Want to be a billionaire....where should i invest...

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Stocks, Mutual Funds, IPOs, Private Equity, PMS, Fixed Deposits, KVPs, Post Office Instruments, Corporate deposits, PPF.....sound like a plethora of options available in the market and naive investor would feel obliged to get "Wealth Management Services" from bank, a broker "sounds funny", financial institutions . However, as the quote says " Simplicity is the inherent strength of every big idea ", same principle applies to investing - Keep it simple.

Taking the case of a young investor aged 27-32, all set to step the paddle for a home, a big car, high flying lifestyle, kids education, n still left with enough for the good old days.....some task to perform!!!!....Thus, following questions should be answered :::

Where should one start from, what instruments should one get into....arent stock really risky, isnt property the best and the safest bet....there are so many mutual funds, what the hell are ULIPs, think i should have one because they offer guaranteed returns these days.......what do i do??

Would take up individual instruments and situations to make it simple n understandable....for now....do 2 things...:: START AN SIP IN AN DIVERSIFIED EQUITY FUND AND BUY YOUR FIRST LARGE CAP STOCK.....