We all want to know some basic tricks and tips to multiply our existing money and wealth. If you can successfully increase or grow your wealth, it will offer you various benefits such as a comfortable lifestyle and financial security post retirement. To make it possible you need to take the right financial decisions - savings and investment.
For example, you have Rs. 50 lakhs and you want to invest in Fixed Deposit monthly Income Scheme, then make sure to have a balanced mix of investments. This will help you to gain more in the long-run. To get a balanced or healthy mix of investments, you need to invest in a diversified portfolio. But, before you do it, you need to examine certain factors such as the risk appetite, the type of instruments suit your financial goals, and many more. You can invest in market securities like shares and mutual funds as these instruments provide a higher rate of return, but these are volatile and risky. So, to balance these risks, try some secured ways. Invest in FDs and tax-free bonds, so that, you get assured returns and keep your invested amount safe. Also Read: Busting the Commonly Prevailing Myths About Personal Loan You may have sufficient income, but to build substantial wealth you need to look for other avenues to generate more income. You can also think of investing in real-estate after the improvements like RERA, as real estate market is set to grow at the rate of 30% over the next decade. So, selecting these option will allow you to multiply your investment in the long run. To know more, read: How to Become Rich using Passive Income
0 Comments
Leave a Reply. |
CATEGORY
About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
|