The rate of return can drive investors to invest all their savings here irrespective of goals. The assumption they hold is that if it can grow their money the fastest then if they invest more, they will grow their money even faster.

You can either buy shares directly or through equity mutual funds. In a mutual fund, you entrust the responsibility to a professionally qualified fund manager to build an adequate portfolio of equity shares.

Like rains, stock markets can be unpredictable, as well. Whether it’s elections one year or a series of tweets by a President the other, markets tend to react.

Why is this a mistake? You can thank the high costs attached. What could be the alternatives? Combining mutual fund products with a basic term insurance plan is going to be more remunerative and cost effective. Here is what you need to know.

When investing, many people often mistakenly start with a “product”.

In investing, your “speed” and where you are heading matters, and so does the road.

If you know the amount, when you need it, and you can save for it as well as realistically hope to achieve it, then that amount is a financial goal.

Align the tax planning such that your financial goals are also achieved.