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Investment Tips New Year: The youth have the responsibility of improving not only their family but also the country. It is important for the youth to start the new year 2025 with better financial planning. If you are already investing, then it is very important for you to balance your investment portfolio. Veterans believe that we should invest about 30 percent of our salary. Whereas, one should not spend more than 50 percent on everyday needs. Veterans have included health insurance in everyday needs. Here we will tell you how you can balance your investment portfolio in a better way.
Keep money in your bank account
Always keep a portion of your earnings in a bank account, so that you can get instant help in case of urgent need of money. Money kept in a bank account provides you tremendous liquidity.
Mutual Fund SIP
Invest a part of your savings in Mutual Fund SIP. Mutual Fund SIP gives you the tremendous returns of the stock market as well as the tremendous benefit of compounding. Try to run the SIP for as long as possible because the full benefits of SIP are available only in the long term.
PPF is best for fixed returns
Make sure to invest a part of your savings in government schemes like PPF. In PPF, you get fixed returns with government guarantee, which plays an important role in balancing your investment portfolio.
Don’t forget to invest in gold
To diversify and balance your investment portfolio, invest in gold as well. You can buy gold coins 2-3 times a year according to your capacity. Gold can give huge profits in the long term.
Never ignore health insurance
In the end, you have to keep in mind the biggest and most important thing that all these things will be possible only when you stay away from unnecessary expenses. Along with this, ignoring health insurance can be very costly. Even if it is for Rs 5 lakh, definitely buy health insurance. If you do not have health insurance and you ever fall seriously ill, then all your earnings as well as all your dreams will be ruined.
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