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     CURRENT ISSUE SEPTEMBER 25, 2006
 
   MONEY TODAY: MY MONEY
 
Lights, Camera, Profit

Walking the ramp fetches good money but income is erratic and careers short. No wonder these four models have some investment tricks up their sleeves.
 

URVASHI SHARMA
I always invest in mutual funds and life insurance policies. There are various LIC schemes that you can choose from and these are absolutely safe because they are government-backed. I stay away from shares because they are like lottery. If you are lucky, you get good returns, else you lose what you have. But with life insurance, you are sure to get your money back, with interest.

MUGDHA GODSE
I always prefer to invest in property because that gives you the best returns. In a place like Mumbai, property is an asset that always appreciates. I recently bought a new house in which I invested a large part of my income and savings. Public provident fund is also a safe option and I have put in some money in that. Shares are profitable if you play safe. I don't understand the share market too well, so my father invests on my behalf.



SANYA SHEIKH
At the moment I am just spending and enjoying my life without keeping a tab on my money. But soon I intend to invest in shares. I am just waiting for the market to stabilise before I put my money in it. Besides this, my mother has invested some of my money in life insurance policies since they are safe and guarantee returns.

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SCHEREZADE SHROFF
Most of my earnings go into mutual funds or life insurance policies. In modelling, our earning is very erratic. So, when I get a large sum, I put it away in long-term policies. I am generally clueless about the stock market but dabble in shares sometimes only after a lot of advice and help from my parents.




-Compiled by Aditi Pai

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SEPTEMBER 25, 2006
 IN THIS ISSUE
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