How to be successful, here are a few tips from our women experts
How is investing different from savings? Both the words are often used similarly, but there’s a lot of difference between the two. The most important difference is associated with risk. If you are saving, there is very little risk of losing funds, and you can easily pull out the money when needed. However, when you invest, there’s a better chance for long term rewards or gains, but also, it is accompanied by a greater risk for loss. The second difference is linked with interest. While the aim of investing is to make more money, the reason we opt for savings is for keeping the money secure for future use. Why should women start investing? Investment doubles the money over the years. For example, if you’ve chosen mutual funds, you would be investing for a long time, and you’ll get twice the money. However, the most important factor is risk. So, one must do proper research on a scheme before investing. Women are entering into the fields of busi...