“If you don't find a way to make money while you sleep you will work until you die”
- Warren Buffet
About investments, This is a vast topic to discuss upon since in this generation there are a lot of options to investment and all of them works upon a basic principle of risk. Now before you invest you gotta understand more rick taking ability you have the more returns you will receive. There are 3 types risk/returns which are
Low-risk/low-return
= Investments like Current account and fixed deposit
Medium risk/medium return
= Investment on gold, silver, Platinum
High risk/ high return = Real estate, Stock market, Equity funds and Cryptocurrency
Why should you Invest ?
Investment in 2021 has become a necessity, everyone should invest to tackle Inflation. Inflation basically is increase in the price of goods and commodity which varies every year on number of factors. For example if Mr x is earning 5,00,000 lakh rupees every year and next year there is 2% increase which makes his salary 5,10,000 now in that same year there was inflation of 6%, the value of his earning is actually decreasing by 4% now in the same scenario Mr X invested 5,00,000 rupees in Mutual funds where he got 10% returns making the increase of of 4% isn't it amazing just by investing into something you can easily plan for your retirement, complete your wants despite change in the market price, Have confident in your financial planning.
Types of investments commonly seen in India
- Stocks
- Certificate of deposit
- Government Bonds
- Real estate
- Fixed deposite
- Mutual funds
- Public provident Funds
- National pension system
- Insurance plans
- Senior citizen saving scheme
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