Hi Everyone,
After a long gap, I had some free time to publish this idea of mine. As usual, again this is about the money and investment struggle which I have faced and found a way to overcome and invest it and build wealth over time slowly and steadily. Not only me few of my friends faced these issues we figured out an answer and I figured out a way to invest the bonus.
I hope or assume most of us investing slowly getting some acceptable returns and on the way to beating inflation, we have to tap on ourselves to achieve it. we get returns in two ways,
--> Share price appreciation
Now comes what is the issue/problem and the answer for the same right. we have already seen the jits and core of the question yes, it is all about how to track our dividend income and if wanted to invest the returns to accumulate the wealth.
As we would have invested in many counters/ scripts, it would be difficult to track all the additional income received in the form of dividends. I faced a similar issue during the initial years of the investing journey. Now our Govt. India made the tracking too easy. we can see all of our income from the Income Tax portal. from AIS (Annual Income Statement) which gives a detailed breakdown of all our additional incomes apart from Salary like dividends/s interest credit on our money from savings accounts or FD or RD investment.
Okay, we have reached halfway through our discussion to identify the way to get additional income in one place, now comes the leftover part of the question.
This answer will vary based on individuals, I had two ways to invest this money once I got the sum of additional income. I would like to divide it into two half
1. Physical(Buying Silver for half of money not only me even Robert T. Kiyosaki suggested this in his recent interviews)
2. Paper (will buy Gold in Demat account in the form of Gold bees)
I won't say my method is the best investment, I decided it based on my self-interest but we have alternates as well, we can invest in INVIT(Infrastructure Investment Trust) or REITS (Real estate investment trusts). and based on our way we can re-invest but our money won't be doubled in this way but I hope after decades when we look back it turns out to be a good investment with good returns, by this way we can't become rich but we will be on the way to be rich. Both INVITS and REITS will provide the dividends further. we all can see the appreciation of the price of gold in history.
Happy Wealth creation.
Cheers
Comments
Post a Comment