Investing Is Your Personal Plan
Start Your SIP in Mutual Funds.
In Investing, it is not about your investment product or investment procedure it is all about your personal plan. You have to decide what goals you have in your life how you can go from one level to another level to achieve those goals.
To achieve your goals you must have certain resources coming to you and your commitments to fulfill your goals. Normally, an individual can earn money when he is young but over the period the earning capacity of an individual diminishes.
Earnings that an individual starts earning when he is young, needed to be invested wisely so that in old age when earnings diminish, he can fall back on those investments to continue living life comfortably.
You have to make a clear picture of your own goals which you need to fulfill over the period and then invest wisely to achieve those goals in time.
Investing Is Your Personal Plan, How?
Mr. Ram aged 30 years who is working in an IT Company is having a goal to retire by age 55 and for that, he needs Rs.5 Crore to achieve this goal. He also wants anytime liquidity for his corpus.
He consults his financial advisor and he finds out that there are various investment products like Stocks, Bonds, Mutual Funds, Real-Estate are available that can be used for his financial goal.
As he needed easy liquidity for his investments, after discussion with his advisor he found that Mutual Fund is a suitable investment product for his requirements and can also help him to achieve his financial goals.
So, in this case, this whole investing process by Mr. Ram is his plan. You, me or anyone else cannot copy-paste his investment plan or investment procedures – Everyone has their requirements & goals.
It is not about investment products or investment procedure, Investing is Your Personal Plan.
Any Query? Tweet me @gurpreet_saluja
Hi, I’m Managing Director at Gurpreet Saluja Financial Services where I help my investors to invest in mutual funds and achieve their financial goals. I’m also a Value Investor and here I write about Personal Finance & Investing.
