Financially our life has many long-term goals and short-term goals. The short-term goal could range from taking a foreign holiday trip to buying a LED television. Whereas a long-term goal is usually long-term and needs a lot of planning and insight to firm up. You start investing because of their future value. Fortunately for parents, there are enough investment products to help them fulfill the dreams of their children. If you choose properly with child education plan advisor, you can send your child to best college in the country for higher education or can book a 5-star hotel for your child’s wedding.
The tenure of investment is dependent upon how early or late you start investing for your child’s higher education. If you start early, it allows you to take a risk and aim for good returns from equities according to the best child education planning consultant. The longer period when you choose also reduces the overall risk. However when you are starting late, then you will have to go for schemes that will have modest returns preferably with capital protection.
As an investor, if you risk taking on the higher side, child education calculator will ask you to take a leap and invest in the equity oriented mutual fund. Equities have often been known to generate the best returns over a long period. You will have to bear with fluctuations in the market at the same time you cannot allow slight unpredictability to affect your nerves.
However, if you have a low or moderate appetite for risk, then you may invest in balanced funds, capital protection fund or even debt fund. And the last option is to opt for a traditional form of investment like fixed deposit, postal saving, and PPF or Sukanya Samriddhi scheme if you do not want to take any risk at all. This will provide security of assured returns.