The first step of investing is always the
hardest & most people falter at this stage itself, now a days we
hear & read so many things about Finance from websites & News
channels that our brain stops us from taking any actual action at all -
The main problem here is CHOICE, Human brain goes on the defensive when
it has to choose from multiple choices as compared to Yes or No CHOICE.
Too many people advise about Equity - Equity all the time, I have a different perspective on this, but first a question Would you have succeeded in your life if you had directly taken the admission in 10th Standard at the age 16? No you would have failed miserably & that is what is happening in the Personal Finance space now you can not jump you will fall on your face & hurt yourself similarly Equity investments are risky & the risk capacity needs to be built overtime & can not happen overnight,
Personally I would recommend starting with small steps,Most of us will have money lying in Savings bank Account & or Short Term Fixed Deposit Receipts You can shift this to ULTRA LIQUID MUTUAL FUNDS, These funds yield approx 8.25% interest but you can withdraw money anytime which is a fantastic benefit, so you get the liquidity of Savings bank Account & Returns of Fixed Deposits.This is a good thing to start off with.
Stay with this thought I will be shortly uploading the necessary forms etc. on the website http://www.chintamoney.com/ so you can start your financial journey easily.
Too many people advise about Equity - Equity all the time, I have a different perspective on this, but first a question Would you have succeeded in your life if you had directly taken the admission in 10th Standard at the age 16? No you would have failed miserably & that is what is happening in the Personal Finance space now you can not jump you will fall on your face & hurt yourself similarly Equity investments are risky & the risk capacity needs to be built overtime & can not happen overnight,
Personally I would recommend starting with small steps,Most of us will have money lying in Savings bank Account & or Short Term Fixed Deposit Receipts You can shift this to ULTRA LIQUID MUTUAL FUNDS, These funds yield approx 8.25% interest but you can withdraw money anytime which is a fantastic benefit, so you get the liquidity of Savings bank Account & Returns of Fixed Deposits.This is a good thing to start off with.
Stay with this thought I will be shortly uploading the necessary forms etc. on the website http://www.chintamoney.com/ so you can start your financial journey easily.
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