When Should You Start Investing in Investment Plans ?

4 months ago 143

Are you bothered by the question - What is Investment?
 

Investment is a journey and not a destination. It is a process where you will be making a series of financial decisions with one goal, earning returns and achieving your financial goals without taking too many risks. Investing when you're young is best however you can invest as soon as reasonably possible if all your debt is paid off and you have already built an emergency fund that will provide you with a minimum of 3 months income if you lose your job, then go right ahead and invest immediately whether you are 20, 30 or even 50 years old. You can use the online investment calculator and calculate the amount you will get as a return on your investment with just a few simple inputs like amount of investment, time period, expected rate of return and frequency of investment. In case you want to invest for your retirement needs then you can evaluate the corpus you need with the help of the retirement calculator and if you want to assess your pension requirement then you can use the pension calculator.