9 Simple Investment Strategies That Will Last a Lifetime
shared by DeepakKoli on Sep 21
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Investment is a phenomenon the simpler you make it, the easier and smoother it is for you. Here are 9 very simple investment strategies that will stay with you for a lifetime:
- Invest in something ...
you understand: It is important to know the company you are investing in, the sector, the industry. This helps you plan the investment risks better. Investment with ignorance is no less than gambling at Vegas, you either become rich overnight or get lighter on your pocket. Planned approach is the need of the hour.
- Early start is the best start: The idea behind investment is very simple – longer the investment period, stronger the returns. In a longer investment horizon, you will give your investment the best possible chance to compound and grow. However, the major trait you need to practice is patience.
- Ensure you make Tax Savings Investments: There are many mutual fund investments exempt from tax along with ELSS schemes. Park a share of your funds here and not only get tax benefits, but also gain from the equity element in these asset classes. There are other tax savings investment classes such as PPFs that you can explore.
Source
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