Invest for your futureMutual funds | Goal based planning | Retirement planning
Mutual Funds are the best way to invest if you are someone who does not understand the intricacies of the stock market or do not have the time to understand it. They give a choice of either investing in debt which is relatively safe or the most volatile combination of shares depending on your choice and your financial status.
Goal based planning
Investment planning should be done for a specific goal. Say, you want to save for a child's education and the money will be needed in 3 year's time. The money should be invested in a Fixed Deposit with a bank. It is necessary to decide the goal and then look for an appropriate investment.
Retirement planning should ideally start from the first wage packet. In any case, starting early and giving enough time to get to a reasonable total, it is possible to go for investments with higher returns and eventually build up a good retirement kitty to enjoy the golden years.