DOWNLOAD PDF

E-Book

Samriddhi VOLUME 6 EDITION 14

DOWNLOAD PDF There is something magical about goals. The moment you set them, you get inspired to follow them. Your financial goals are the foundation of your financial plan. Goals make your savings meaningful. In absence of goals, many of us get tempted to spend on the spur of the moment; there are just too many ‘toys’ out there. But when you set financial goals and commit to them, your spending habits automatically change. The next step after setting goals is to estimate the amounts needed for them. You make allocations for each of the goals and contribute towards them in a disciplined manner. This is the surest way of achieving them. Unfortunately, this process is also boring; there is nothing sensational about it. This makes many investors ‘lose’ interest in it. Don’t make that mistake. Discipline is the greatest virtue of an investor. Those who stay disciplined not just achieve their goals but also lead a life free from financial stress. Many investors ask ‘where’ they should invest for a particular goal. The answer lies in knowing the timeline of your goal. For long-term goals (at least five years away), equity mutual funds are the best option. For shortterm goals, go for debt funds. This is also the first lesson in asset allocation. Finally, in your financial journey, SIPs are your vehicle. For your long-term goals, do SIPs in equity funds. SIPs naturally bring discipline to investing. They help you average your investment cost and hence improve your overall returns. As your goal nears, ‘reverse’ the SIP process, i.e., go for an SWP. Intrigued? That’s the theme of this issue’s lead story. Happy reading!

There is something magical about goals. The moment you set them, you get inspired to follow them. Your financial goals are the foundation of your financial plan. Goals make your savings meaningful. In absence of goals, many of us get tempted to spend on the spur of the moment; there are just too many ‘toys’ out there. But when you set financial goals and commit to them, your spending habits automatically change. The next step after setting goals is to estimate the amounts needed for them. You make allocations for each of the goals and contribute towards them in a disciplined manner. This is the surest way of achieving them. Unfortunately, this process is also boring; there is nothing sensational about it. This makes many investors ‘lose’ interest in it. Don’t make that mistake. Discipline is the greatest virtue of an investor. Those who stay disciplined not just achieve their goals but also lead a life free from financial stress. Many investors ask ‘where’ they should invest for a particular goal. The answer lies in knowing the timeline of your goal. For long-term goals (at least five years away), equity mutual funds are the best option. For shortterm goals, go for debt funds. This is also the first lesson in asset allocation. Finally, in your financial journey, SIPs are your vehicle. For your long-term goals, do SIPs in equity funds. SIPs naturally bring discipline to investing. They help you average your investment cost and hence improve your overall returns. As your goal nears, ‘reverse’ the SIP process, i.e., go for an SWP. Intrigued? That’s the theme of this issue’s lead story. Happy reading!

My Financial Goal #1

My Goal

Buy a House

Achievment Date

July 31, 2022

Create your own goal through "Smart Selfie"

Get Started

Most Viewed

Samriddhi Volume 8 Edition...

Samriddhi Volume 9 Edition...

Samriddhi Volume 8 Edition...

E-Book

Samriddhi VOLUME 6 EDITION 14

Read Next

Most Viewed

You may also like

About Us

Our Solutions

Funds

Investor Solutions

Quick Links

Help

Looking for our mobile app

Protecting

Investing

Financing

Advising

Protecting

Investing

Financing

Advising

E-Book

Samriddhi VOLUME 6 EDITION 14

Stay updated!

Read Next

Most Viewed

You may also like

About Us

Our Solutions

Funds

Investor Solutions

Quick Links

Help

Connect with us

Looking for our mobile app