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Why allow others to make money on your money ?Pawan Kumar, Bangalore

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Key Take-Aways
  • Why do you need money? Thinking about this question will help you to understand your goals and aspirations.

  • Find a certified, registered financial advisor who can help you think about how to make a financial plan. A plan involves a list of all your monthly expenses and your long term goals.

  • Making money in long term requires patience but making money in short term requires expertise.

  • If you have time on your side, then don't worry about risk and erosion of capital. You will be able reap the benefits of markets and compounding over the long term.

  • If you don't feel comfortable with company funds, you can invest in index funds to meet your long term goals. Don't focus on market cycles but let it play out.

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