"The only thing that money gives you is the freedom
of not having to worry about money"
Generally, we confuse word Investments with Savings, though very often these words are used interchangeably. In simple words Savings implies what we save out of our current income for future needs and Investment implies investing in different assets keeping in mind a particular goal for example buying a house, world tour etc. Prime objective of savings is to save for contingencies rather than generating high returns. On the other hand, investment’s prime objective is to generate returns keeping in mind short / mid / long term goals of investor.
Since, our childhood we are listening to a story of “thirsty crow” which still holds good and continue to hold good even after centuries. Let’s compare and contrast the story, imagine our desires as thirst of crow, low level of water in pot as insufficient money balance in our bank accounts. Now, crow starts putting pebbles in pot to make water level sufficiently high so that he can quench his thirst in the same way invest on regular basis so that our bank balance doesn’t remain to be insufficient. Investing in various instruments keeps your financial health sound just as proper exercising and diet keeps your body healthy. Step towards sound investing strategy:
Once goals are defined in money value then there are various instruments through which investments can be done like:
Proper planning and execution ensures flawless financial support.
Visok Advisors is a Authorised Partner with
Aditya Birla Money for Broking and Distribution.