SAVINGS & INVESTMENTS
we work hard to nurture our future and to maximize the possibility of growth. This Growth may be in terms of wealth or Lifestyle habits, we can refer it to career enhancement too. For the same we too have decided in advance but the actual hurdle come out to be the surplus funds which could be utilized for the same. Due to unforseen and unplanned expenses during our day to day lives we are unable to meet those Goals effectively. Here comes into picture the importance and need of savings , where we plan in advance and set apart a sum for the set goals.
Setting apart the sum or surplus money may or may not sufficient for future goals to meet efficiently as the factors such as, Inflation or depreciating value of our money could eat out our present savings lying ideal in bank accounts. For the same, Investments in to wealth creation avenues gets its importance. When we talk about investment or goal planning, it could be through mutual funds, Fixed deposits, ULIP plans, Bonds, Equity & others. The purpose and Goal to be clear and should be matchable with the requirement and time bound while selecting the right avenue for investment.
Risks in Investments
In today’s perspective, we all encounters with different type of risks every day from going to work to caring for loved ones, every situation needs our attention and due diligence to get apart the worse away from us . The same cautious decision is investment but we fails to take it as serious because ,most of the time we make our decision based on herd mentality and self biases, which is the biggest risk of investment within.
Other Risk is outer which is influenced mostly by market performance, government regulations, Policy regulations & all. But this can be hedged or mitigated by choosing right asset mix and periodic portfolio review at regular intervals. one may opt and advisor who is an expert to assist or you can self research the data to choose the investment mix on your own. While choosing the same the factors to be considered would be the prevailing tax implications, Inflation, need for investment, time for investment, Liquidity preferences and credibility of papers to be invested in.
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