Income is something which is not constant. Your wealth may be fluctuating but what is significant is how to manage it. The capital you have invested and the revenue you have earned may not be same or equal. There has to be a regular check of the income you have and hence accordingly you can strategize it and put it forward.
Wealth review is very necessary in today’s time because the investment options are many but scope for managing it is less. A constant routine of going through how much you have and how much you have shelled is important because at the end of the year it will help you file your returns and pay tax accurately. Be it a big amount or small, the investment you have made need to be calculated on the basis of numbers and these numbers will lead to a right amount of revenue and future investment. Hence a regular review of your investment is necessary and this will help you systemize your return and the investment you will make in the future.
The story does not end here as reviewing your wealth will later help you make future investments, hence, this needs to be systemized and strategized. Where to invest and how much to invest depends on how well you have reviewed your capital. Bonds, Mutual Funds, Stocks, etc. are the options available and which options to choose depends on how systematic you are in you’re planning. Therefore, before investing you need to review your money and plan it accordingly.
At Karvy Private Wealth, Wealth Review and Investment Strategy consists of a comprehensive review of your current wealth based on your investment objectives, future aspirations and risk profile. Our wealth advisors suggest optimal re-allocation of your portfolio to address your current objectives as well as to benefit from new opportunities when they arise.