What you need to be wary of before opening your demat account There are various investment tools that can help in starting the financial journey. That said, you should have a fair knowledge about the financial markets before investing. February 04, 2021 / 11:21 AM IST Financial planning is one of the top priorities on everyone’s to-do list. We want to create sufficient wealth for our short-term goals such as travelling, buying a car, and long-term goals that include buying a house, higher education, and post-retirement life. To build a corpus for these milestones, we put ourselves under a tight budget and automate our monthly salaries into a savings account.