Alternate investment options other than equity?
Context- 21M, recently graduated and landed a job as an IB analyst in a bulge bracket firm. Getting in hand around 72-75k a month. Thing is, as I’m on the private side and am privy to a lot of confidential info, we are not allowed to hold or trade in any equity. Even in mutual funds I’m only allowed to buy close ended mutual funds. Living with parents so no rent or any major expenses, spend around 5k a month in travelling/ miscellaneous expenses. Some options my parents/ friends have suggested-
- Buy jewellery and hold
- Get LIC Jeevan labh plan (lock in period is too long, plus job provides insurance coverage hence am not too keen on this)
- Buy a fixed amount of gold or silver every month
- FD (as a last resort)
Any other options yall can recommend please? Or should I choose from one of the options above?