8 ways to protect your wealth and grow it.
May you live in interesting times’ is rumoured to be a Chinese curse. Whether or not it is, no one would disagree we live in such times. Consider the events that lead us to 2017—Britain voting to leave the European Union, Donald Trump taking over as President of the United States, repeated terrorist attacks across the world and, at home, demonetization and a slowing economy. All this leaves us with a gnawing sense of uncertainty. What next, we think with trepidation. And, is my money safe?
Should you clutch your treasure chest waiting for the tide to turn, then? “Risk and returns are two sides of the same coin,” says Gaurav Mashruwala, Mumbai-based certified financial planner and author of Yogic Wealth. “Inflation, taxes, government policies, geo-political situations and economic cycles affect all investments. The day you part with your money, you have taken a risk. This does not mean you should not invest. In fact, not investing is a risk in itself. But an understanding of risk will help you protect your wealth and generate higher returns,” he says.
So, take heart, dig in your heels and heed the advice of these financial planners. Here are eight ways to protect your wealth and grow it.
Don’t Just Let It Sit There
Denne historien er fra February 2017-utgaven av Reader's Digest India.
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Denne historien er fra February 2017-utgaven av Reader's Digest India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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READER'S DIGEST-BOOKS
These book summaries highlight Siddharthya Roy's exploration of conflict and violence, Michael Castleman's deep dive into the history of publishing, and Swadesh Deepak's examination of social issues and masculinity through Hindi literature.
Man with printed sarong
A lawyer, pianist, critic, and mentor to artists, Lionel Wendt is best known for his photographs of Sri Lanka, especially those of people indigenous to the island, captured amidst the lush landscape or posing in his studio.
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New studies show that even moderate drinking is a health hazard. Here’s a frank look at the toll alcohol takes on the body
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Coimbatore-born Prashanth Srivatsa is a science fiction/fantasy writer whose stories have appeared in magazines such as Asimov’s, Magazine of Fantasy & Science Fiction and Three-Lobed Burning Eye, among others. Prashanth’s debut fantasy novel, The Spice Gate chronicles the journey of Amir, a young man born with special abilities who unravels the power that keeps the world in balance. magazines such as Asimov's, Magazine of Fantasy Science Fiction and Three-Lobed Burning Eye, among others. Prashanth’s debut fantasy novel, The Spice Gate chronicles the journey of Amir, a young man born with special abilities who unravels the power that keeps the world in balance.
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