Start your investments early in life.
As a youngster, you have more cash at your disposal. Start your investments early. Planning a house as soon as you are settled in your first job is a good idea. Anytime is good for investing in a house to live in. Think twice in these days of inflation/high interest rates etc when you look for a second house. Investing in a plot in the city where you plan to retire might be a good idea. Invest in other asset classes like stocks/gold/silver even if it is in a small way. Avoid Fixed deposit as far as possible, as it gives pathetic returns and also the returns are taxed heavily. If you haven’t done so start looking at stocks where the tax treatment is very amicable. Even if you make loads of profit from stocks you can get exemption from paying tax , through legal means. We’ll discuss this in coming days.
As a youngster, you have more cash at your disposal. Start your investments early. Planning a house as soon as you are settled in your first job is a good idea. Anytime is good for investing in a house to live in. Think twice in these days of inflation/high interest rates etc when you look for a second house. Investing in a plot in the city where you plan to retire might be a good idea. Invest in other asset classes like stocks/gold/silver even if it is in a small way. Avoid Fixed deposit as far as possible, as it gives pathetic returns and also the returns are taxed heavily. If you haven’t done so start looking at stocks where the tax treatment is very amicable. Even if you make loads of profit from stocks you can get exemption from paying tax , through legal means. We’ll discuss this in coming days.
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