2. A risk free and high returns investments can be investing into exchange traded funds which is a smarter option than mutual fund investing as unlike mutual funds they are not pleasing one with an year end returns and thus one is tax free, however returns are compounded in this investment vehicle. One has to find a broker who is not eating into the saving kitty else trade online.
3. ETFs cost very little and are a means to track indexes and not beat them. ETFs is a fine tool for investment as one is able to get high returns and at the same time one is able to reduce the add on charges.