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Best investment tips for beginners

Best investment tips for beginners - Aegon Life

Investors certainly aim at profits, however, it takes them a good amount of time to understand when to invest and where to invest. If you are a beginner, it is even more important to have a good knowledge of the shares and the stock market. This is possible if you begin investing in a disciplined form without taking any risk. Such a practice can help you save a good amount of money over a period of time. Here are a few tips to help you invest wisely:

Long Term Objectives

Investing in shares and stocks with long-term objectives can prove to be advantageous. Whether you wish to purchase a property or save for your child’s education, setting long-term goals will enable you build patience and learn the importance of saving. If you chose to invest in a scheme for short period and withdraw funds, it is advisable to invest in another instrument simultaneously in order to balance the volatility.

Study the Market

Before making an investment in the stock market, it is important for you to study the market including the several securities that constitute the market. Learn about the financial metrics and definitions, order types, time of investment, types of investment accounts, method how are, methods of selecting stocks, etc. This will help you make a better selection and assess the risks.

Risk Level

You should carefully analyse the risk associated with investment option before putting into your capital. Draw an all-inclusive comparison between various schemes in order to identify the risk. This will help you understand the level of risk involved with each product and invest accordingly. You will save yourself from incurring unforeseen losses.

Diversification

This is usually done by expert investors once all the research has been conducted to calculate the risk associated with investment. As a beginner, you will have to gain some amount of experience before diversifying investments. Later, you can invest in a variety of funds. Diversification is a preferred method in order to manage risk.

Control over Emotions

Emotions play an imperative role while investing in the stock market. The prices are constantly fluctuating and investors begin to take stress or feel lack of confidence regarding their stocks, whether they should sell them or retain them. Since actions are a result of emotions, it is important to ensure that all factors are taking into consideration before making a final decision.

How to Make Investments after Retirement?

How to Make Investments after Retirement? – Aegon Life – Blog

With retirement comes your greatest fear – financial dependency on others. You may have saved years and years in pension plans and other avenues that would you a paltry sum to see to all your needs, but is that really enough? While saving up for your old age is a prudent and much needed decision to make and implement, thinking of other options can certainly be a good choice as well.

If you have set your retirement goals already, you would know how off the track you are in considering the pension amount to cover up the costs. Whether you are planning to take a world tour or retiring in your very own villa at a pleasant location, having a backup in terms of finance can save you a great deal of embarrassment in your old age. It would certainly be better than relying on someone else to see your financial needs.

Here are some investment options that you can consider after retirement to live your dreams even in old age:

Senior Citizens Savings Scheme (SCSS) was started by the government especially for the elderly. Every citizen above the age of 60 is eligible to invest in this scheme along with a few above 55 years of age who are subject to certain conditions. Since the scheme is specifically meant for senior citizens, making an investment here could certainly be quite profitable owing to the fact that their needs would be taken care of.

Providing higher rate of interest as compared to other savings option, fixed deposits work as the best avenue in which to invest in for people of any age. You can keep your funds safe wherein it would increase a great deal until the maturity period when you receive it back. You can live your dreams, no matter how old you are, with the investment you make.

For those who have an appetite for risks may find investing in Monthly Income Plans (MIPs) as the best option due to the high returns they can receive. These mutual funds are market linked investment options that have a certain percent of assets in equities. As mutual fund investments are risky yet highly yielding options to invest in, this option could very well be a great investment avenue for people after retirement.

The Fund Choice offered by Aegon Life in the iMax plan for pensioners helps them invest with an assurance of yielding high returns.