At a very basic level, we can grow our wealth by either saving more money or making more money. One of the most popular ways that salaried professionals save in India is by investing in tax saving instruments.
There are facts and then there are opinions. “Sun rises in the east” is a fact i.e. it does not matter if you were born in India or the US or if you were born in the 20th or the 21st century the fact will not change.
Our Company’s founder Arjun Sarkar recently answered a question on Quora from a 23 year old asking, What’s the right place to invest? That got us thinking on what kinds of investment should be pursued and what should be avoided.
Before we get to the topic at hand, an important question to consider is why are you investing in mutual funds. The objective and the time frame to achieve the objective must be absolutely clear.
If you are the primary earning member of your family will you agree with the statement that your life is the most important asset for your family? I believe you answered the question in the positive.
It was a typical Saturday morning as I sat on my computer going through my finance numbers, a ritual I have been following every week for the last couple of years now. Yes, I know