Purani Jeans Aur Guitar Essay Example for Free

Purani Jeans Aur Guitar Essay â€Å"Purani Jeans aur guitar†¦Ã¢â‚¬  a jingle which most of the college going students might never forget. Somewhere in the song a stanza comes which states – â€Å"maangne paise udhaar†. This is a very common incidence happening in college life and the best part is that one gets to have as many resources as she/he requires. But the point is do we actually NEED to ask for the â€Å"Udhaar†? Lot many instances have been found wherein because of this â€Å" udhaar† lot many feuds(Big or Small) has happened between best of the friends. So do we actually want to have â€Å"udhaar† or get rid of this and still continue to enjoy the beautiful and happening ‘College Life’? (This may not seem 100% doable but â€Å"try maarne mein kya jaata hai!!†) So what is the Solution? Very simple – Put the right money in the right pocket in the right quantity in the right time, that’s it! This can be achieved by using the world famous – â€Å"Art of Investment† Investment has its own Oxford Dictionary meaning – ‘the action or process of investing money for profit’. The question is how do we practice this art of investment and make the action work for us. In simple terms – how do we invest, where do we invest and when do we invest? Let’s look out for answers to these questions: a) Where do we Invest? Answer Avenues for investments have seen a drastic change from yester years till date. Now we have simple formula – â€Å"zarurat jaisi, salaah waisi†. You name your objective of investment and we have a solution available as per your requirements. One may go ahead and invest in a plethora of avenues as per requirement viz. i) Traditional Debt instruments – Bank FDs, Post Office Schemes etc. ii) Tradable Debt instruments – Bonds Debentures iii) Direct Equities iv) Mutual Funds v) Gold vi) Real estate etc. As per one’s capability, knowledge, resources, risk time may choose one or more avenues of investments among these. Mutual Funds provide a one-stop solution in all categories. b) How to Invest? Answer – Investment mechanism and procedures have also evolved with time. Now one may invest in most of the avenues in not only a physical mode – filling of application, giving cheque etc. but can also invest electronically viz. using Mobile phone, SMS, online, call centre etc. All that is required is to comply certain regulatory requirements and that’s it. You have enough invest lump sum; you do not have enough invest systematically in small chunks. c) When do we Invest? Answer – Most difficult but again very simple too. A great learner has said – â€Å"You have two options – either time the market or spend time in the market. It is always easier and better to spend time in the market rather than timing the market!!† So, it is always advisable that one invests regularly and systematically rather than trying to capture the highs and the lows. Whenever you think of investment don’t wait but invest – lot many avenues are already available for various needs and timing. Also it has proven record that invest early always yield s better results. â€Å"Papa kehte hain bada naam karega, beta hamara aisa kaam karega† Starting investments at the early ages viz. when in college when you start receiving pocket money definitely adds up a bigger amount to your future life and helps to achieve ones goals and aspirations. Your parents would also feel PROUD.