To secure educational future of your child or your own, one should save money to harbinger the message of smoothness and prosperity in one's life. Jyoti Bhandari tells you how systematic investment plans can help
Education is an essential and most important aspect of life. In this world of advancement and technology education is the only key to pass through the gate of success. Education is the safest means to achieve your dreams, goals and aims. Relevancy and importance of education is increasing day by day and so its expenses. To secure educational future of your child or your own, one should save money to harbinger the message of smoothness and prosperity in one’s life. To implement this task, Systematic Investment Plans (SIP) is here for your help. Don’t take any pressure, whether you want to go over board or abroad, SIP is here for you to make you ride on the goal board.
In the world of modern advancement, dearness and uncertainty, one has to be certain in their decision to have secure future. Investing in education, for education and by education is profitable in all terms. Inflation is spiking day by day to fulfill basic needs i.e., food, water, shelter and education one should not restrict on single income, make income through investment to create a second source.Education is the passport to the future, for tomorrow belongs to those who prepare for it today. SIP gives an opportunity to you to invest as per your convenience.
Being humans, we cannot predict future but being responsible for our family and future one can prepare oneself for future. All days are not same. Save for a rainy day. When you don’t work, savings will work for you. It works as a helping hand to you. It is easy on pocket, Starting with as low as `500 per month towards your first step to financial freedom. Depending on your current financial situation, risk appetite and the nature of your goal, you can choose a scheme from debt asset class to equity.
The formula to create wealth is time invested not the timing.SIPs bringfinancial discipline in your both spending and investing behavior by making you save first before you spend. Buffet rule, helps one to lead the independent thought in right direction independently. It can help you to create your short term and long-term goals and allows your money to work for you while you are focusing on career and family.
Power of Compounding is highlighted by well-known scientist and mathematician Albert Einstein, “Compound interest is the eighth wonder of the world. He, who understands it, earns it…he who doesn’t… pay it. Is the one and only non-biased phenomenon on earth as it doesn’t care about your colour, age or gender? It works for both poor and rich. The most important factor that works in compounding is the time invested. Along with reward, it teaches you discipline, patience and living in your means. It gives wings to your dream. If you dream big, experience the eighth wonder of the world.
When money realises that it is in good hands, it wants to stay and multiply in those hands." It's your money, your goals, and your convenience. SIPs offer you convenience from choosing the date of investment, amount that you can afford and most importantly the liquidity to call for your money when you need it. Our life has ups and downs and so do our investments!
The economy depends about as much on economists as the weather does on weather forecasters." Jean-Paul Kauffmann. SIPs give us an opportunity to spread our risk through fixed amounts and dates across the years, capturing the volatility and benefiting from the highs and lows by investing in the lowest NAVs to bring down the purchase costs. While you focus on your daily affairs, this technique of rupee cost averaging works for you to bring the maximum benefit to the portfolio.
The writer is Founder and CEO, Lovak Capital Pvt Ltd