Sunday, 20 February 2022

All about investments

Money and Investment
     
In simple words, it is a well accepted medium of exchange of goods and services offered. When money works for you to earn more money it is nothing but one of the way of investment. 

Top sites for investment profiling
For screening of stocks
Screener.in 

For managing your portfolio with Expected Rate of Return (XIRR)
ETPortfolio

Demat for long term investment
Groww

Is your money safe?

        Investing in different ETFs, gold is always a safe option for not loosing your money. ELSS funds are also the same. This are generally very less volatile entities for long terms and higher returns with very low risk. 

Goal based investment

         It is one of the best way of investment. You can fix your goal. For instance, you got the job just now. Your salary is exceeding your expenses. You can dream that, in future you will have enough money or passive income source that you do not have to earn for living. So, fix your calculations with sheet as

Monthly net income in hand after health insurance and emergency descrepency50000
Current monthly expenses10000
Available to save currently40000
Investment needed to achieve goal to have 10000 monthly passive income assuming 12% returns annually10000
Hence 1% should be the equivalent return equivalent to 10000100000010 Lacs
Hence when you will have 10 lacs in such an investement which gives on an average 12% return you will be free from "work for living"