Posted 07 May, 2019 | Finance
How should a young person invest money?Add Answer
Invest based on financial goal
Don't invest without knowledge
Invest more in an asset than a liability
Start investing ASAP!
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There are many ways to invest money like Stock and Commodity Market, Fixed Deposit & GOLD ETF, You can invest in any of these & surely you will get good returns. But it all depends on how good you are able to manage your financial decisions. Seek good financial advice from Finance Experts before planning your investment.
If you are planning to trade in the stock market, then discussing stocks with your fellow traders are really important before getting into trading. Also, you need to answer for the below questions to analyse, in what position you are currently.
How much amount you are looking to invest?
Do you intend to invest that amount as a lump sum or in monthly chunks?
Do you have enough discipline inculcated in you to be patient to see your investments grow?
How much corpus you are looking at the maturity period.
What are your age, occupation and its retirement age.?
Lastly, what is your risk taking ability - are you risk averse or risk ready?