(The author is the Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai which offers i.S.M.A.R.T financial plan. Feedback can be sent to ismartfp@ gmail.com)
Savings is not equal to Investing:
Keeping it in the bank savings a/c @ 6% = Savings
Investing the same intelligently to earn 15% = Investing...
That's the difference...
In actual numbers,
In the first case, 1 lac kept in the bank a/c @ 6% gets you Rs 3.21 lacs after 20 years.
In the second case, 1 lac invested @ 15% gets you Rs 16.36 lacs after 20 years.
Which is your choice? Saving or Investing???
And remember, its not an easy task to achieve 15% returns PA given the constraints you would face. Hence the role of a wealth manager becomes important to make your money work hard...
Remember, Saving is not equal to Investing...
(The author is the Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai which offers i.S.M.A.R.T financial plan. Feedback can be sent to ismartfp@ gmail.com)
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