Key Points
He is conscious of having to provide for the future of his family and has been disciplined enough to maintain a budget. He lives in a house bought a few years ago with a loan and pays an EMI for the same..
Singh and his wife save a good portion of their incomes each month..
The money Singh is saving is an asset that has the potential to generate higher returns, which will help him reach his goals faster..
The funds allocated to their long-term goals should be held in investments that will provide better returns and offer lower risks in the available time...
It is also important for Singh to periodically review and modify the investment choices he has made to ensure that these continue to be suitable for the current investment horizon of his goals and preferences...
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