5 Long Term Investment Ideas Can Help Achieve Financial Goals

To achieve a whopping bank balance, it is important to do better financial planning and opt for investments and savings. With only a single income, we can not achieve it. We also need to open multiple sources of income and, with better execution of strategies, we can achieve a better financial status. For that, we can opt for long term investment strategies.

In order to achieve the long term financial goals, we need to work hard and consult an expert who could help us with this. With better guidance and knowledge, our goal can become much easier to achieve. Here are some of the long term investment ideas that one can seriously think of.

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5 Long Term Investment Ideas:

1) Public Provident Fund (PPF) A government supported, low risk savings plan with a 15 year lock in period and assured, tax free returns. It is a great choice for retirement planning and conservative investors because it offers triple tax advantages under Section 80C of the Income Tax Act.

2) Real estate has the potential for both capital appreciation and a consistent stream of rental revenue. If you buy a property now, it could be a great return on investment after selling in the future with exact market study.

3) Direct investment in the shares of firms enables you to profit from capital growth and potential dividends over time. Although this option carries more risk and requires research, it has the potential for significant long term gains.

4) Gold is frequently thought of as a safe haven asset because it provides a solid defense against inflation and a way to broaden the variety of investments one has.

5) Mutual funds, the money from various investors, is pooled into ones which are used by experts to invest in a diversified portfolio of equities. You have the option of investing through disciplined Systematic Investment Plans (SIPs) or in lump sum amounts.