Where Should I Invest at Different Stages of Life?
Written on Monday, June 19, 2017
By Mitali Sharma
As an investor, the most critical question for you is "Where should I invest?" There is array so investment options, so which should be your pick? This depends on various factors like your age, income, risk appetite, time horizon and financial need or goal? All these parameters differ at different stages of life. For instance, a young professional, who is bachelor won't have much financial responsibility and age will not be a concern for him. Thus he can utilize a comparatively larger section of his salary for investment purpose, whereas an investor, who is also a father of two kids, will have increased expenses and most likely he won't be in a situation to pour his earnings into investments.
Here, proper financial planning and need analysis play the important roles. You must start investing early and should choose your investment instrument as per the life stage you are in. This infographic intends to help you with the same.
Disclaimer: The information provided is general in nature.
Mutual Fund investments are subject to market risks. Please read the scheme information and other related documents before investing.
Insurance is a subject matter of solicitation. The information provided on this page cannot substitute for the advice of a licensed professional.