Planning to invest money? Here are a few things that you should do before that
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New Delhi, Nov. 25 -- There are several perks of investing money. It helps you create wealth and also achieving your financial goals. But for that, you must invest your money in a structured manner.
Know what you are investing for
Are you investing the money for a trip or to build your retirement corpus? Where and how you invest your money greatly depends on your financial goal. It is important to understand what your financial goal is and exactly how much money you need to achieve that goal. Once you have a clear idea about your goal, like Rs.3 lakh for making downpayment of a car or Rs.20 lakh for child's higher education, the process of investing money becomes a lot easier.
Know your timeframe
Once you have a clear idea about your ...
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