Holiday Seasons are starting off! And most of us will agree that the best way to enjoy the summer … is to check into a resort and chill out. In fact, the best thing about resorts is the complementary sumptuous breakfast buffet.
And the worst thing is if you want to enjoy the buffet adequately … you need to get up from that much awaited and coveted beauty sleep and be present at the breakfast table well before the buffet end-time.
So accept it or not … Buffet breakfasts bring in a little discipline to the otherwise leisurely day at the resort.
I think … even our investments are just the same. We are all ardent followers of liquidity preference theory … like to keep cash in hand and spend as per our requirements.
With credit cards … we buy today and pay tomorrow. So a good portion of our monthly income is already spent even before we receive it.
Even though channelizing of funds for investments may be a little inconvenient… it is but essential for us to enjoy the buffet of better things that life has to offer us.
Breakfast Buffet tempts us with lots of Cheese, Butter, Buttery Scones, Banana Cakes, Cheese Croissants, Belgian Waffles, and Full Cream Milk. These delectable food items are there … to gaze upon to our hearts’ content.
The food on our table has moved to more healthier alternatives like an egg-white omelet, low-fat Greek yogurt or brown bread with sugar-free jams. That sugary cappuccino and masala tea has given way to expresso and green tea
Likewise with our investments … there is a need to shift from our age-old investment patterns. Wherever possible in the risk-return matrix, it is prudent to move from the Fixed Deposits /Recurring Deposits to Fixed Maturity Plans and Balanced Funds.
Again, it would be of prudence to replicate the benefits of a Unit Linked Insurance Plan with a combo of Term Plan and a separate Mutual Fund Investments. This type of investment has a higher probability of providing a better life cover but with the liquidity and better returns of Mutual Funds
There is but a simple requirement to take a little money out and invest in today’s time appropriate investment instruments.
The Financial Investment sector is continuously developing … financial innovations are a common affair
The selection of an apropos financial investment platter from the financial buffet to suit your financial goals is of utmost importance