It’s better to invest more when your responsibilities are fewer
3 years, 4 months ago

It’s better to invest more when your responsibilities are fewer

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I am 20 and have just begun my first job. Among asset classes, equity comes at the higher end of the spectrum of investments and gets classified as high risk. Alternatively, equity mutual funds are a good option, where you can start monthly investment via a systematic investment plan. You can keep equity as an asset class for investments, provided you have risk tolerance and a long-term investment objective. Also, instead of saving in a lock-in instrument with an annuity plan, a debt hybrid mutual fund or hybrid-balanced advantage fund can be a suitable investment option.

History of this topic

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