Don’t just save, invest
It’s not enough just to save your money. To grow your wealth you have to invest. Although investments go through ups and downs, they can be potentially more rewarding over the longer term, beating the rate of inflation. Equities typically outperform other asset classes as their long-term returns are primarily driven by rising corporate earnings.
There are various investment options available for an individual such as investment in Gold, Mutual Fund, Systematic Investment Plan, Systematic Withdraw Plan, Fixed Deposit, National Pension Schemes, Post Office deposits, Bonds, Gold ETF and Recurring Deposits. It is purely based on the risk appetite of the individual. So not only save but also invest. Equities typically outperform other asset classes as their long-term returns are primarily driven by rising corporate earnings.
Dharmendra Khairajani, Assistant Professor, Unitedworld School of Liberal Arts and Mass Communication (USLM)
Disclaimer: The opinions / views expressed in this article are solely of the author in his / her individual capacity. They do not purport to reflect the opinions and/or views of the College and/or University or its members.