Start investing early for a smooth retirement

Start SIP in Mutual Funds to clear Home Loan effect!

Mutual Funds Investment Tips

Tax Savings Investments - Small Savings

Safeguard Your Future and Your Money Via Investments

Investment lessons you should teach to your children

Investment is something that believed to be a topic of discussion only for adults. Children have nothing to do with investment and savings. But personally I believe that there are many things to learn for our children from our experience.

There are few points I am going to mention that will help your kids to learn the importance of saving money and value of money.

1.         Value of waiting for better option : I have noticed that kids these days are very impatient and not willing to wait for anything. Like in investment, sometimes we need to wait for the right time to come for withdrawal, we need to teach our children that they need to wait for the right time to buy a better toy from different shop or wait for the toy to be available in store rather than buying anything available right now.

2.         Save small money to buy big things : If your kid wants to buy an expensive thing like a game or toy, you should teach your kids to save money for it. Ask them to use you as a bank to save their money. Give them a time frame as a target. Promise them that if he/she will not be able to achieve the target, that is fine. You will pay the rest of the amount for appreciating their efforts.

3.         Teach them how they can earn things by doing some work : If your kid want something which is important for him or her, teach them how to earn. Ask them to help you with some of your work you do at home. Start with small things like cleaning toy box. Or help you organize his/her room. You can try helping hand in gardening or anything as small as brushing teeth every morning.

4.         Collecting coins in piggy bank : Tell your kid that you are ready to pay 10/- in exchange of 7/- of coins. Ask them to collect all the change money earn some returns on it.
The practices I have mentioned above will help you and your kids not only for saving money but also help you to build strong relationship. It will teach them to be patient and wait for better opportunities. It will teach them to earn something in exchange of efforts.
Make sure these practices should target efforts but not the end result. If you will target result it may demoralize your kid. They should know that it is important to try rather than to achieve. It is important to participate than to win.

Stay Healthy & Happy investing.

For all your investment needs, call WealthMaster.in Team @ +91-9810582989 or email at wealthmaster.in@gmail.com


Disclaimers:

The views expressed in the blog are those of the authors and do not necessarily reflect the official policy or position of any other agency, organization, employer or company.

Insurance is the subject matter of solicitation.

Mutual Funds investments are subject to market risks. Please read the offer documents carefully before investing.
Please let us know in the comment box, how you feel about our blogs.

Why Blue-chip funds are the best choice for long term investment.



Why Blue-chip funds are the best choice for long term investment. 

If you are not aware of the term Blue-chip, then let me explain you the why some stocks are categorized as Blue-chips and what are Blue-chip mutual funds. 

Basically, the term "Blue-chips" is taken from the game poker. In the poker game different colour of the chips identify their value. The Blue-chips holds a higher value that is $10 for one chip. 

In the stock market, the Blue-chip stocks mean large-cap stocks. Stocks which has higher market capitalization. In mutual funds, if the fund portfolio holds Blue-chip stocks only, the fund will be categorized as Blue-chip or Large-cap funds. 

Now, why these funds are so popular for long term investment? 

There are many factors which makes a stock large cap. 

1. Higher market capitalization 

2. How long the stock is listed in the exchange 

3. What is the price of the stock 

4. How dividend that stock is paying and how regular 

When you choose a Blue-chip stock, you are investing in a company which has a well-settled business and is already performing good in terms of returns. That means in long term, these stocks are expected to give you good returns. At least better in comparison to mid-cap or small cap. Not necessarily, all large-cap stocks may give you good returns in long term. But there are some important factors which make it the best choice for the long term. 

* Well settled business, which makes it less risky for the long term. 

* Less volatile 

* Chances to recover easily in the bearish market 

* Strong brand names, which holds the public trust 

* First choice for corporate and mutual funds 

* Strong financial backup 

Large-cap mutual funds are also the best choice is equity mutual funds, when it comes to long term investment. 

Your money is comparatively safe in Blue-chip mutual funds than mid-cap or small-cap funds in long term. 

Consult your financial adviser today to get more details.

Stay healthy and keep investing.

For all your investment needs, call WealthMaster.in Team @ +91-9810582989 or email at wealthmaster.in@gmail.com

Disclaimers:

The views expressed in the blog are those of the authors and do not necessarily reflect the official policy or position of any other agency, organization, employer or company.

Insurance is the subject matter of solicitation.

Mutual Funds investments are subject to market risks. Please read the offer documents carefully before investing.

Please let us know in the comment box, how you feel about our blogs.

Online Investment Portal - How useful is it for you..

I remember, few years back if someone has to invest in Mutual Funds, Insurance or Equity Shares, there was a long process of filling up application forms, submitting documents and passport size photographs. But nowadays, investment is as easy as online shopping. It is easy, convenient and hassle free. All you need is a smartphone, PAN and Aadhaar. I personally find it very useful and convenient.

There are a number of banks and online portals providing this facility now. All you need to do is to register with them and complete your KYC. Yes, you are ready to invest.

Now the question comes to mind that how useful is it for general public. When I say general public here, I am specifically pointing to people not directly associated with financial industry. As these online portals are only providing investment platform but not providing advisory services, people still don't feel comfortable to use these services. Even if they are giving all scheme related information on their portals, still it has no match to experienced financial advisers guiding you with your investments.


Let's see an example of what makes advisers more  trustworthy than any online portal. If you have a concern  about your mobile balance being deducted without your  knowledge, you call your mobile company and hear an  automated message explaining about your last few  deduction. 

Does it satisfy you?

No, but you talk to customer service adviser and talk about the deduction. They also give the same answer but it satisfy you. We all know that talking to customer service agent is a paid service, but we still do that.

What's the difference?

We are human beings and we want a human to understand our concerns and guide us. A telephonic IVR system or an online portal cannot understand and acknowledge the value of your emotions. Yes, when it comes to money, we have our emotions attached to it. Because we do lots of effort to earn it. 

I find online portals useful as I just need an easy tool to invest, because I belong to investment industry. It can also be useful for young people want to invest small amounts. But if I have to do a planning with specific goals in my mind, I need to discuss it with professional. I will choose human experience over technology. 

Stay healthy and keep investing.

For all your investment needs, call WealthMaster.in Team @ +91-9810582989 or email at wealthmaster.in@gmail.com

Disclaimers:
The views expressed in the blog are those of the authors and do not necessarily reflect the official policy or position of any other agency, organization, employer or company.

Insurance is the subject matter of solicitation.

Mutual Funds investments are subject to market risks. Please read the offer documents carefully before investing.

Why ELSS are best Tax Saving option?




ELSS stands for Equity Linked Saving Schemes. These are diversified Mutual Funds with lock-in period for at least 3 years. It comes under IT section 80(C), that means it give you the option to invest money in equity mutual funds with tax deduction in income tax same as other tax saving options.

In India, mostly people consider limited options for income tax saving as LIC policies, National Saving Scheme and Public Provident Fund. But there are few more options to go for like, ULIP (Unit Linked Insurance Plans), 5 years Fixed Deposit and ELSS (Equity Linked Saving Schemes).

All options apart from ULIP and ELSS, have fixed returns at the time of maturity. That means you will already know how much you are going to get at the time of maturity. Which makes them low return option.

If we talk about ULIP (Unit Linked Insurance Plan), I personally feel ULIPs can give you good returns only if you will withdraw money after staying for long term. When I say long term for ULIP, it should be more than 10 years at least. But at young age, we do not like to wait for such a long time, as we may have sort term financial goals like buying a car or a house.

If you will go for fixed returns option, you will hardly be able to earn returns. That means you will be able to save some money in tax but not be able to earn much from investment. Also most of the fixed return tax saving options comes with at least 5 years of lock-in period.

If you will go for ULIP, you will be able to earn good returns but you will not be able to use your money for short term goals even if you need it. You need to pay the amount at least for minimum committed period and stay invested for a long time.

So the best option to go for tax saving at age 20-40 years is ELSS. There are few benefits listed below for ELSS funds.

1. You will get returns, as good as equity mutual funds. Some times better than that. (Comparatively, the funds with lock-in period perform better than open funds)

2. The money will be locked only for 3 years from date of investment.

3. It gives you the option to invest with SIP method (Systematic Investment Plan – Monthly, Weekly).

4. Option to stop your SIP anytime. (No minimum commitment required)

Most of the Mutual Funds houses have their tax saving funds. To choose the best ELSS fund, contact your financial adviser.

Stay healthy and keep investing.



Disclaimers:

The views expressed in the blog are those of the authors and do not necessarily reflect the official policy or position of any other agency, organization, employer or company.
Insurance is the subject matter of solicitation.
Mutual Funds investments are subject to market risks. Please read the offer documents carefully before investing.

For all your investment needs, call WealthMaster.in Team @ +91-9810582989 or email at wealthmaster.in@gmail.com


The Power of Systematic Investment Planning (SIP)

Systematic Investment plan or SIP is one of the best investment tools for anyone who has a regular income. If you are a young salaried and want to save money, there is nothing more convenient than an SIP.



Investing fixed amount of money on fixed date every week, month or quarterly is called Systematic Investment.

There are three main options you can choose for investment in this plan.

1. Shares - Buying same amount of shares every month without looking at price.
2. RD in Banks - same amount every month being fixed
3. SIP in Mutual Funds - Investing same amount of money every month on a pre-decided date

Any option can be taken according to your risk profile.

Let's see the pros and cons of each option.

1. Buying shares every month in a fixed quantity is a good idea. But as we all know, investing in shares requires lots of research, good amount of money and lots of time to monitor. Risk is very high in shares and it gives the option to choose fixed quantity but not fixed amount of money. So you cannot plan in advance how much money you will need every month.

2. Bank RDs are safest option as it gives you fixed maturity amount after a fixed period. But there are a few things that make it less popular option.

  • Low liquidity. If you want to withdraw money before the maturity date the return will be less than expected.
  • You cannot partially withdraw small amount in between even if you need it.
  • The interest rates are very low compared to other options which make it less popular in young people.

3. Mutual Funds SIP offers most flexible choices according to your budget, liquidity and risk profile. You can even start from just Rs. 500/- a month and withdraw within 7 days if you need it in emergencies. You get returns as good as share market but no need to do any research as you money will be managed by professionals. It makes it less risky in comparison to direct shares. It is very much recommended to take advice from Independent Financial Advisers to plan your investments and help you achieve your Long Term Financial Goals.

I will share a real life example of planning we did for one of my esteemed client who has taken a Home Loan in Year 2016 for 45 Lakh Rupees (Monthly EMIs payable for next 20 years) and is now planning to pay it off completely by Year 2025 with the help of Systematic investing in mutual funds. He wanted me to plan his part of SIP investment in such a way so that he could reduce his total home loan outstanding by systematically withdrawing 5 Lakh Rupees every year and to clear it off completely well before Year 2025.

I am so glad to share that he has already paid off 10 Lakh Rupees in last 2 years and now his total Home loan outstanding has come down to 35 Lakh Rupees. I salute him for keeping his trust in me despite all kind of volatile moments in equity markets in last 5 years of our relationship. I simply love to share his example in my presentations while meeting with new clients.

Stay healthy and keep investing.

For all your investment needs, call WealthMaster.in Team @ +91-9810582989 or email at wealthmaster.in@gmail.com


Disclaimers:

The views expressed in the blog are those of the authors and do not necessarily reflect the official policy or position of any other agency, organization, employer or company.

Insurance is the subject matter of solicitation.

Mutual Funds investments are subject to market risks. Please read the offer documents carefully before investing.

Share Market - An Addiction..



Do you know that share trading is also an addiction?



Yes, that's true. There are people who are in serious addiction of share market. They mostly do intra-day trading.

There is a difference between investment and trading. If you are buying shares for your long-term goals and planning to hold the shares for reasonable amount of time to gain a good returns, you are an investor.

But there are people who buy and sell multiple shares within a day. They are called traders. Trading in shares is also a full time job for some people which is very normal today. People buy and sell shares on a daily basis for very small profit and they actually earn money by doing this. But this work requires a lot of research and time. You can do it only if you don't do anything else.

There are another category of people who has their job, family and other works to do daily but they invest most of their time and money wasting on this. Because most of their time goes on doing something they are not good in, they end up losing their money.

But this addiction is same as other addictions. A smoker knows what he is doing will harm him in long run, but still can't control. Most of the intra-day traders end up with making loss. And you need to understand that intra-day trading gives you an option to buy and sell high amount of shares with very less money. So the profit and loss will be very high in intra-day.

I do not say intra-day trading is bad or investing in share market is bad option, but it's not a part time job seriously.

If you are looking for investment in shares, first invest some time in researching.

If you are looking for a comparatively less risky investment option with equity returns, go for Mutual Funds.

But again, do not just go for any fund but consult your financial adviser to select correct funds for you.

It is important to let the experts work for you.

Stay Invested for your financial independence!!!


Disclaimers:

The views expressed in the blog are those of the authors and do not necessarily reflect the official policy or position of any other agency, organization, employer or company.
Insurance is the subject matter of solicitation.
Mutual Funds investments are subject to market risks. Please read the offer documents carefully before investing.

For all your investment needs, call WealthMaster.in Team @ +91-9810582989 or email at wealthmaster.in@gmail.com

Do You Need a Financial Advisor?


When we plan our finances or try to create an investment portfolio, we ask this question from ourselves. Do I need a financial advisor or I can do it on my own?

Somewhere in our mind we will always have this confusion whether or not we should trust someone else for our money.

I will give answer your query with a very simple example.

One of my friends recently planned to do a fixed deposit for around sixty thousand rupees. When he visited the bank, the bank executives explained him about a different plan which can give him better returns. They were very convincing and we trust bank more than anyone else when it comes to financial decisions. Even when he got the plan documents, he was unable to identify what plan he bought as papers were not easy to understand. Finally, when he consulted us, the plan turned out to be a ULIP. A unit linked insurance plan. Because he contacted us after 2 months of receiving the documents, there was no option to return the plan. Now he has to pay sixty thousand as premium every year for at least 10 years to get good returns from ULIP.


This is a true example and let’s see what issues he will be facing due to this.
  •     Fixed deposit was his onetime plan but now he has to pay it every year.
  •        He already has good insurance cover with term plan so insurance was not his need.
  •        He cannot withdraw the money in between even if he need it as it will be a loss.
  •        He is only 27 in his age and there are better investment options available but he can’t take          benefits.
What should have been done?

He should have consulted a financial advisor before even going for fixed deposit.

It sounds strange because FD is the safest and easiest option we think for saving money. But we need to change the way we think about savings and investment.

Why it is important to consult?

There are many financial instruments available in market. All are good but may not be suitable for everybody. The product requirement may vary according to your age, income, marital status, number of dependents, short term or long term goals.

Consulting a financial advisor is like consulting a doctor for financial health. You know what medicine you need to take for fever but still you need to consult doctor as fever may not be normal and may cause some serious issues.

How to choose a financial advisor?
  • You can talk to different advisors and then decide.
  •  Advisor should not be forcing you to go for one type of product only he should have an umbrella to offer.
  •  He should be guiding you according to your financial goals and not according to your financial status.
  •   Do not only trust on big brands but choose experience.
  •   Ask questions to understand the reason why he advised you something.
I understand it is not easy to trust someone when it comes to your money matter, but you should trust the expert advice. You can be good with what you do daily and they are good at what they do daily.

Disclaimer: The views expressed in the blog are those of the authors and do not necessarily reflect the official policy or position of any other agency, organization, employer or company.

Insurance is the subject matter of solicitation. Mutual Funds investments are subject to market risks. Please read the offer documents carefully before investing.

For all your financial needs, call WealthMaster.in Team: +91-9810582989.


Investor Education - Beware of Phishing Emails




Dear Investors

We have recently experienced fraud calls coming from people identifying themselves as bank officers asking for your debit card details. All banks always advise not to entertain any call or email asking for personal or banking details.

There is one more method being used to do frauds with innocent people using emails. These emails are called phishing emails.

I would like to share an incident recently happened with one of my friend.

He received an email from “donotreply221@incometaxindia.gov.in”.

Dear taxpayer,

We regret to inform you that your tax refund of Rs 30,280.90 has been placed on hold as your security question on file with us could not be verified by your financial institution.

Beneficiary information:

Bank Name: State Bank of India

Card No: 659332*************

Kindly follow the link below to authenticate your identity and thus complete your refund.

Click here to complete request

IncomeTax Department

Ministry of Finance,

Government of India.

The guy was very happy that he will get some money without any effort. He clicked on the link as advised in the email and followed the procedure. He filled all the banking and debit card related information and finally received a Thank You massage on the screen that “You will refund will be processed within 7 days”.

On the very next day he got an SMS from his bank that an amount of 25000/- has been deducted from his bank account against online payment on some website.

Actually, he was trapped in an online fraud.

I asked him why didn’t he realized that it may a fraud email. You won’t believe the answer I got.

The six digit mentioned in the email sent to him was the first six digits of his own debit card. How can anyone else know the numbers of his debit card?

When he clicked on the link, it redirected him to a page which was almost same as his own bank’s login page.

Friends, please do not respond to any such email. There are number of ways you can identify any fraud email.

* The email address was donotreply221@incometaxindia.gov.in. Normally corporate or organisation do not use numbers in their public email addresses.

* When you will click on the link, it will redirect you a page similar to the bank login page. But the url will be different from the original bank website.

* When you will try to login with a incorrect id password, the website will not give you any error. It will just redirect you to the further questions.

Remember the most important thing, for any concern related to bank you should visit your bank. Do not try everything online.

I discussed this incident with you, because very few people know about these kinds of frauds.

May be as a financially aware person I couldn’t help him because he didn’t discussed it with me before going to this. But I know I have saved few people after sharing this experience with you.

It is yearend now and salaried people will see some tax deduction in their salaries. You will also be asked to submit your investment proof in this month. This is the time when most of the insurance advisers will ask you to buy their products and many of you will blindly buy something from them.

Please do not invest in any financial instrument without consulting a financial adviser. There is thousands of tax saving product available. You should buy only which you need to fulfill your financial goals.

I am not saying that insurance advisers are fraud or they will cheat you. All I want to say is buy something which suits your need and your goal.

Disclaimer: The views expressed in the blog are those of the authors and do not necessarily reflect the official policy or position of any other agency, organization, employer or company.

Insurance is the subject matter of solicitation. Mutual Funds investments are subject to market risks. Please read the offer documents carefully before investing.

For all your financial needs, call WealthMaster Team: +91-9810582989.



Investor Education - How to surrender duplicate PAN Card





How to surrender duplicate PAN Card

“How to surrender duplicate PAN or How to cancel dual PAN Card” If you will search this on Google, you will get different answers. But I assure you anything you do is not going to work.

There is a specific process to get the PAN cancelled and there is very less information available online. I am going to share the step by step process here and I request you to go through it carefully. If you are also one of the people who are facing financial issues due to dual PAN, it is really going to help you a lot. The same process will be applicable for 2 or multiple PANs.

I am listing two different scenarios here:

1. Both PANs issued from same IT ward.
2. Both PANs issues from different IT ward or different cities.


Scenario 1: Both PANs issued from same IT ward.

If you fall in Scenario 1, things will be very easy for you. All you need is to check your AO (Ward) by visiting https://www1.incometaxindiaefiling.gov.in/e-FilingGS/Services/KnowYourJurisdictionLink.html?lang=eng

Check the office address and visit with below listed documents: 

*Written application to Income Tax Department asking them to cancel the duplicate PAN
*Copy of both PAN cards
*Copy of Aadhaar Card
*Indemnity Bond, requesting for the same. (Any documentation center will help you with Indemnity Bond. It may cost you anything between INR 250-500)

After submitting all these documents, it will take 10-15 days for your duplicate PAN to get cancelled.

Scenario 2: Both PANs issued from different IT ward or different cities

If you fall in Scenario 2, things are not easy and time taking for you. Dual PAN cannot be cancelled if issued from different wards. I am writing the correct process what you need to do in this scenario.

Submit a written application to Income Tax Department for specific ward, requesting them to transfer you duplicate PAN to ward belongs to main PAN.

You need to submit another application to main ward, asking them to accept the transfer. (You can take advise from your respective ward officer by visiting their office)

Once this transfer will be completed, you can follow the process mentioned for first scenario


Note: Make sure you are not filling ITR for both the PANs as it is financial fraud and IT department may fine you with huge amount.

Disclaimer: The views expressed in the blog are those of the authors and do not necessarily reflect the official policy or position of any other agency, organization, employer or company. The above mention process is may change as per Government Regulations. Actual process may differ case to case basis.


Money Saving Tips for Young People.





Money Saving Tips for Young People.

I see young people around me doing parties, going for shopping & hangouts, restaurant and Coffey shops every day. But I also see most of them struggle with their finances at the end of the month.

If you are also facing the same issue, go ahead and read this article. There is something very interesting for you here.

Elders in your family will always tell you to save money. They will also give you some desi ideas. Sometimes even you will feel that you should save some money. But when it comes to implementing it practically, you cannot continue any of the practices more than a week or two, or may be for a month.

Before giving you any more ideas about saving money, I want you to understand why saving money is important for us.

Just because everybody ask us to do so?

No!

You need to save, because everything in your life comes with a price tag. Luxury, fun, enjoyment, attitude or anything you imagine. I am not telling you can buy these things with money. But you need money to enjoy the real taste of anything.

You don’t believe me?

Tell me, can you get an AC cab if you do not have money to pay for it? Can you enjoy a movie with your friends if you do not have money to buy tickets? Can you hangout with friends if you do not have money to buy food and drinks. Can you wear the right outfit which matches your attitude without money?

Directly or indirectly everything starts with money. Your income is one of the most precious things you have. 

Don’t waste it just like that.

But the next question comes in the mind that why it is required to save money when you are getting your salary regularly every month. Well I can give you a thousand reasons, but some of the basic reasons are listed below:

Girlfriend’s birthday every year and she is expecting something very special

* Your own birthday and your friends are expecting a party
* You need to buy a new mobile, bike or a car
* For medical emergency
* To gift something to your mom on her birthday or anniversary
* What if you lose your job, you will need money till the time you get one

The list you see above is called financial goals. Some of them are short term goals, some are midterm and some are long term. You require a professional planning to fulfill your midterm and long term financial goals. 

But the young generation is far away from the knowledge of financial planning, because the techniques our parents followed are outdated and not practical as per our lifestyle.

So friends, I will give you some easy ideas which can help you in your life in many ways.

Let’s talk about the first issue our young salaried face.

Empty pockets in the last week of the month:

This is the most common problem with almost everybody who is salaried. Our expenses fully depend on the salary we get on the first day of the month. As we do not have any other source of income, we do most of our fixed expenses in the first 10 days of the month. Then we use rest of the money in shopping, party, hangouts and other fun stuffs. Then after 20th day of the month, we start controlling our expenses. But it is very late to start.

Well I am not here to lecture you to stop partying and fun or to manage your expenses. I am here to guide you to save money without compromising the fun of life.

Is it possible?

Everything is possible friend, all you need is planning.

Here are some simple but effective ideas.

* On the very first day when you get the SMS that your salary has been credited into your bank account. Check your pockets if any money left from last month’s salary. Oh yes, you have few hundred bucks in your pocket. Don’t think twice just put them into the pockets of on your favourite denim which you don’t wear anymore. Frankly speaking I sometimes get emotional while throwing my old favourite denim. I prefer to keep them in the wardrobe even if don’t use them.

* Buy a piggy bank but not for coins. Make a habit that whenever you get a change of a 2000 or a 500 rupees note, put 200 or 100 rupees in that piggy bank. Whenever you come home with some money left in your pocket, put half of the money into that piggy bank. Do not take the money out from there till the time you have money left in your salary account.

* Put a coin box on your table. Just put the coins left in your pocket into that coin box every evening.

* Do not use your credit card for buying clothes, food and drinks. Credit cards are very important and useful thing you have. Try to use it smartly. Use your credit cards only when you want to buy something which is not in your cash budget. If you need to buy something like that, use your credit card and ask for an EMI offer. But please avoid using your credit card for buying anything that you can buy using cash.

Try these simple methods in your daily life and you will find one day that you have saved so much money in a month that can actually cover your two week expenses.

Now let’s see what we can do for our short term goals. You remember I had discussed about birthday parties and gifts. Yes these are short term goals that you can plan at least few months in advance. Read and understand it carefully because it is something that can change your life.

The best way of saving money for salaried person is systematic investments. Systematic investment means investing or saving same amount of money every time you get paid. For salaried people you can say same amount of investment every month.

There are many options available in market for systematic investments like Mutual Funds, Recurring deposits, saving bank account. But the problem is to decide which is good for you.

Recurring deposits and savings bank account are best option for short term goals. You can save same amount of the money every month as recurring deposit. This option is available online with most of the banks. Check your bank’s online portal to check. You can also use a separate savings bank account for saving a fixed amount of money every month.

Make sure, you do not touch it as it is there for a particular purpose.

Now let’s talk about your mid-term and long term goals. Mid-term goals can be categorized as something which you can plan at least an year in advance. But long term goals require few years of planning and lot’s of patience to fulfill.

Again there are many investment options available for your mid-term and long term goals.

* Mutual Funds – Mid and Long term
* Fixed Deposits - Mid and Long term
* Equity Shares - Long term
* Life Insurance Policies - Long term
* Savings Bonds – Long Term

Again it is confusing for you to decide which option to go for. Choosing the right option depends on your age, income and your risk appetite.

I would suggest you to first consult a financial adviser and discuss your financial goals. After a proper financial planning you can create an investment bucket and add up different financial tools time to time.

Do you know who Warren Buffett is?

He is a man who started his life by selling newspapers and right now he is one of the wealthiest person in the world. He did not make money by big business, or he did not create a big company. What all he did was he saved money and invested.

Saving and investment are technically two different things. Saving means save something out of your income. 

Investment means to make money out of money.

Please be in touch with any financial adviser you know and start saving or investing. Do not think twice about it. 

Thank you.


Disclaimer: Insurance is the subject matter of solicitation. Mutual Funds investment are subject to market risks. Please read the offer documents carefully before investing. 

For all your financial needs, call Mr Sanjeev Chawla +91-9810582989.