Recently Started working and in your early twenties? You might not know much about what to do with your salaries other than spending them on fun and parties. You might do it for the starting two-three months but soon you start to hear all these colleagues of yours conversing about savings, investing and so much more. Now, these aren’t the terms you are unaware of, you obviously know you are soon to do something with your earnings so that they come to help for future goals and emergencies.
But, if you are someone not coming from commerce background, the start is going to be a whirlwind of many financial terms and too many options to choose from. Our finance is a very sensitive subject to us, we can’t easily trust anything and anyone in the start is terrified of all the new information.
We work and earn to achieve our ambitions and desires for ourselves and our families, for which it’s essential that we start saving for the future from the very start, investment is a way of saving your money for future purposes and getting the returns in set extra percentage. Investment as you might soon know also helps in tax deduction.
But, before starting everything, here are some general queries answered for you relating to investment.