What is Your Financial New Year’s Resolution for 2021?
The pressures of the pandemic forced people to focus on their financing in 2020 like never before. As the new year dawns, perhaps you are resolving to keep up that concentrate into a new and more favorable manner. You have to refine Financial backups from the new year 2021 along with your financial problems should get over so the you have to unwind in additional life.
One must concentrate on these 3 Major Steps of Financial process and are must in everyone’s your life.
1. Invest in Mutual Funds
The mutual funds are just a great products which silently multiply your investment approximately 15 to 20% a year. In the fixed deposits you earn returns of 6% to 8% for holding entire funds for entire year, unlike FD’s mutual funds return 10% to 15% within 2 to 3 months.
2. Invest in Equity Penny Stocks
Investing for long term in the low cost shares is a choice of earning huge in trading, remember Spice jet Share price was approximately 7Rs in the year 2013 and the same now trading at 100+ rupees range, it had even reached 148Rs before pandemic. So, investing for long term with proper equity company with definitely fruit you the best.
3. Investing in LICs
the first two options strengthen your future with financial growth, this last option is to secure your life and your beloved from the health difficulties, paying a small monthly or yearly some basic funds with give a confidence to move further without second thoughts, in LICs there are some types which gives you benefit every month, one can go for Monthly returns, returns tenure on closing or even choose periodically. Closing partially or completely is also possible. LIC is again another form of savings.
TO invest in Mutual Funds these is a platform called ZERODHA COIN. One can open the account online without any formalities and start investing in funds immediately.
For Investing in Equity Penny Stocks one can use ZERODHA KITE Application, simple and free of cost for delivery charges. You need to have a demat account and Zerodha offers all at same place, click here to open demat account.