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This will definitely help us build a powerful wealth plan utilising our skills and resources.
What is investment?
Money we earn is partly spent and the rest is saved for meeting future expenses. To invest is to allocate money in the expectation of some benefit in the future.
Need of investment
- Financial security
- Fulfilling financial goal
- Wealth creation
- Future emergencies
- Fighting inflation
Inflation
- Rate at which cost of living increases
- Inflation causes money to loose value
Return
- Return on investment should be above inflation rate to ensure that investment does not decrease in value.
- If after-tax return on investment is less than inflation rate, then assets have actually decreased in value.
Golden Rules of Investment
- Invest early
- Invest regularly
- Invest for long-term
- Invest after verifying legitimacy of the investment
Option for Investment
- Physical assets - Real Estate, Gold/Jewellery, commodities etc.
- Financial assets - Fixed Deposits, small savings instrument Mutual Fund, Pension Fund and Securities market instruments, etc.
Short-Term & Long-Term Financial Investment in India
- Savings Account
- Money Market or Liquid Fund
- Fixed Deposits
- Post Office Savings Scheme
- Public Provident Fund
- Company Fixed Deposit
- Bonds & Debentures
- Mutual Funds
- Share
We must learn in detail about the financial options for investment in Indian market to become a smart investor as well as winner in the long run.
Happy investing !!!
দীপ
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