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PERSONAL FINANCE ADVICE | INVESTMENT ADVICE | RETIREMENT ADVICE | MORTGAGE ADVICE

Remember a few things before you start your long term investment plans. Do not listen to other’s theories and take your decision. Rather compare everyone’s theories, do your research, note down the pros and cons, and then come to the final conclusion.

WHAT SHOULDYOU REMEMBER FIRST?

TAKE EFFORTS TO MAKE SOME RESEARCH

Expand your wings to gain as much knowledge as you can, compare the strategies of various companies, take suggestions from your own sources. Check the company’s progress graph. People nowadays are more attracted towards mutual funds and other similar investments. These mutual fund companies have shown tremendous progress over the last few years and charges low rates of management fees.

INVOLVE YOURSELF IN A VARIETY OF INVESTMENT PLANS

Be confident and take risks by investing in different stock markets, bonds, shares, mutual funds, etc. Expand your investment plan in more than one country, that gives you good returns in future, and does not have the risk of economic crisis.

REINVEST

Do not spend much in the excitement of your returns that you got after your savings. Rather, use the interest amount received from the maturity of your policy and reinvest the remaining amount again for a specific period. This will help with the regular parallel flow of cash and savings together.

PREPARE YOUR FUTURE PLANS

Prepare yourself for any future crisis that may occur in the country or your bank particularly. In case of such emergency situations or crisis, it is better to be prepared with a back up plan by keeping other funds as a safety, rather getting collapsed.

KEEP TRACK OF YOUR INVESTMENT

Track your investments by making note of every detail that you have invested which includes: company name, amount invested, policy name, maturity date, interest amount, etc. This will ensure no confusion at the last moment.

THANKS FOR WATCHING

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