Why everyone must invest?

Human needs are never ending and everyone has basic once. More importantly, these needs are not static any more. With time, even our basic needs change.

 

For example, we may have completed our education as per the Indian education standards but today; most of us want our children to attend ICSE schools. Our entire education may have cost us around Rs. 1, 00,000 whereas today, we may have to spend in excess of Rs. 50, 00,000 to achieve a similar level of competent profile for our children. The change in quality and quantity of education along with inflated costs has made our income look insufficient for even our basic needs.

 

Earning more is always a requisite in today’s fast changing world. You may achieve it by working more or having better jobs or businesses but your needs will keep growing at a higher pace than your earnings as the quality of life improves.

Inflation

 

Efficient investments could also help you beat the inflation factor, which eats into your income most of the time. Inflation is the rise in the price of products or services you may wish to buy. It could be anything from your daily food items such as vegetables, milk, onions, and potatoes, or your monthly groceries such as toothpastes, toothbrushes, soaps, and shaving kits. It could also be your other needs such as a house, a car, supporting items such as oil, gas, and electricity. Services such as an education, a domestic help, and banking may cost you higher due to the growth in inflation. Major product prices or service costs are on the rise and this rise in product prices on a month on month basis diminishes your income.

Currency

 

The depreciation or appreciation in currency as against other currencies also impacts your lifestyle, either directly or indirectly. The products or services you buy may cost higher or lower due to a fluctuation in your currency. Therefore, you may end up buying the product or services.

The only way to keep pace with the changing times is to invest your idle money efficiently, which will help you fulfill your basic needs and even help achieve impossible life time goals. This is reason enough for everyone to invest their idle money efficiently.

 

 

Written by

Manish Tawde

Product Research & Financial Planning

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.

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