- Date : 30/07/2021
- Read: 12 mins
We all have different goals and aspirations. It could be buying a gadget in the short-run, a car or house few years down the line, providing good education for children or securing a comfortable retirement for the future. This article helps you understand the fundamentals of ‘goal-based investing’ that can ensure all your life goals are met. It further details a host of asset classes and investment options that you could use strategically to build a portfolio that can help you get there in the most efficient way possible.
When you invest, you’re giving your money the chance to work for you and help you achieve your goals. This is necessary since your earning life is limited and you will have many goals to achieve – such as buying a new car or house, your children’s education and wedding, and your retirement fund.
To achieve these goals, you can invest in investment products such as mutual funds, stocks, PPF, insurance, etc., to grow your wealth. In this article, we shall look at the investment options for the long term.
Before you start investing, here’s what you should do:
Take stock of your loans. Set up a reasonable debt repayment plan.
Also put aside an amount for emergencies.
If you handle these first, you won’t have to interfere in the growth of your investments. Y...
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