Everyone invests for a different reason. Some to beat inflation, some buy & hold to avoid taxation and a few invest for thier dreams.
- Invest for your retirement corpus
- Invest for your upcoming generation by creating wealth
- Invest to build cashflows
- Invest to avoid cash pile trap by protecting from a thief of inflation
- Invest to test your expertise
- Invest because you don’t have a better alternative
- Invest to first & earn
Many people don’t realize the worth of financial planning when they are young. Once the realization hits, damage has already been done. Paradise lost !!
Take aways:
- If you are beginner, at least invest in fixed deposits and start learning about index funds
- If you are mediocre, try experimenting with direct stock picking by allocating some portion of your funds
- If you are expert, try not to over leverage just because your broker is providing you extra margin for free
