Long Term Saving plans with Certified Financial planner

Wealth creation is a must for smooth retired life. This is only possible if we plan our disposable income in such a way that it will help in saving enough (and multiplying the money)in the long run. These long term savings plans are one of the best ways to save for the future. But it is not as easy as it sounds. One needs to do a lot of research and invest in the right schemes in order to ensure that one has enough money in a time of need. To simplify things, it is better if you approach a good Certified Financial Planner. Here are some tips which will help you in making better investments.

1. Systematic planning at the right age:

You must have read this time and again that you must learn the art of saving, as early as possible. If you want to get maximum returns then you have to start at the right age which gives you more time to make investments and earn better.

2. Understand the power of compounding:

You can make regular savings when you start early. If you keep reinvesting the returns that you are getting for many years just imagine the amount of money that you will actually save.

3.Choosing the right plan:

Now we come to the most important thing that is selecting the right long term saving plans. There are a number of options which can help you achieve your long term goals. But in order to choose the right plan there are some things that you need to keep in mind.

Risk factor:

The first thing that you need to understand here is the level of risk that you are willing to take. Different investment plans will have different levels of risks. The safer options will involve investing in government plans, bonds etc. But here the returns that you will get are pretty low.

Then there are plans where the investments are made in capital markets to get more returns. But here the risk factor is balanced by also investing some amount in secure options like pension funds.

The third type of planning is high-risk planning where more investments are made in high-risk options like shares.

Ideally one must opt for options which will balance the risk. But this again will depend on how many years the investor has for retirement. Naturally, if a person has few years for retirement then he will not be ready to take more risks.

Selecting a good Certified Financial Planner:

The selection of a good fund manager can play a crucial role in choosing the right long term saving plans. There are a couple of things that you need to keep in mind when you choose your financial planner.

Ideally, you must opt for a person or company who has years of experience in financial planning. The company that you choose must be transparent in their policies. They must follow the investment principles and must give the investor a clear picture about the volume of investments that he needs to make and the type of returns that he can expect.

Be Smart and choose the right financial planner!

If you want to achieve your long term goals by investing in the right long term plans then opt for the best fund manager. One such team is of Wealthcare Securities. They have years of fruitful experience in financial planning. There is a number of reasons which make them the best:

• They will take into account the investors goals and then will advise accordingly.
• They provide customized wealth management services.
• This AMFI registered company has more than 20 years of experience in providing financial management services.
• They provide periodic portfolio review and offer a diverse range of financial products.
• Their team consists of qualified and experienced professionals which include CA’s, MBA’s and CFP’s
• While suggesting the investment plans they will take into account different factors like risk tolerance limit, the investment goals of the client and market conditions.
• They also provide tax management and consultancy services.

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