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:

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

Random Birthday thoughts

As I would have cribbed @ 1000000000 words per day, I am currently at a place called Jhunjhunu where I have no social life to speak of, internet is the only thing that keeps me going, apart from few random movies or episodes of Seinfeld. So prospects of celebrating birthday in this solitary confinement are not that exciting! Too add to that, as I switched on my laptop yesterday night, I realized that it had conked off and is showing fan error as the reason. For me this was the end of world. And I knew not how would I survive! I hoped the issue will get sorted out in a week but it is too much to ask in this small town and this time period seemed to be an extremely optimistic guess. My birthday eve and early morning were spent on developing strategies on how to get it repaired. I couldn't find any IBM authorized dealer here, and I would have needed to send it to Delhi. There were two options - first was about sending it as a parcel to one of my friends at IBM , either directly or i...
9 comments
Read more

Get cashback while doing online shopping

Originally published on BeingFinWise __ Cashbacks are an amazing way to save money while shopping. More so while you do online shopping. In addition to regular deals and discounts, you can get cashback if you go via affiliates . This way you can get cashback on your online shopping, over and above your regular deals. Some of the popular affiliate networks offering cashback on online shopping in India are Cashkaro ,  Gopaisa , Pennyful etc.
2 comments
Read more

Survival

Dark clouds were looming at the horizon. In few minutes they would have traveled few miles in westward direction and came closer. This is not usually the scene at noon in the hottest month of the year. Dark clouds meant something ominous. Probably sign of an impending storm or maybe a cyclone approaching. Sea is a capricious lady. Bay of Bengal was no different. It was infamous for cyclones, and Orissa was often at the receiving end of nature’s fury. Ramdas was few miles into the sea. So were his brethrens of the fishermen community. There were around a hundred boats in the sea that day. No one anticipated the storm. So no one even thought of staying back at the shore and miss out on their livelihood of the day. Ramdas was alone in his boat. He owned the boat. His son helped him with his job. They managed to get enough as to earn a square meal a day. They had a good rapport with others of fishing community. But of late that relationship was breaking down. No reasons for that. Nor wa...
8 comments
Read more

Assorted Random Semi-Verses

Memories Isn't every memory a magic? Making you lose the sense of time. Which is so much beyond the realm of logic. Though sometimes they are mere illusions But they keep coming back to you, And make you feel nostalgic! ___ The Dark Side With every talent comes a curse, From every gift speaks a caveat aloud, Even the beautiful moon has a dark side, And every silver lining has a cloud! ___ The Race Somewhere in this race, Some time during the run, I lost myself in between, And forgot to have fun. ____ I write ... I sometimes write random words, Which hardly make any sense; But I just felt that you should know, That in some corner of this little world, I do have a little presence!
5 comments
Read more

Financial tips for a 25 year old

Originally published at  BeingfinWise __ If you are 25 year old, there is a good likelihood that you would have started working or are likely to start soon. And hopefully start(ed) managing your own finances. So, what do you do next? The good news is that having a profession can soon lead to cash flows which perhaps wouldn't have seen in your student days. And that can be empowering in many ways. The bad news is that, if you are reckless with spending money, it can soon lead to a downward financial spiral. Managing your finances well can be a good first step towards a healthy financial life. And it starts with small steps.
Post a Comment
Read more