Gone are the days when money management was solely perceived as a man’s domain. Today, women are breaking gender barriers in business, challenging societal norms where financial independence was traditionally seen as a male privilege.
Experts list out strategies for successful long-term investments
Real estate investment
However, just like in all other businesses, executing real estate as an investment vehicle successfully also depends on the investor’s ability to mitigate or minimize risks and exploit the opportunities. “Real estate isn’t just about building a house but also a way of creating generational wealth. First, use what you have at your disposal, be it a cramped condominium or rental property, and continue educating yourself on the real estate market and general management. Once you’ve formed a solid ground for your future in this field, you may go as far as you want.” Sanjoo Bhadana, the Managing Director at 4S Developers.
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Entrepreneurial guidance
Without hesitation, consult a financial advisor, wealth manager, or certified planner who can customize strategies and risk exposure for your expenses and risk preferences. “Trading in the financial markets can be challenging due to the complexity of investments but seeking advice from seasoned professionals guides you to achieve your ultimate success. Whether it is tailored strategies or more sophisticated tools such as risk management, tax optimization, and long-term wealth preservation Industry experts will help you navigate the ever-changing environment.”, Nidhi Agarwal, founder of Spacemantra
Value-based investing
“Goals-based investment offers women the ability to perfectly articulate their financial decisions with the life aspirations, that may be retirement, education of a child, or enjoying a complete financial freedom and these goals can be prioritized for better allocation of resources with the long-term view to reduce expenditure and collectively the way to the accomplishments of the goals.” said, Ridhima Kansal, director of Rosemoore.
Long-term investment
The sustained success of long-term investment makes it practical for users with incomparable patience and a resolute will to succeed. It is important to keep in mind that the richest never acquired the bulk of their wealth within days, but rather over several long years. The dividends of wealth are projected to go to those who don’t fear anything and who boldly and squarely take risks matching the ones they think of. Then, we do not need to wait anymore. Spending time in the investment universe will help you to venture in with your courageous and confident foot.
Disclaimer: The views and recommendations made above are those of individual analysts, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
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Published: 08 Mar 2024, 11:10 AM IST