Clarity on investment for beginners

Where to invest, setting objectives and understanding time horizon and risk appetite is essential

One of the most common queries we receive is from young folks starting out on their careers, asking which investment products we’d recommend. Though the query is usually about which mutual funds or stocks to buy, that’s a topsy-turvy approach to starting one’s investment journey. To select the investment products that best fit you, you need to be clear about your investment objectives, time horizon and risk appetite first. Here’s how first-timers should go about investing. Many beginners think that the secret to creating wealth lies in betting money on high risk-high return products. It isn’t, really. You need money to make money, so the secret to wealth creation lies in maxing out your savings that can be funnelled into investments.