Investment Ideas to Look Out For In 2016
By SiliconIndia
BENGALURU: We all think of investing in mutual funds, equities as we expect good returns from them but there are some other alternatives where in you can invest in this New Year. You may join a thoroughbred consortium to part-own a race-horse or buy a few pieces of art, according to indiatimes.com.
Horse Sense:
People from rich background are now putting their money in horse races, especially places like Mumbai, Bengaluru and Chennai have started participating in consortiums that bid for high quality blood mares. The idea is to partake in the horse's prospective race winnings and future bloodline sales. Well-bred horses are valued in the range of Rs.40-60 lakhs. The owner will have to spend about Rs.30,000 every month for the upkeep of the animal.
Gold and Diamond Investments:
Investing in diamonds and gold is a very good choice as many of the investors are now opting for it. Diamond Price Index on Divine Solitaires slid from Rs.3.78 lakhs per carat in January to Rs.3.61 lakhs per carat by October-end before moving up to Rs.3.73 lakh per carat, currently. The prices will be firm in 2016, mainly because of low supply and we may not see any phenomenal price increase this year.
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