When you take a look at the newspapers in the morning, you see more news on "DECLINE" in almost all asset classes and if not declining , they are volatile otherwise. So where can we put your money (if at all you are left with some money after being battered with losses in markets)
In these troubled times, "Cash is King" the best way to survive this downfall is just to keep accumulating your savings bank account with loads and loads of cash as and when you get them.
Reasons for being in Cash
1. The first and foremost reason to be in cash is that you have control over your money. In current scenario markets are driven by all kinds of external dependencies and is more sensitive to global economic condition.
2.Capital Protection is a must in these troubled times and one should minimize the risk of losing his/her money.
Where to park my cash
1. The best and most safe instrument is fixed deposit. Most banks offer 10+% interest on 1 year deposit. This is the safe heaven.
2.Investors with more risk appetite can go for liquid funds,FMP and other short term debt mutual funds.
Reiterating once more, "Cash is King" is the film Name and You are the real hero if you have cash right now.