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A STUDY OF PREFERRED INVESTMENT DECISIONS AMONG SALARIED PEOPLE OF PORT HARCOURT CITY

Abstract

Investment is an activity that is engaged in by people who have savings i.e. investments are made from savings, or in other words people invest their savings. A variety of investment options are available such as Bank, Gold, Real estate, Post Services, Mutual Funds & so on. Investors are investing their money with the different objectives such as Safety Of Investment, Long Term Growth, Short Term Growth , Income Generation, Tax Planning, Future Liabilities and Retirement Planning, So this research is being conducted keeping in mind the different avenues of investments as well as the objectives of it. In this research, with the sample size of 110 salaried employees’ data collecting is being conducted by the survey through questionnaire in Port Harcourt City. The study is conducted using a structured questionnaire. The present study identifies the preferred investment avenues among the individual investors using self assessment test. The study is based on primary sources of data which are collected by distribution of a close ended questionnaire. The data has been analyzed using, chi-square test and frequency distribution test with the help of SPSS software and MS Excel. This research has analyzed that salaried employees consider the Safety of Investments as the major objective and Mutual Fund as the best investment avenue.

Key Words: Investments Avenues, Salaried employees, Chi-square test.

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