INVESTMENT FOR A LIFETIME
- Make a will even if you are single.
- Pay off your credit cards in full every month.
- Get a term life insurance to cover your working years if you have a family to support.
- Invest for your retirement consciously and separately.
- Buy a house if you want to live in one and you can afford it.
- Put six months’ expenses in a liquid money market fund for emergency needs.
- Invest 70% of the balance money in an equity mutual fund and 30 per cent in a fixed income mutual fund, or invest in two or three balanced mutual funds.