Investing is the easiest way to get closer to your dreams. Some people start investing money to save up for a decent retirement; others want to become millionaires and the rest dream of providing themselves with a stable passive income.
Everyone has different objectives of investment, but they are all achievable. Let us understand these objectives in detail.
The primary purpose of investing is to make your money work for you and get returns without additional effort. Investing is a perfect tool to build wealth with your current savings along with the much-needed security.
It is the first step towards achieving your financial goals, be it short-term or long-term.
While every investor has his own objectives depending upon his needs, there are two main categories of objectives for investment:
A short-term investment objective means that the investor wants to achieve his goals within a short period, such as a few months or years. Below are some examples of short-term investment objectives:
To fulfil these objectives, it is important to know the types of investment instruments that are best suited for short-term goals.
Here are some suggestions you can choose from and accomplish your objectives of investment in the near future:
These investment objectives do not remain restricted to a time limit and are made to accumulate wealth for the future. There could be multiple reasons for having these objectives, for example:
While it is true that saving money helps a lot in achieving these goals, it is essential to know that investing your savings is the best way to attain long-term objectives quickly and easily.
There are several insurance plans that can help you achieve your long-term goals, depending on your needs. Here are some options you can consider:
| Characteristic | Short-Term | Long-Term |
|---|---|---|
| Return | Lower | Higher |
| Flexibility | Highly flexible | Limited flexibility |
| Liquidity | Very High | Low |
| Efforts | Maximum efforts required as you need to research and monitor your investment regularly. | Minimum efforts as you do not have to look for suitable investment options frequently. |
| Purpose | Save money and generate small returns | Build wealth |
| Risk | High | Low |
Both of these have their own advantages and limitations. But, preparing yourself for the long-term is considered to be more beneficial.
A short-term investment objective guarantees quick return, but it also limits the growth of your money as you cannot make use of compounding.
On the other hand, long-term investment objectives provide higher returns and contribute to wealth accumulation. Having long-term investment objectives helps in being financially stable and secure in the future.
With multiple financial risks surrounding us, it becomes necessary to have investment objectives to ensure that your future remains financially secure.
Having investment objectives will help you decide on the investment objectives and give you an understanding of which investment instruments to choose.
We at PNB MetLife offer a range of family protection, child education, retirement, and long-term savings solutions at an affordable rate.
Select a life insurance plan as per your needs and buy it today to protect yourself against future uncertainties and provide your family with continued policy benefits even in your absence.
It is better to invest in the long term as it offers higher returns and greater protection.
A saving plan will provide you with regular returns and a corpus of funds at the policy’s maturity.
The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.
PNB MetLife India Insurance Company Limited
Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
IRDAI Registration number 117 | CIN U66010KA2001PLC028883
For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.
Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203.
| Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers! IRDAI or its officials is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint. |
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