What are some financial planning tips for early professionals?
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Early professionals should invest a snall portion of their salary from the very first month itself in a Index mutual fund or an exchange traded fund in their Domestic stock markets . The initial mobey should always be invested in a mutual fund or am ETF whuch is focused on large cap stocks e.g. stocks...
read more Early professionals should invest a snall portion of their salary from the very first month itself in a Index mutual fund or an exchange traded fund in their Domestic stock markets . The initial mobey should always be invested in a mutual fund or am ETF whuch is focused on large cap stocks e.g. stocks belonging to SENSEX30,NIFTY50,DOWJONES30,NASDAQ100 etc. Continue this systematic investment diligently without interfering with market and doing manual Investments ...stay passive and don't bother to look at market screen every day .. maintain bank balance diligently so that this systematic investment doesn't fail due to lack of fund in your bank account . Be STRICT IN NOT BEING TEMPTED TO WITHDRAW MONEY FROM THIS MUTUAL FUND OR ETF DUE TO PERSONAL SPENDING. ALWAYS BE DETERMINED THAT EQUITY RELATED INVESTMENTS ARE MEANT FOR LONG TERM WEALTH CREATION ONLY AND NOT FOR TAKING CARE OF YOUR SHORT TERM EXPENSES read less
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