Investment in the correct place is crucial for maintaining portfolio and wealth management of an individual or group or any other entity nowadays. This is because money kept idle means no chances of getting multiplied and can even witness a decline in the value as well. On the other hand, money if invested in the right way can lead to huge profits and gather a certain amount of fund that can be utilized in the future. These can be ensured with the help of appropriate investment strategies.
Types of investment strategies
The collection of rules, systems and procedures related to investment are known as investment strategies and the type of investment will vary from one person to another based on the income, assets, family details, work details and various other factors. Given under are the main pillars of investment:
• Structured savings plan.
• Gearing of installments.
• Need of an investment in diverse field with re-invest income and regular withdrawal plan.
• Lump sum gearing.
• Insurance bonds that are tax effective.
Hence, all these factors must be taken into account while deciding upon he investment strategy of a particular person so that the maximum profit can be assured.