Understanding how money works is the first step toward making your money work for you, says Harshad Chetanwala, co-founder MyWealthGrowth.
Select the exact category by matching your investment horizon to the portfolio duration, suggests Sanjay Kumar Singh.
Resist the temptation to react to every move of the market and remain disciplined with your investments till you reach your financial goal.
You need to learn the art of balancing savings and investments, advises Harshad Chetanwala, co-founder, MyWealthGrowth.
Be mindful that each instrument is governed by a different set of gifting rules and is also taxed differently.
Some of these plans will weigh on your pocket. The increase in premium could also be large as you grow older.
Make the most of the income that you earn by invest the money in the right instruments. The advantages of starting early and investing right cannot be overstated, says financial planner Harshad Chetanwala.
Plan these investments well rather than just doing random investments at the beginning of the year or rushing in at the end, advises Harshad Chetanwala, co-founder, MyWealthGrowth.
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