Ekta mein hi sampannata hai – National Unity Day. Let’s take the pledge to support each other
Every year, on 31st October, National Unity Day is celebrated nationwide. But only a few of us know the reason behind its celebration. The day is celebrated to honor the birth anniversary of one of the greatest freedom fighters of our country- Sardar Vallabhbhai Patel. He was the one who shaped India and united the nation.
He always asserted that India will only be able to obtain its aims and aspirations only if its people stay united.
Remembering his words on this National Unity Day, we must take the pledge to support each other (family members, friends, and even strangers) by any means possible. And this can only be done if you are blessed with great wealth and health.
Therefore, you should use your money well and use it to earn more from it by investing.
Learning how to build wealth represents one of the main goals for many people, as it is synonymous with freedom and financial security. However, for this reality to be possible, it is important to implement some changes on a daily basis and get financial investment advice.
The path to achieving this abundance in terms of material goods involves work, organization, and savings. In this way, it is possible to enjoy better conditions in the long term and count on more consumption possibilities in the future.
Start investing smartly
Speaking of investing, it is essential to have the clarity to find applications that make sense for your portfolio. For this, there are some aspects that should be considered when choosing the assets that will compose your portfolio.
For example, a good tip is to understand what your investor profile is. If you are more risk-averse, fixed-income assets are more advisable. If you’re a little afraid of taking risks but want higher returns, you’ll need to make a stock market investment.
Another point to note is related to the goals you want to achieve. If you want to build wealth, you can invest in assets with lower volatility that, in the long term, generate good returns, such as a SIP plan. It is worth counting on the support of professionals in the market to find the most suitable for you.
Diversify your investments
In addition to the precautions mentioned above, it is important to diversify your investment portfolio. Through it, you can optimize profitability while reducing the degree of risk.
For example, imagine that you don’t adopt this kind of strategy and put all your capital in a single company. Now, suppose that, due to market conditions in which it operates, the company ends up going bankrupt. So, you end up taking a loss.
By adopting diversification, situations like this will not affect your returns, as each asset in your portfolio will only represent a small percentage. Therefore, be sure to adopt this practice to have greater security and profitability.
Have financial discipline
Financial discipline is essential for generating a surplus in your accounts. From there, you can find good investment options and make your money earn more.
Through some improvements in your habits, you can reduce expenses and increase the percentage of revenue that is saved. This amount can be invested wisely with the help of an investment consultant near me and generate a good amount of passive income every month.
So, this UNITY DAY, the overall idea is to make people aware about the power of unity in the society in any form like your family, your relatives, friends, your financial experts who provide you overall support and share knowledge to invest in right time and at right place.