If you have started earning, it is always best to start investing, investing early will make you financial in-depended and retire early. Know what are the 5 best assets in 2023.
Stocks are all time favorite assets to buy , because it is the most affordable asset any one can buy. Despite the volatility and uncertainties in the global markets, stocks remain a popular choice for investors seeking long-term growth.
Some of the sectors which you can invest are technology, healthcare, renewable energy, and infrastructure. Companies driving innovation in these sectors, backed by solid fundamentals and growth potential, may present attractive investment opportunities for the investors. So , buying stocks of these companies can give good ROI ( return on investment ) in a long run.
If you are not aware how the stock market works , it is better to learn about shares and stock market. Alternatively, you can diversify your stock portfolio by investing in mutual funds for a better returns.
Now people will ask how health insurance can be an investment , well as we see there is a double digit price increase yearly in the health care sector , it is better to buy a good health care insurance early at your age. As you age , the premium becomes costly and your health care emergency can put a big hole in your pocket.
If you are not buying a health care policy for yourself and family , it is going to be a costly affair in the future.
If you are some one who is not holding a health insurance because your employer provides it, remember your employer insurance only valid till you work for your employer, once you quit or retire your employer insurance is not valid. So it is always better to invest on health insurance personally even if you have an medical insurance from your employer.
Gold has given a good return through out the century, if you are some one who are hesitant to accumulate physical gold you can always buy gold bonds which will give you same returns as physicals gold. You can also invest in E gold , where gold you buy are kept in a vault and secured. Know your options and invest certain amount of your savings in gold
FD’s are the traditional investment methods we know , fixed deposit suits for people who is looking for a safe investment strategy with a low risk. Fixed deposits ,typically have terms ranging from a few months to several years, allowing individuals to choose the duration that suits their investment timeline.
If you are not able to invest in lumpsum , you can start a RD ( recurring deposit) monthly for longer time, thus creating a huge sum in deposit. Once you generate huge sum of amount in RD convert that amount as fixed deposit.
Buying real estate is costly affair , but it seems to be a best assets option always. If you are some one who doesn’t have a large sum of money to buy real estate start small and buy one with help of a bank. During 2020 pandemic it was a best opportunity to buy property since banks were offering lowest interest rate on property loans.
Investing is a habit , so start early when you start making money. Dont wait for investing till you make big, which will procrastinate your investment plan. Start with stock market investing if you are looking to start small.
