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Why Alternative Investments Could Be Risky For First-Timers

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Why Alternative Investments Could Be Risky For First-Timers
Why Alternative Investments Could Be Risky For First-Timers
OLM Desk - 29 October 2022
Queries Deepak Solanki, Agra I started my job as an IT professional last year and, as of now, I don’t have any financial dependents. Most of my major goals (marriage, buying a home) are at least 5-7 years away. I am comfortable with taking risks. Should I consider investing in alternative investments such as cryptocurrency, commodities, global equity, etc., to maximise my returns? What should be my strategy? In general, alternative investments are not suitable for most investors. Ideally, before investing in alternative investments, you should ensure you have a couple of things in place. First, you should ensure you have sufficient funds kept aside for emergencies. Second, you should have an adequate corpus or be on the path to accumulating enough funds to last three or four decades of retirement. Finally, you should plan for other financial goals like buying a house, taking care of your children’s education, and so on. It is only when all these goals are adequately planned for should an investor consider alternatives. And then, too, they should go with the mindset that...
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