Thanks to the growing economy, the young generation is not only earning well compared to their previous generations, their spending power is indeed boosting the economy in turn.
While most youngsters focus more on spending, it is imperative that they give adequate attention to their investment habits as well. Here are 5 important questions and their answers, faced by a newbie to the world of investments.
I have recently started earning. Why do I need to start saving for retirement so early?
Among several other reasons to suggest saving for retirement early in life, possibly the one that could gel well with youngsters is that the amount required will be considerably less compared to making a delayed start. By starting to save early for your retirement, one will benefit from the magic of compounding. Most people are unable to fathom the true cost of delayed savings. For instance, Rs. 10,000 per month saved for 20 years would grow to roughly Rs 1 Crore (assuming a 12 percent return). In 30 years, the accumulated amount would be closer to 3.5 Crore. Look at the kind of difference a 10-year head start can make!
Also, remember the 30:30 rule of retirement. 30 years of earning period feeds the 30 years of non-earning period! This is because with increasing life expectancy, the non-earning period in an individual’s life is increasing and one needs to make provision for it as early as possible.
I am new to stock markets. I don’t want to risk my earnings by investing in equity mutual funds. Is there any risk by not investing in equities?
Bu hikaye Investors India dergisinin June-2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Investors India dergisinin June-2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
5 Steps To Achieve Your Financial Goals
From a beach house, a Jaguar, to traveling the world – there are many things in life that we want to accomplish.
Microbiome: The Invisible Ecosystem Within us that Safeguards our Health
Imagine being able to heal yourself and build immunity against major diseases without relying on heavy medication. It sounds fantastic, right? Who wouldn’t want that? The key to achieving this lies in a fascinating area of research—our microbiome.
Gold ETFs: Attractive option for retail investors to take exposure to yellow metal
With the equity market experiencing volatility in August, investors are increasingly seeking to diversify their portfolios.
The Retail Revolution: How India's Stock Market Got a Makeover by the Common Man
In the annals of India’s financial history, the stock market has long been the playground of the big boys—mutual funds, insurance behemoths, and foreign portfolio investors (FPIs).
Strategies to adopt when the markets are at a high (for new and existing MF investors)
An investor must have a plan in place and, more importantly, stick to it regardless of shifting market conditions.
A Collaboration to keep Health FirstPNUT and IDA come together as One!
You reap what you sow! And if you sow health, you will reap a healthier tomorrow. Following the same lines, Personal Nutrition (PNUT) and Indian Dental Association (IDA) have come together as partners to promote complete health and nutrition for each individual! How things unfolded? Let’s explore.
Making a choice between equity and debt mutual funds for long-term goals
Mutual funds are quickly becoming a preferred investment choice for millennials.
ASK THE EXPERT
From last Financial Year, I have shifted to the new Tax Regime.
Flexi-cap Fund Vs Hybrid Fund
Investors in mutual funds can choose from equity, debt, or hybrid funds, each offering different risk and return profiles. Flexi-cap funds provide diversification across market capitalisations, while hybrid funds balance equity and debt for stable returns.
Neuroplasticity: You Can Teach An 'Old' Brain New Skill
A few decades ago, it was believed that the brain’s structure and functions were entirely dependent on genetics, age, and early childhood experiences.
