As a new mother, you may be focused on your child's needs, but it's important to plan for your future as well. Investing in retirement is essential for long-term financial stability. When your child is growing up, do inculcate the value of money in him / her- so that (s)he realizes that money is not only for enjoyment but also for saving and spending wisely.īeing a mother is a beautiful feeling, but you should also balance your life with your hobbies – you should save for your bucket list/travel/any other hobbies by investing in Systematic Investment Plans (SIPs), which can be short term in nature. Inculcate Financial Discipline in Your Child as It Grows: Maintain your investments neatly and share the same with your partner so that both are aware of the investments.Ħ. Keep your portfolio flexible with some amount of liquidity in the form of Fixed Deposits/short term liquid Mutual Funds or ULIPs as well.
#TIPS AND TRICKS FOR SCORING HIGH ON FALLING BLOCKS PROFESSIONAL#
If you are not very confident about investments, seek help from a professional advisor who will regularly advise you.ĭo not be eager to book small profits- you will miss big returns as compounding of money helps grow the corpus. Rebalance your portfolio at regular intervals. Do not panic as markets are volatile but generally give a high return on a longer-term basis.
The equity investments will help you for the higher education of your child later or your own pension requirements. Short term expenses should be parked in the fixed income assets while funds for the long term should be invested in equity. Invest in regulated entities and in different asset classes like equity and fixed income. The bonds are interest bearing as well and offer a tax-free return if held to maturity. This investment is much safer and delivers a higher return as well giving you the upside of gold. You can also invest in the Sovereign Gold Bonds for your gold investment, instead of buying gold jewelry (which has making charges and impurity risks).
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