Investment Tips New Year: The youth have the responsibility of improving not only their families but also the country. It is important for the youth to start the new year 2025 with better financial planning. If you are already investing then it is very important for you to balance your investment portfolio. Veterans believe that we should invest about 30 percent of our salary. Whereas, not more than 50 percent should be spent for everyday needs. Veterans have included health insurance as an everyday necessity. Here we will tell you how you can balance your investment portfolio in a better way.
Keep money in bank account
Always keep a part of your earnings in a bank account, so that you can get instant help in case of urgent need of money. Money kept in a bank account provides you tremendous liquidity.
mutual fund sip
Invest a part of the savings in mutual fund SIP. In mutual fund SIP, along with the tremendous returns of the stock market, there is also a huge benefit of compounding. Try to run SIP for as long as possible because the full benefit of SIP is available only in the long term.
PPF is best for fixed returns
Make sure to invest a part of your savings in government schemes like PPF. In PPF, you get fixed returns with government guarantee, which plays an important role in balancing your investment portfolio.
Don’t forget to invest in gold
Also invest in gold to diversify and balance your investment portfolio. You can buy gold coins 2-3 times in a year as per your capacity. Gold can give huge profits in the long term.
Never ignore health insurance
In the end, the biggest and most important thing you have to keep in mind is that all these things will be possible only when you stay away from unnecessary expenses. Additionally, ignoring health insurance can prove costly. Even if it is worth Rs 5 lakh, definitely buy health insurance. If you do not have health insurance and you ever fall seriously ill, all your earnings as well as all your dreams will be ruined.
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