When is the Right Time to Invest

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                                     Author - Chirag Kedia

Yesterday was the best day to start with your investments. If you have missed it start investing today. Delay it further to forego your extra returns. Every investor has confronted the same dilemma when they think about investing. As Stephen R Covey said, “The key is in not spending time, but in investing it." So, it is always the correct time when you start investing.




For an investment to work for you, it is critical to have a basic understanding and know the rules to get it right. Every investor has varying financial needs, incomes, and preferences. It is substantial to assess your investor profile before investing as every investor is unique and has specific financial goals and risk tolerance. It is significant to apprehend these things, as there can be various reasons behind investing, so understanding your goals helps you to assess your returns or target that you want, plan an investment strategy considering the risk tolerance level, and ascertain the time for which you intend to stay invested. This will help in creating an investment strategy that works for you.



It is easy to think to save as investing as they both go hand in hand and are quite different. On a practical level, saving involves keeping aside money today for future use. Although, saving is a starting point for investing as it provides the funds. However, investing is one step further as it helps to achieve personal goals with significant benefits. It will improve your financial circumstances over time, and you can also change how you invest to fulfill your needs. Investing to potentially earn a better return over the long term and beat inflation, which is the ongoing cost of living over time, by investing in assets that are not just capable of delivering higher income returns but also offer the potential for capital growth.

 

Therefore, you can start investing right away as there is no right time to invest. The sooner you invest, the longer your investment has to grow.

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                                        Author - Chirag Kedia










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