As trite as it may sound, it is important to be specific and one must not overlook this very first step of investment planning.
Let me share a very interesting experience of an elderly businessman who had been investing with an objective to accumulate a sizeable retirement corpus. However, at his retirement age of 70, his portfolio had 64% of investments in closed ended funds. Meaning he cannot redeem them until its maturity date. This is a case of complete mishap between the goals and its desired timelines.
Align your financial goals and timelines distinctively, to ensure the right selection of roadmap for your investment process.
Good and very informative write up. Clears lot of doubts around investing wisely.thanks.
Hey
Good to know abt planned investment. Today INDIA need the ppl who can understand where ? how & why ? investment is important even its small or big amount . V 👌