What is Goal Based Investing: Everybody wants to do something big in life. These wishes may be to be responsible for everyone to roam or buy a car or buy their homes or to bear the expenses of children’s education. Some people also plan for their retirement. But you can’t do all this only by dreaming. For this, it is important to plan your thoughtfully and save from the rule. Not only this, it is also necessary to invest in your right place. In all these cases, your ‘target based saving’.
Nivesh can also be in your property, mutual funds or again in the gold person. For this, while withdrawing the money, you should also keep in mind the time taken to complete inflation and every goal. Both these things will decide how much money you have to save. After setting your goal, the right step is that you should calculate how much money you will need for it. To understand this, you will need to identify the time taken to complete inflation and every goal.
Focus on round based investment scheme
Vivek Jain, the investment head of the policy market, says that if you want to buy your dream house or save for the education of the child or you are doing your retirement plan. For all these, you should focus on a round -based investment scheme. For example, if you are starting to plan retirement at the age of 35, then you can separate Rs 20,000 every month in the next 25 years, then you can separate Rs. 12% in the product related to the market. You can deposit up to crores of rupees. While making a round-based investment, you should take care of some things given below-
Declare your goal and set the priority
First of all, prepare a list of all your financial gols. After this, set these goals as per their importance and immediate need. This will help you understand where you should invest your money.
The required amount of money due to the goal
At number two, find out the amount required for your goal. How much money you will really need to complete your every goal. It is important to understand this. For this, you have to take care of two things. The first of this inflation and the second time to complete your target.
Investment correctly with target
On the basis of the time it takes to meet every target and the inclusion of it, you should invest your money at different places. Low -risk investment is perfect for early completion goals. At the same time, you can take a little more rich for distant goals.
Choose the right investment way for the goal
It is beneficial for every goal to invest money in different ways. For early completion goals, you can choose ways of low -dependent investment. Such as fixed deposits, short -term bonds, or logid funds etc. For other distant goals, you can take a little more reference like you can invest in shares, mutual funds or ETFs.
Regular review and rebalance
From time to time, keep an eye on your goals and investment. Rebalance (rebalance) your investment according to the need. This will decide that your money is going on according to the changing round and ability to raise the rest.
Automatic investment
Start the facility to transfer automatic money to investment account with your salary. The advantage of this will be that you are constantly depositing money to complete your goal. Also, you will not have to worry every time for this.
Stay disciplined by renewes
Always be disciplined by whatever investment plan you do. This means that you should first make your advice when the salary comes. Also, there may be ups and downs in the market. Do not take any such decision in emotions, so that your long -term financial goals have any kind of threat.
Keep an eye on investment
You have to be cautious while nuisshing. Keep watching that the investment made by keeping your different goals in mind. If there is a need, make changes in the amount or investment strategy in your investment so that you are not away from your goals.
Seek the advice of someone knowledgeable on the need
If you are having trouble understanding what you should do or where you want to consult, then you can think of taking advice from any financial advisor. These advisors can help you in making a special investment plan according to your goal and ability to lift your goals.
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