An Investment In Education Pays The Best Dividends
Your kids hold the most important place in your life, and so you cannot make any key decision without providing for your child. You have to plan in advance for their career and happiness.
Apart from building the amount for your child’s education, it is important that you are well-prepared for other expected or unexpected costs like medical expenses, family crisis or emergencies. Else, there is a big chance for you to deplete your child education investment, thereby leaving you nowhere with your goal!
Dr. Funds will help you draw a plan in order to achieve your next big life goal i.e. Planning for Your Child's Education
Time period of the investment
The tenure of investment is dependent upon how early or late you start investing for your child’s higher education. If you start early it allows you to take risk and aim for higher returns from equities. The longer period also reduces the overall risk.
The overall returns generated
It is your responsibility to keep a track of your investments. The investment segment focused on your child’s higher education should generate a certain percentage of return annually.
Future Risk cover to protect goals
It is advisable to have a risk cover in order to reduce or avoid the financial impact on the lives of your dependent in cased of happening of unforeseen events. Thus one should make sure that the future costs related to your child’s requirement are adequately covered by the plan.
Put a plan into place
It is advisable to have a risk cover in order to reduce or avoid the financial impact on the lives of your dependent in cased of happening of unforeseen events. Thus one should make sure that the future costs related to your child’s requirement are adequately covered in this insurance.
For better management of funds, create the separate portfolio for child needs. For more than one child, also earmark funds separately.
Early planning and preparation are essential to stay safe and create better. There comes a time in every planning when choosing a right is what matters a lot!
When you need to make a decision about a child’s future, don’t let emotions vote. Select the products which are specially made for children. As Good investment may secure your child future. Be an early & wise bird as it will protect their future generation.