One of the most rewarding methods of reaping high profits from your savings is by making alternative
investments in foreign countries or even in your mother country, if you happen to be an immigrant in
some country. These schemes prove to be lucrative options for getting extra benefits from the saved
amount and also imparting to the development of economies as such.
Trying to use our money to generate more of it is something to which all of us look forward to. One of
the easiest ways to do this is to invest in foreign stock markets through the means of alternative
investments. This is because of the recent rise that some of the international stocks have displayed.
Some of these markets belong to fast growing and developing countries and they represent a great
collection of small and big companies which are proving their worth on a global scale.
These markets are proving to be lucrative grounds for investors from within and even for those who
come from outside their countries. The reasons for this are the various kinds of schemes and investment
options they put before the potential investors. Non Resident Ordinary (NRO) is one such scheme. This
investment scheme is open for those investors who reside abroad and have taken up employment
outside their own country. These schemes are made available to them by their mother countries, so that
they can invest their wealth back home and reap the interests for their invested sum. Alongside, they
are even able to impart to the growth of their country by making these investments.
Under these schemes, the Non residents are supposed to open their savings account in a bank in the
mother country and deposit the money that has been remitted from their current destination. The
amount deposited thus, comes under the rules and legislation of the mother country's financial laws,
hereby they have to pay tax for that amount. However, upon opening the account, the account holder
gets a healthy sum of money as the interest for their deposited amount. It must be known that the
governments mostly offer a high interest rate for the savings made by their non-resident citizens.
Therefore, these accounts act as a back-up support for these residents, for they can make alternate
investments through them.
Other than these schemes, the gold deposit scheme is also a common mode of investment that people
take up and alternative methods of investments. These schemes allow investors to deposit their gold in
the banks for a fixed time period; and for their invested value of gold, they obtain a certain percentage
of interest. These schemes are open to all, whether it is an individual, a company, a trust etc. On
depositing the gold, the bank rewards the investors with a gold certificate which has to be reproduced
at the time of policy maturity. Most of the times, customers use their idle gold to invest in these
schemes so that they can earn an income from it and it doesn't lie stagnating in their safe or bank
The most significant aspect of alternative investments is that these do not require regular monitoring
and can be left to grow for predetermined time periods. These offer handsome returns which are a must
to consider while looking for ways to invest your earnings and savings.