The paths we choose to attain these differ for each individual and can lead to either a rewarding, satisfactory or extensive working life. However, savings alone is unlikely to keep up with inflation and taxes and will mean a much longer working life to achieve any goal. The tenets of investing are based on time horizon, asset allocation and financial goal orientation, which should not change irrespective of market cycles. Financial investments: Choose your investments wisely, in line with your risk appetite; and if possible, build your portfolio with guidance from a seasoned financial adviser. Maintain the discipline to stick to the portfolio allocation for the long term (at least five years) with periodic review.

Source: Mint August 16, 2021 19:52 UTC