Irregular Income? Plan This Way
Start Your SIP in Mutual Funds.
Do you have Irregular Income? Want to Invest regularly in Mutual Funds but can’t go ahead with SIP way as your income is not regular.
Being a Self Employed or Professional there’s no fixed regular income to go ahead and commit yourself to SIP where a fixed amount is invested every month.
Then how you should plan your investments, that can help you achieve your financial goals?
Here are the Two Possible Ways For You!
- Calculate the Investible Surplus you had in the last 12 months or 1 year. Then Go ahead with the average amount as SIP. If you’re not sure about this. Then,
- Do Top Ups every month in Dynamic Asset Allocation Strategy.
What is Dynamic Asset Allocation Strategy?
In Investing, Asset Allocation plays a 92% role in Wealth Creation. Whereas, Scheme Selection & Market Timing plays the rest. But the majority focus on Schemes & Timing only therefore they don’t make it the way they want to.
Asset Allocation is all about allocating the right proportion at the right valuation means You must allocate more into equities when it’s undervalued and decrease the allocation when it starts moving towards overvaluation. Regular Review & Rebalancing is required half-yearly at least.
We at Gurpreet Saluja Financial Services, focus more on this strategy and recommend this to our investors to generate risk-adjusted returns from their mutual fund portfolios.
The best part is if you have irregular income and want to invest for your financial goals then you can top up any amount every month depending on your investible surplus and enjoy the power of dynamic asset allocation as well as risk-adjusted returns.
Along with this, We will automatically allocate the required proportion with your financial goals so that you can track your financial goal achievements with your investments.
If you want to discuss more regarding this, you can feel free to schedule your one-on-one meeting with me. Click: gurpreetsaluja.com/consult
* * *
If you like this post, please do share it with others, and also Click here to Subscribe to my FREE Email Newsletter.
Hi, I’m Managing Director at Gurpreet Saluja Financial Services where I help my investors to invest in mutual funds and achieve their financial goals. I’m also a Value Investor and here I write about Personal Finance & Investing.
