We are taking medicine to get relief from illness.If a person is facing dilemma in managing finance,need medicine named Financial planning.No one get prosperity without a definite plan.Financial sector is like a jungle,filled with numerous products and schemes.A person should select best suited solution. Risk behaviour is the primary thing in personal finance.Low risky person can opt savings account,fixed income mutualfunds,bonds and other debt instruments.But,if an individual prefer high return,he can invest in Equity,Real estate and Future contracts.Often,Ordinary people are afraid to invest in Equity market.Stock selection and Asset allocation is not an easy job.Great challenge is the planning of each rupee spent.Financial goals play a key role here .Short term investment can be used for the needs within one year.Medium term investment is focussing children's education,buying a vehicle,construcing home or starting a new venure.But,peple invest for long ter...
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