We belong to a conservative culture where saving habits are inbuilt into our DNA. As a country, we prefer to save than to spend, unlike the developed economies that are fueled by the spend driven demand of their domestic economies. Saving comes naturally to and all of us save for the future in our own ways. Whether it is putting our savings into a bank FD or contributing to a PPF or cutting down on expenses to manage a home loan EMI, savings is all that we do. But what about growing your money to something beyond the savings that may at best get you 8% - 9% return, half of which is any way gobbled up by inflation?
That's when saving and investment come together to help you build wealth and have a sense of financial security. Having a job is not sufficient to feel financially secure because what is left from your salary after all monthly expenses are paid is not sufficient to pay for future lumpsum expenses that'll come due over time. Salary and savings from salary cannot provide for big-ticket items in life like higher education of children, their weddings, health expenses in old age and expenses of the long, retired phase of your life when salary would no longer cushion you. It is imperative to put your savings into investment avenues where they can grow manifold over the long-term.
You need to understand the difference between short-term and long-term investment decisions so that you take a holistic approach towards building financial security and wealth.
Secure Short-term Goals
Short-term goals are usually defined as milestones you wish to achieve in the next 1-3 years. If there are some short-term goals which you can't afford to miss, go for savings options like bank FD or better still invest in suitable debt mutual funds if you are comfortable with mutual funds. Fixed income mutual funds or debt funds are safer than equity oriented mutual funds and have the potential to offer you a higher return than bank FDs. But you must research well or take the help of an investment adviser to choose the right funds that go well with your financial goal and risk-taking ability.
Don't let your money sit idle in the bank
Most people just let their money sit in their savings bank account even when the amount is significantly higher than what is required for managing day-to-day expenses. Don't let surplus cash lie in a savings deposit. Rather invest it in a liquid mutual fund that can potentially offer you a return higher than what the bank would offer you. Liquid funds are convenient to operate as they don't have entry and exit loads and redemption money is available to you on the next business day when you want to sell your holding in the fund. Liquid funds are best suited for investing surplus cash for 1-90 days duration and are the least volatile of all mutual funds.
Invest in Balanced Mutual Funds for the medium-term Goals
If there are some requirements which you expect will become due in the next 3-5 years, choosing a balanced mutual fund or a suitable hybrid mutual fund could be a good option. Balanced funds which are a kind of hybrid mutual fund invest in a mix equity and debt securities. They capture the characteristics of both equity and debt funds while offering a moderate risk-return proposition to their investors that is suitable for those who prefer to play safely while looking for some upward potential of equities.
હોમ લર્નિંગ અંતર્ગત દૂરદર્શન કેન્દ્ર -ડીડી ગિરનાર પર શૈક્ષણિક કાર્યના પ્રસારણ બાબત
મહત્વપૂર્ણ ઓક્ટોબર લિંક.
ઓકટોબર-૨૧ ધોરણ ૧ અને ૨ હોમલર્નિંગ સમયપત્રક માટે અહીં ક્લિક કરો
ઓકટોબર-૨૧ ધોરણ 3 થી 5 હોમલર્નિંગ સમયપત્રક માટે અહીં ક્લિક કરો
ઓકટોબર-૨૧ ધોરણ 6 થી 8 હોમલર્નિંગ સમયપત્રક માટે અહીં ક્લિક કરો
ઓકટોબર-૨૧ ધોરણ 9 થી 12 હોમલર્નિંગ સમયપત્રક માટે અહીં ક્લિક કરો
મહત્વપૂર્ણ સપ્ટેમ્બર લિંક.
ધોરણ 6 થી 8 ટાઈમ ટેબલ PDF (17/09/21-30/09/21)
સપ્ટેમ્બર-૨૧ ધોરણ ૧ અને ૨ હોમલર્નિંગ સમયપત્રક માટે અહીં ક્લિક કરો
સપ્ટેમ્બર મહિનાનું ટાઇમ ટેબલ તથા પરિપત્ર ડાઉનલોડ કરવા માટે અહીં ક્લિક કરો
મહત્વપૂર્ણ ઓગસ્ટ લિંક
ઓગસ્ટ 2021 નો પરિપત્ર તથા 1-31 તારીખનુ ટાઈમટેબલ જોવા માટે અહીં ક્લિક કરો
મહત્વપૂર્ણ જુલાઈ લિંક
જુલાઈ 2021 નો પરિપત્ર તથા ટાઈમટેબલ જોવા માટે અહીં ક્લિક કરો
હોમ લર્નિંગ અંતર્ગત દૂરદર્શન કેન્દ્ર -ડીડી ગિરનાર પર શૈક્ષણિક કાર્યના પ્રસારણ બાબત
ઓગસ્ટ 2021 નો પરિપત્ર તથા ટાઈમટેબલ જોવા માટે અહીં ક્લિક કરો
જુલાઈ 2021 નો પરિપત્ર તથા ટાઈમટેબલ જોવા માટે અહીં ક્લિક કરો
Invest in Equity oriented options for the long-term
Read more :-
September std 3 to 8 TIME TABLE
*💥📢🆕🛑શિક્ષક મિત્રો દ્વારા કરાતી 100 વધુ કામગીરી નું લિસ્ટ મેળવવા અહીં ક્લિક કરો*
Duplicates Cleaner Android App
Duplicates Cleaner Android App
Increase your device "Internal Storage" in Just 2 Steps! Are you facing storage issue on your device ?, is your device low on storage ? do you want to increase storage on your device ?, if "yes" then look no further & hit that "install" button.
Find & Clean "Genuine" Duplicate Images, Duplicate Audio files, Duplicate Videos & Duplicate Documents in Most Simplest Way!, Our Duplicates Cleaner app Uses Several "Proprietary Techniques" to Find 'Genuine Duplicates' in Most Efficient Way Than any other duplicate media remover app (or) duplicate file finder app in store.
No other duplicate cleaner app (or) duplicate files fixer app can beat us in file deletion performance, our app is great for recovering loads of storage space very effectively & efficiently!
Duplicates Cleaner the application removes all duplicate media audio, images and videos files present in you are internal to phone memory and external storage to SD card. Duplicate file remover is a powerful duplicate file remover app. Photos, videos occupy most of our storage space and if we do not identify such duplicate files then our storage runs out of space due to unnecessary reason. It lets you easily search and remove the duplicate files on your android mobile phone and tablet.
Using duplicate files finder you can easily identify identical same and similar photos, videos, audios and delete them with just a single click. Nowadays with so much storage space in android devices, we usually dump whatever we can until the storage fills up to its brim. Source -Google Play Store
Click Here Download Application
No other duplicate cleaner app (or) duplicate files fixer app can beat us in file deletion performance, our app is great for recovering loads of storage space very effectively & efficientl
When a financial goal is a long time away say your retirement life that will begin in 15 years or higher education of your daughter that will become due in 7 years, the best option to go for would be a well-diversified equity fund. Equity funds are best suited for long-term investments beyond 5 years since equities are prone to higher volatility in the short-term but can give good returns over the long-term. Invest wisely in a few equity funds that suit your personality I.e your willingness to take the risk.