Getting Started with Investing - A solution-based portfolio
For many of us, investing may seem like a giant puzzle
– asset allocation, stocks, bonds, risk, return and tax
savings. How do all of these pieces fit together? Investing
is for everyone and once you get started, investing even small
amounts can help you attain your financial goals, especially if
you commit to doing it regularly. More
Whether you’re investing for a house, planning for a
child’s education or building your retirement corpus - the need
varies for each one of us and there is a different way to address
this need. An investor is always in a dilemma where to invest,
how to invest and when to invest. If you closely observe, each
of the listed financial goal has a different time frame. It is equally
important to be aware at this moment that some of the goals
are negotiable, which means they are flexible in their timelines.
However, there are goals that cannot be postponed such as a
child’s education, at the same time, your house purchase can be
set off by a few years and if possible you can be a bit flexible with your retirement as well.
One of the best ways to get started is by listing the financial goals, the sums you would need for each of them and the time frame in which you will need it.
Get started, and achieve your financial goal.