How to Create Investment Plans | Edelweiss Wealth Management
This video will teach you how to plan your investments the right way. Let us explain the manner in which financial and investment planning can be done with the help of an example.
Harsh is an individual who has currently bagged a high paying job at a top MNC. It has been a couple of months since he has started working at this new MNC, and these past couple of months have given him a fair idea about his expenses. Now since he has a considerable amount of savings built up in his corpus, he wants to create an investment plan that will help him grow his corpus.
While researching various ways on to create an investment plan, he came across a number of questions like what portion of his earnings to be invested, what portion of his savings should be saved, what should be the timeframe for each investment and how to spread his investment portfolio.
We are sure that the same questions that worries Harsh, worries you too. Worry no more, we will guide you in your financial planning journey.
How to plan your investments?
1. Analyse where you stand today so that it will give you an opportunity to benefit from early compounding and explore different avenues of investment.
2. Chalk out your financial position by making a statement of your investments, assets and liabilities. This will provide a clear picture of the investible surplus you have.
3. Start by asking yourself questions like 'Do you have ample amount of time to do the basic research', 'do you understand how to evaluate businesses and arrive at estimates'. If you have answers to questions like these, you can chalk out your own investments plans, else you can visit a financial advisor who can provide you with the necessary guidance required.
4. Have an investment strategy in place. Example: The percentage investment in stocks should be inversely proportional to your age. As per this strategy your investment plan should have 70% of your investments in stocks, and invest the remaining in other asset classes like bonds. Financial advisors come in handy during this stage of financial planning. To invest in stock online, you can visit https://www.edelweiss.in/market
5. Assess the progress of your investments and make the necessary changes if required.
6. A sound investment plan is always healthy in the long run as compared to taking untimely risks.
The above tips will teach you how to create an investment plan the right way. To learn more on the various investment options available in the market, visit https://www.edelweiss.in/.
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