Welcome to your Wealth-Creating Journey. - Basics Of Investings !
Let's start today!
- It's important to arm yourself with the appropriate knowledge and put it to use if you want to achieve your money building goals. Long-term wealth creation can be easy if you have a basic knowledge about money.
- Your financial and life goals may differ depending on where you are in life. Planning investments for each step is crucial, from retirement to wedding expenses, children's costs to higher education nothing is Free and everything requires money.
Ideally, a major portion of your income should go towards savings. The money you earn is partly spent and the rest saved for meeting future expenses. But these savings are not idle and can actually make money for you. Nowadays, one has multiple ways of investing in some of the best investment options and plans available in the market. Investment plans are a way to park your savings so that they may give you financial gains in the future.
Ideally, a major portion of your income should go towards savings. The money you earn is partly spent and the rest saved for meeting future expenses. But these savings are not idle and can actually make money for you. Nowadays, one has multiple ways of investing in some of the best investment options and plans available in the market. Investment plans are a way to park your savings so that they may give you financial gains in the future.
Why should you invest?
Investing is a sure way to let your money grow and reap returns over time. Apart from this reason, let’s explore various reasons why you should look at more investment avenues:
- Your otherwise idle funds can reap returns for you.
- You can invest in different products to fulfil a future life goal.
- They are a provision to secure an uncertain future.
Inflation is another important reason to secure your financial future. Inflation causes money to lose value. Inflation is the rate at which cost of living rises making it expensive to buy goods and services to meet your daily needs. This is because with inflation, a value of 100 rupees today will not buy the same amount of a goods or a service in the future, as it does currently, or as it did in the past.
Refer this "Why we Need to invest - Part 1" for Detailed Explanation.
Watch This Video !
A video by NATIONAL STOCK EXCHANGE , INDIA
Investing is a sure way to let your money grow and reap returns over time. Apart from this reason, let’s explore various reasons why you should look at more investment avenues:
- Your otherwise idle funds can reap returns for you.
- You can invest in different products to fulfil a future life goal.
- They are a provision to secure an uncertain future.
Inflation is another important reason to secure your financial future. Inflation causes money to lose value. Inflation is the rate at which cost of living rises making it expensive to buy goods and services to meet your daily needs. This is because with inflation, a value of 100 rupees today will not buy the same amount of a goods or a service in the future, as it does currently, or as it did in the past.
Refer this "Why we Need to invest - Part 1" for Detailed Explanation.
Watch This Video !
A video by NATIONAL STOCK EXCHANGE , INDIA
The three golden rules for all investors are:
- Invest early.
- Invest regularly.
- Invest for the long term.
Creating wealth, and getting returns on investment, takes time and patience. Ideally, start investing as young as possible. But it’s also never late to begin this journey. By investing early, you give your investments a lot of time to bear fruit. The power of compounding works in the favor of long-term funds and grows them. This happens when the principal is accumulated, and interest and/or dividend is earned on it, year after year.
RECOMMENDED :- 7 THINGS YOU MUST KNOW AS AN INVESTOR.
The three golden rules for all investors are:
- Invest early.
- Invest regularly.
- Invest for the long term.
Creating wealth, and getting returns on investment, takes time and patience. Ideally, start investing as young as possible. But it’s also never late to begin this journey. By investing early, you give your investments a lot of time to bear fruit. The power of compounding works in the favor of long-term funds and grows them. This happens when the principal is accumulated, and interest and/or dividend is earned on it, year after year.
RECOMMENDED :- 7 THINGS YOU MUST KNOW AS AN INVESTOR.
Investing money in the right plans can get tricky. We have defined 12 important factors that you should consider before investing:
- Get written documents explaining the investment.
- Read and understand the documents.
- Verify the legitimacy of the investment.
- Find out the costs and benefits associated with it.
- Assess its risk-return profile.
- Be aware of the liquidity and safety aspects of the investment.
- Ascertain if it is appropriate for your specific goals.
- Compare its details with other investment opportunities.
- Examine if an investment fits your current or future portfolio.
- Deal only through an authorized intermediary.
- Clarify your doubts with the intermediary and invest only if you are comfortable. Refuse to invest if you are not convinced.
- Explore other options should something go wrong. Invest only when you are completely satisfied.
Investing money in the right plans can get tricky. We have defined 12 important factors that you should consider before investing:
- Get written documents explaining the investment.
- Read and understand the documents.
- Verify the legitimacy of the investment.
- Find out the costs and benefits associated with it.
- Assess its risk-return profile.
- Be aware of the liquidity and safety aspects of the investment.
- Ascertain if it is appropriate for your specific goals.
- Compare its details with other investment opportunities.
- Examine if an investment fits your current or future portfolio.
- Deal only through an authorized intermediary.
- Clarify your doubts with the intermediary and invest only if you are comfortable. Refuse to invest if you are not convinced.
- Explore other options should something go wrong. Invest only when you are completely satisfied.
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