How and when to start investing?

When to invest:

It's never too late or too early to start investing. The best time to invest is now. The 4 keys that could guide you regarding when to invest are:-

1-Start investing early- Start early and retire rich. Invest whatever you can today and move steadily towards a secure tomorrow.

2-Invest regularly- Invest regularly and methodically and let the magic of compounding work for you.

3-Never time the market- Be a smart investor. Always invest in time but never try to time the market. Timing the market is mastered by none and is beyond one's control.

4-Be patient- For long-term wealth creation, you need to be patient. The longer the investment horizon, the lesser is the risk and greater are the returns.

How to invest:

You toil hard to earn money and, therefore, it is important to invest it wisely. Ask yourself certain questions before deciding on how to invest:

1-What are your needs and financial goals? Do you need a regular income or want to buy a house or require funds for your child's education?

2-How much risk are you willing to take on? Can you withstand the volatilities in the capital market or are you satisfied with a low-risk, low-returns philosophy?

3-How soon do you need the money? Can you invest for a longer time-horizon or do you need money in the near future?

4-What are your cash flow requirements? Do you need a regular income or a lump sum amount after a certain period of time?