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Essay About Making More Money

1518 Words7 Pages

Many people believe that making more money can solve a lot of their problems in life. And then, they look out for promotions or job changes to earn more money. People who own a business try to get more clients to make more profits. However, many of them are unaware that it is not just about making more money. In fact, the solution is make your money make money as well. Confused? Well, if you invest your money intelligently, there are some investment schemes that allow you to earn money from your investment.

This is an ideal scenario where you money is also working as hard as you. And since you do not have to be actively involved in these investment schemes, they essentially become your sources of passive income. When you invest in schemes …show more content…

ETFs can be sold or purchased during the business day at any time from the opening bell till the close. The trading value of ETFs is based on the Net Asset Value (NAV) of the underlying stocks that the fund represents. Out of the other investment plans in India, Exchange Traded Funds are fast gaining popularity since they also offer tax benefits. Reliance ETF Bank BeES, SBI ETF Nifty Bank and HDFC Sensex ETF are a few examples of the Exchange Traded …show more content…

Even if an investor possesses the knowledge, it takes a lot of time and effort on the behalf of the investor to mind multiple stocks to invest in. When they invest in mutual funds, they get to save this time and effort in research since the fund manager, dedicated to the fund, does all the work for a commission. All the buy and sell decisions are made by the fund manager who monitors the stocks carefully. Professional portfolio management is one of the biggest benefits of investing in mutual

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