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use the money for? And when?
Your goals and time horizon as well as your tolerance for risk should determine the type of investment you choose, whether individual stocks, a mutual fund, or something else. The full $50,000 certainly doesn t have to go toward one goal or investment. In fact, splitting it up can be a smart way to balance risk.
What s the best time to invest? If you re sitting on $50,000, $20,000, or even $1,000, the best time to invest is now. The longer your money is invested, the more time it has to compound. Every day you sit on the sidelines is a day of missing potential returns.
Femina Spark Empowers Women in Uttar Pradesh With Workshops
by Kalwyna Rathod | March 6, 2021, 18:19 IST
These past 12 months have been a witness to countless awe-inspiring stories of women who have come out of the shadows, and made a mark for themselves while contributing to their community. Committed to celebrating journeys of this incredible fighting spirit of womanhood,
Femina, India’s leading women’s magazine, begins a new chapter in its 61-year-old history of empowering women by introducing a novel initiative,
Femina Spark. With the mission to
‘Light Up Her Spirit’,
Femina, in the first edition of its initiative, has joined hands with the
ABC Everyday
Investing can seem confusing, but starting small can ease you into it.
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Looking to invest your savings?
It can seem like a scary prospect, but it s never too late to learn the basics.
Here s how you can take the first few steps.
Before you throw money around
Finance educator Kate Campbell suggests having three to six months of your essential living costs put aside before investing. (However, she says if you re young and healthy without any dependants, you may be OK with having a little less than that.)
And you ll want to first pay off any major debts, put aside money for emergencies and make sure you re up to date with your mortgage (if you have one).