Before making any investment, you should have a pre-planned financial goal in your mind to enable you to get better and profitable returns on your investment.
Financial goals need to be stated clearly in quantitative terms and should be time bound. Goal-based planning beforehand is important and avoid you to invest in less profitable investment options. It ensures that you are putting your hard earned money in more important areas which are less risky and assures you of greater and profitable returns. The above-mentioned points are quite important for anyone who is looking forward to making an investment in some investment plans like fixed deposit, mutual funds, savings scheme, public provident funds etc. It is always advisable to start your investment with low or less risky investment plans so that you may not have a risk of losing much of your money. Try to learn and explore more about the financial products and market to get yourself prepared to earn better and profitable returns in the near future. Apart from this, it is also important to determine your risk profile and investment horizon first before you plan to make an investment to achieve guaranteed and profitable returns.
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Fixed deposit 