10 Investing Mantras for Youngsters

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10 Investing Mantras for Youngsters Ajmera
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• Millennial make for almost half of our working
  population while two-third individuals are less
  than 35 years old
• Greater awareness about investing in mutual funds
  and good stock market advice is essential for
  this section of the society
• Actively participating in stock markets and
  mutual funds should be high on the agenda of
  youngsters when it comes to managing and growing
  wealth

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Basics of Investing Process

• It makes sense to learn the basics of the
  investing process at the early phase of your
  working life because it helps in minimizing
  errors and leads to the much needed clarity of
  thoughts over a period of time
• One needs to get acquainted with concepts like
  time value of money, various investing avenues
  and the relationship between risks and returns 
• As a young person with plenty of working life
  ahead, one has to take a stock of career goals
  and the long term life goals as well
• This will make it easier for you to plan your
  investing journey. Get hold of a good investment
  advisor as early as possible.

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Think About Future Expenses

• Please be aware that your future expenses would
  be on the rise as time goes by.
• This is because the time value of money would be
  on a decline because of inflation.
• In an emerging economy like India, moderate
  inflation would always ensure that prices rise
  across all spectrums over a period of time.
• Investing in stock market or mutual funds will
  help you save money to protect you from the
  inflation

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Consider Family Circumstances

• This is a critical and often sidelined area when
  it comes to personal finance by the millennial.
• Think about increasing family responsibilities
  and also keep in mind rising medical costs in the
  future.
• This becomes much more important when it comes to
  decisions like buying a house.
• Streamlining your investments after giving the
  much needed thought to your family needs and
  expectations would help you in finalizing the
  ideal plan for your finances.  

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Use Mutual Funds to Your Advantage

• A mutual fund (MF) is a fund of funds i.e. your
  money is combined with the money from other
  investors, and allows you to buy part of a pool
  of investments.
• A mutual fund makes it easier for investors to
  diversify than through ownership of individual
  stocks or bonds.
• You can make mutual fund investment in a
  significant manner when it comes to investing for
  a particular goal.

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Learn to Invest in Yourself

• When you are young and just starting your career,
  there are plenty of ways through which you can
  gear up for further growth in life.
• Keep striving for excellence in all walks of life
  and keep on investing yourself by learning new
  skills and understanding technologies that can
  help you progress in an efficient manner. 

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Systematic Investment Planning

• Systematic investment planning or SIP is a widely
  used option by investors now as it helps in
  reducing volatility.
• SIP is a financial planning tool that helps you
  to create wealth, by investing small sums of
  money every month, over a period of time.
• Investing at an early stage of life lets you
  enjoy the benefits of cost averaging and
  compounding over a period of time.

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Thank you