We've got you covered
We are here to guide you in making tough decisions with your hard earned money. Drop us your details and we will reach you for a free one on one discussion with our experts.
Call us on: +917410000494
Let's first learn the basics of saving and investing before we begin our journey to financial independence. An investor who is disciplined creates a balance of the two.
Saving refers to the act of storing hard cash in liquid and safe securities. Capital preservation should be the primary goal. If possible, the secondary goal should be to earn some returns. This could include certificates of deposits and savings accounts.
Investing refers to the use of money/capital to earn a safe and acceptable return over time. A variety of investments include stocks, mutual funds, small businesses, real estate, and gold coins.
Savings are the foundation for achieving your financial goals. You will have the capital you need to make your investments. These are the two essential principles that you should follow.
These are some savings options:
There are many investment options available:
|Goal||Situtation||Save (or) Invest|
|Purchase a car||You plan to purchase a new car in the next year.||Save|
|A down payment is required for a house||In another 3 to 5 years, you would like to move in your new home.||Save|
|Higher education for children||Your toddler just started pre-school. You will probably need a lump sum at least 15 more years later||Invest|
|Enjoy a peaceful retirement||You just turned 30 and plan to retire at 60. Prudent saving for 30 years will get you through.||Invest|
Open a demat account through us and get the account opening charges waived offopen paperless account