INSUBCONTINENT EXCLUSIVE:
Typical advice for wealth creation is to invest when market is down or showing upside potentialIt is always prudent to analyse the market
The typical advice for wealth creation is to invest when the market is down or showing potential for an upward move and hold or sell when it
Financial advisers say biding time and waiting for the market to come down to make an investment may result in a loss of opportunity –
which is so rare in this competitive world
So, what should be done when the market appears to have saturated?All markets have a tendency to correct themselves
Experienced investors maintain a low profile when they see any hint of a market exhausting its appetite for rapid growth
Like now, when the Sensex and Nifty are touching their lifetime highs
While they may grow further, their rate of acceleration is likely to be slow
This is the time when investors look for options that may offer better returns on their investment.If you have surplus money that is just
sitting idle in a bank account, it is time to channel it to grow your wealth, primarily because money in hand always gets spent and because
in the long run markets always perform.1) Idle Money Does Not GrowWhen you have money in your bank account, often you are tempted to spend
it on buying items you don't need
You usually lose track of how you spent the money and only realise its importance once you actually need it to spend it in a meaningful
way.2) Markets Always Perform (In Long Run)It is impossible to time the market in the short term, so waiting for the right opportunity is
If there is a moment to invest, it is always now
No market will appear high if you visualise it 10 years down the line, meaning we invest in the future and not the present
The nature of the market, especially in a developing country, is that it is destined to grow.3) Alternative OptionsIf you still feel
sceptical about the promise of returns on your investment, try these options.Real estate: Real estate is one of the most lucrative sectors
to put your money into, but it requires large capital at once
It is also relatively a safe investment option.Business: If you feel the market is unlikely to rise to your expectation, invest the surplus
money in a business or venture that you have long wanted to set up
The returns are more dependent on how you operate the business and less on outside factors.Gold: If you prefer a safe and less dynamic
sector to put your money for long-term prospects, it should be gold
The precious metal usually gives good returns and the capital required is less than what you need for real-estate investment.Cryptocurrency:
A new, rising sector, it is being pursued largely by the young people, whose singular goal is to grow their wealth rapidly
That they are tech-savvy only helps them understand this sector better.Mutual Funds: It is slightly different from investing directly in the
Put simply, when you invest in a market you are the driver
But when you invest in mutual funds, you let the expert decide how to reach your investment goal.
