Stay Focused In These Turbulent Times

Dalal Street Investment Journal|May 25, 2020

Stay Focused In These Turbulent Times
One of the key factors that determine the level of success you can achieve is how you manage to keep your investments on track through a defined time horizon. The most efficient way of achieving this is to have an investment plan in place. In fact, a comprehensive financial plan is the first step towards securing your financial future. For example, if you are at the start of your career, a financial plan can usher discipline into your investment process. Besides, by starting your investment process early, you can benefit a great deal from the ‘power of compounding’.
Hemant Rustagi

In other words, even by investing a moderate amount every month, you can achieve your goals without too much of stress. Financial planning is actually a multi-step process that provides you with an in-depth review of your current financial situation and a blueprint that shows you how to achieve your investment goals. Some of the key factors considered in this process are your income, expenses, current savings and investments, current insurance policies and estate planning.

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May 25, 2020