Everybody has his own preference in investment. It all depends on ur age, income, risk appetite, horizon, liabilities. A young unmarried corporate guy will invest differenty than 50yrs old person nearing retirement. But some time tested fundas r:
-Invest in SIP, anybody can invest that much ammount which is comfortable acc to his salary, expenses.
-Avoid ULIPs. Take term end insurance & ELSS separately
-Invest minimum needful in things like gold, of course keeping the temper of ur lady cool.
-Whether u go for MF, Stockes,Ulips,FD,NSS etc go into details about ur own risk appetite.
I personally do not invest in stocks at present. I have balanced my investments into FDs, PPF, MFs, one ULIP, ELSS, Post office MIS & RD.
Happy investing!