds

Wednesday, April 11, 2018, 12:40 PM

Some debt mutual funds offer better returns than bank deposits. They are also more tax efficient than bank deposits, which makes them a better choice. However, you need to opt for the safe child plans more than anything else. Go for them if you are planning a very long-term investment, given the fact that they give better returns in the more long term.
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#3. Gold Saving

Wednesday, April 11, 2018, 12:35 PM

You can invest in gold for a child of yours. But, do not do it through physical-gold. The best option would be the gold ETFs, because there is no locker and other storage charges. Also, you can invest in the electronic form and there is no worry of theft. Gold has generated much better returns than most asset classes in the more long term.

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