Finding time to do anything of your choice amidst the hectic work schedule can be uphill. Whatever little time you salvage goes into spending some quality time with friends and family.
However, we cannot emphasise enough the importance and need for wealth creation in today’s age and how only earning money isn’t enough. With time acting as an obstacle, researching and understanding the market and maintaining your portfolio becomes a tough job. In such cases, investors want to invest in options that require less monitoring and hence lesser time and give steady profits over a period of time according to their risk appetite.
Below are five simple ways to invest while being too busy to trade:
- Make the best of online trading
Where trading used to be considered complicated and akin to gambling earlier, it has now become extremely easy and practical with the advent of online trading platform. You can sit at your home or in your comfort zone and place an order for buying and selling stock through the various apps available, almost like shopping on an eCommerce platform. Moreover, this option is now available for stocks, mutual funds and even overseas trading.
- Invest using Systematic Invest Plans (SIP)
A highly underrated form of investment is a SIP. This plan invests a fixed amount of money monthly or quarterly by spreading your investment, thereby lowering the risk and the constant need to monitor your portfolio. With a better average value than the other forms of investment, SIPs are a great option and help maintain stability even in times when the market is volatile. Investing regularly is simple, all you have to do is open demat account with a registered online broker.
- Invest in good old FD’s
With fixed returns, bank FDs have been a preferred and extremely popular choice of investment since times long past. While earlier you would need to visit the bank branch to open an FD, the option of net banking now facilitates you to check the interest rates and open an FD in a matter of minutes, right from the comfort of your home. With a minimum tenure of seven days and a maximum tenure of up to 10 years, it can be opened for any amount. On maturity, they can either be reinvested or redeemed and credited to your account as per your choice.
- Real estate: The gold standard of investing
Owning real estate is one of the oldest and extremely popular investment avenues. You can either buy a house for rental purposes or for capital appreciation. Don’t forget to first calculate the capitalisation rate so that you can have an estimate of how much profit it will fetch you.
- Gold investments
This anti-inflation investment instrument has always been a worthwhile one. It can be done in various modes – physical form in coins or jewellery, gold EFTs or gold mutual funds. Gold EFTs are becoming increasingly popular due to their safety, as they do not carry the hassle and risk of storing the gold.
No matter where and how you choose to invest your hard-earned money, step into it eyes wide, knowing all the repercussions and the how to’s so that you don’t end up losing. Happy investing!