Skip to main content

What's the purpose of investing?

"Investment" - This word is much used and often much abused one. One keeps on hearing this almost all the time be it in office or catching up with friends or attending a family functions - almost everywhere. More so when we are fed with lot of information about how one needs to make money work to get more money.

However, for a lot of people, the clarity on one question is often lacking - What is the purpose of investing?

And even if one knows his/ her purpose of investing, it is often not implemented in real life. For instance, purpose of one's investments may be having sufficient funds in times of need. Yet they may opt for a personal loan when faced with pressing need for money.

Based upon my observations, below are some of the most common purpose of investments (in no particular order)

  • I invest because there is some sufficient funds lying with me and I can get great returns.
  • I am investing for some specific goal - buying a house, education of kids, marriage of kids and so on.
  • I want to buy that one thing I have always dreamt of (e.g. a BMW)
  • Being financially independent - So that sometime in not too far future, my investments can take care of all my expenses.
  • I want to get rich quickly, like double my money in 6 months.
  • I want to insure my life. And get money back if I live beyond that period. 
  • Planning for retirement, as and when it comes.
  • I want to retire early, so I need to be prepared.
  • To get enough money to travel the world.
  • Getting initial capital for my business ready.
  • Save taxes as XYZ investment offers tax benefits. 
  • Investment? I have started a SIP. And I have company PF. Rest I will begin once I close my personal loan and car loan. And I am planning to upgrade my car next year. 
  • I invest because everyone is doing so.

What are your objectives for investing? 

 ___

 You can also read this post on BeingFinWise

Labels

Labels:

Comments

  1. Anonymous2:36 PM, January 29, 2022

    I'm Helena Julio from Ecuador,I want to talk good about Mr Pedro on this topic.
    Mr Pedro and his loan company gives me financial support when all bank in my city turned down my request to grant me a loan of 500,000.00 USD, I tried all i could to get a loan from my banks here in Ecuador but they all turned me down because my credit was low but with god grace I came to know about Mr Pedro on a loan platform so I decided to give a try to apply for the loan. With God willing they granted me a loan of 500,000.00 USD. The loan request that my banks here in Ecuador have turned me down for, it was really awesome doing business with them and my business is going well now. Email/ Contact if you wish to apply for a loan from them.
    pedroloanss@gmail.com

    ReplyDelete

Post a Comment

Shop @ Amazon

Popular posts from this blog

Somewhere @ Nowhere - The Book

FINALLY .... After a tryst with so-called-creativity, I have come up with a book -  Somewhere @ Nowhere. You can have a sneak peek at the story & a few pages from the publisher's website and order the same & get it home delivered anywhere in India/ Abroad. Details as mentioned below- - Preview and get the book home delivered from HERE Also, you can join the following groups - - Orkut Community - Facebook Page Hope you like the work. Would appreciate a feedback. Till then ... Happy Reading!!! And yeah, please spread the word (relying on word of mouth & word of blog publicity) :-) ___ Update (18/02/2010) - Thanks for the initial response to the book :) Update2 (25/ 02/ 2010) - Thanks for the feedbacks on the book those who have read it. (hope to get a feedback by others soon). Encourages me to overcome inertia and write more! Meanwhile, those who ask for why is it currently not available in traditional retail outlets - well, I hope it wil...
15 comments
Read more

An area of darkness ?

The title of this post finds its origins in a novel with simlar name written by VS Naipaul. Set in India, some 40 years ago or so, this is a kind of travelogue of author's brief stay in India where he found it to be full of superstitions, ignorance and darkness! Many decades and many MNCs and malls later, few parts of India seemed to have chucked off that tag, but there are many places that haven't and continue to remain shrouded in ignorance. Move few hours away from a city, travel in a second class train compartment or a dilapidated state transport bus and you get to see the dark underbelly of India Shining. As one of the characters in the movie Rang De Basanti says "Yahan zinda rehne ki jung mein logo ki zindagiyan nikal jaati hai" . So true it seems! My day today was spent being kind of lost in similar thoughts. To start with, I when I boarded the ST bus, a woman was wailing. She may be in her 20s or something, but she was crying in some peculiar musical tone. At...
13 comments
Read more

Snaps from The Himalayas

Some glimpses of one of the best landscapes in the country. Why long for Alps when our own old, enigmatic yet beautiful Himalayas provide such magnificent and picturesque sceneries!! Have a look. Enjoy. Location - Garhwal Region, Himalayas which lie in the state of Uttrakhand.
10 comments
Read more

The story behind credit card debts & personal loans

Any one with even an iota of interest in personal finance & its workings would probably know that credit card debts and personal loans are usually the worst kinds of debt traps that you can fall into. Yet many people fall into that trap again and again. Many people do come out of it eventually but some don't & this becomes a part of their "lifestyle". That you are eventually paying much more than you need to, if you default on credit card payments intentionally or unintentionally (probably @ 36 % per annum or something similar) or take a personal loan (say, @ 12% per annum or so) is not hard to fathom. However behind these numbers, there may be even a deeper story - that usually that of not having control over expenses or not having created a buffer amount. While there may be some pressing need like unplanned or recurring medical expenses which fuels sudden demand of money or an unexpected job loss, in many other cases this need may be fueled by lack of plani...
12 comments
Read more

8 Things ...

Tagged by Sheetal Here goes my various '8 things list' 8 Things I’m passionate about: 1. Movies [Watching, analyzing, related trivia, boring people with all useless related gyaan, movie trailers etc.] 2. Reading [Newspapers (especially editorials), fiction, nonfiction etc.] 3. Religion [Rather lack of it] 4. Food [I proudly proclaim that I live to eat] 5. Freedom 6. Bakar [ This includes cracking PJs] 7. Geography [as a child I used to read and analyze maps. I can still boast about being ‘awesome’ in this. In fact, some people have been surprised by the fact that I know lot about the places which might otherwise be relatively unheard of outside the region] 8. Staying connected [Includes chatting, blogging, random time pass on internet etc. I now access internet even while travelling in a bus, through my cellphone, something unthinkable few years ago!] 8 Things I want to do before I die: 1. Travel extensively across the world. 2. Write 2 books – 1 fiction and ...
6 comments
Read more