What is an Investment
April 17, 2021
Welcome to the world of investment…..Welcome to the world of Wealthworth and our Blogs section. We believe in financial inclusion and so financial education.
Today, we are more aware about our surroundings as compared to 15-20 years back. Even then; we at times call our purchases like; cars, phones, TVs or Education as our investments; which is incorrect.
So, what are investments?
In simple words, investment means putting your savings into assets which grow your money over a certain period of time. Some examples of such asset classes are; Mutual Funds, Equity, Stocks, Debts, CDs( Corporate Bonds), FDs ( Fixed Deposits, etc. These are assets that we buy with an intention to get its value appreciated in future and which can be liquidated in case we need them and use them. However, different asset classes have different liquidity and different patterns of returns.
Before getting into investment, you must set your investment goal; like Childs’ Education, Childs’ Marriage, Maximise the Retirement Corpus; Retirement Planning, etc.
It is always recommended to do your Financial Planning before buying or selecting any asset class. Always take experts’ advice and choose your Financial Advisor. The Wealthworth Financial Advisor Team is happy to guide you. Connect with us or whatsapp Wealthworth.