I am earning a salary of Rs. 40,000 per month. I am thinking of investing Rs. 10,000 per month to grow my wealth. How should I invest?

Originally Answered: I am earning a salary of Rs. 40,000 per month. I am thinking of investing Rs. 10,000 per month to grow my wealth.  How should I invest ?

Given that you have Rs10,000/month at your disposal , there are a few things you can do that can help create wealth efficiently.

1. The first thing you need to do is to quantify your financial goals, understand your risk appetite and invest accordingly. Investing without a financial goal is not a very fruitful exercise. Unless and until you have a plan for the future, investing is meaningless. One also needs to take into consideration the age factor. The closer you are to retirement, the safer your investment must be and lower the risk you can assume. So, you need to plan your investments no…

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