Apple iPhone or shares? Top ten stocks to buy with Rs 1 lakh in hand.
Apple iPhone or shares Top ten stocks to buy with Rs 1 lakh in hand
There are a lot of iPhone lovers but what if, with the same amount, you could actually double your money in a couple of years.
Apple has finally launched the most awaited phone of the year, iPhone X on Wednesday with loads of features which can take your breath away tempting, right?
Well, if you are an investor you would have thought how can I make my money work for me given that Rs 100,000 is not a small amount.
An iPhone is not comparable to stocks but we spoke to analysts on D-Street on they would do if they have an option to buy an iPhone or stocks for the same amount.
The iPhone X will be available in India from November 3 starting at Rs 89,000 for the 64 GB variant, while the 256 GB storage variant will cost around Rs 1,00,000.
Yes, there are a lot of iPhone lovers in India and abroad but what if I tell you that with the same amount you could actually double your money in probably couple of years considering the fact that we are in a bull market.
“Buying an Apple mobile out of a desire would be a choice of many people, however purely from opportunity cost point of view, the mobile of such a big price tag would not be economical,” Shrikant Akolkar - Research Analyst, Angel Broking told Moneycontrol.
“A mobile would only depreciate in value, no matter which brand it is. Companies also continue to slash prices as soon as the new model is launched, so an expensive mobile which one is buying would not be worth even 25 percent of its original cost after 4-5 years,” he said.
Akolkar further added that an MF or equity investment would appreciate at 14-15 percent CAGR during the same period. “Purely from a returns point of view, investing in stocks or mutual funds would be a better option,” he said.
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