Nature of investment as an asset

Assets may be classified as

Fixed asset

Current asset

Depending on the intention with which they are acquired. If the asset bought and sold frequently with the intention of making short term profits, they are trading investment or current investments. If investments are purchased with the intention of retaining for longer periods and the dividend or interest income is intended to be received for some years, the investment are long term investment or fixed investments.

6 Steps for better investment plan: For Indians

Regular Savings

1)    Create a budget and track your expenses

2)    Don’t use Credit card and don’t go for personal loans

3)    Save effectively for future

4)    Go for regular and long term savings

5)    Plan your retirement plans in young age

6)    Finally try to buy your Dream Home

     Thump Rule : Your first expense should be your saving.