Master with your finances: Essential Investment Tips for a Prosperous Future!


Dear Readers,

Earning is important for everyone. 

Saving is much more important from earning.

Investing is the much much needed everyone at this point in time for our trouble times and to the need of the future. 

It is so pathetic to understand that though we all know that the basic financial investment rules, we quite often ignoring this during our investments and later we worry a lot!           

For all of us to have a glimpse and rewind, let's brush up and have a deep dive into this in this New Year. 

  • All we need to start our investment so early in our life.
  • We need to be so consistent in our investments.
  • We need to diversify our investments as there are lot of investment streams are there in front of us.
  • We need to have a concrete investment plan, interest rate, rate of returns and the purpose of investment.
  • We need to have our costs so low- that is we need to select correct investment plans with higher interest rate and lower handling charges.
  • All we need to have our investment plan is to have a long term perspective. 
  • We need to have awareness and proper understanding on various investment plans.
  • If needed, we need to have a professional support from an expert consultant. 
  • We often need to have a review and replan to balance our investment strategies- at least once in 6 months timeframe.     
  • We need to create an emergency fund - for about 6 months salary.
  • We all need to understand the taxation structures according to the countries and investments that we select to invest.
  • We need to have a discipline in investing and to be patient so that the miracle of investment to happen.                
  • We also understand the risks involved in this and need to find ways to face the risks in a better way.

These are the common and general tips and that we should always consult a professional to customize our investment journey according to our need and positions.

Do make your own research before making any financial investment decisions!

Happy Investing!

 

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