Investments are a smart way for you to grow your finances. Because of the technological advancements that we have today, investment has become a popular topic worldwide. From young adults to senior citizens, investing money to bring value to your financial situation has become prevalent.
However, investment is not simple and easy to understand. It involves a lot of risks and troubles. Luckily, The Shikana Group is here to help you out. With an experienced and knowledgeable team offering investment planning services in Tanzania, Shikana is determined to assist you in your planning strategies. We take note of the current trends and advise you in the right direction.
What Is Investment Planning?
Investment planning refers to the process where people invest and buy resources and align them with their financial situations. This is purely subjective, and many people can have different reasons for investing.
However, with the right resources, people can actually see a return on their investments. To ensure this, investors must have a clear strategy.
What Are The Strategies You Can Use?
1. Active and Passive Planning:
This is a common yet effective way of investing. This particular planning strategy enables you to stay as the owner of your stocks for a long time. The idea is quite simple. Once you buy an investment, you hold off on it for a period of time. You will never sell this investment, but you will continue owning it for a few years.
If you never sell, you will get the benefit of not having to pay certain taxes. You will not have to continue watching the stock market for a long time. The market is very risky, and holding off on your investment allows you to relax. Active planning is quick and frantic.
2. Income Investing:
Income investing tends to be a bit different than normal strategies. This enables stock owners to have part of their returns in hard cash. The process allows people to have more liquid returns than most. This kind of investing does not assist a lot in building the value of your portfolio but gives you the opportunity to receive the benefits of your investment.
In this, you have the freedom and liberty to do whatever you want with the return. Reinvesting becomes a lot more simple and easier to do. Those who wish to have a faster and steady income from their investments usually choose to proceed with income investing.
Growth Investing:
Growth investing is a type of planning that requires investors to properly observe the market. In this particular strategy, investors must gauge the kind of market they wish to invest in.
If the individual believes that the market will flourish in the coming years, they will put effort into it. Usually, this sort of planning is reserved for those who want to increase the value of their portfolio.
This strategy’s biggest advantage is that it accounts for both long-term and short-term goals. Investors can choose to withhold investments for certain time periods depending on the performance of the market. It also majorly depends on the investor’s situation. Moreover, The Shikana Group offers investment planning services to people in Tanzania who seek to get help on the subject.
For example: if an investor wants a substantial return to buy a house, they will look towards short-term planning to achieve that.
How Shikana Can Help
Shikana advises clients on the appropriate ownership structure for the business they want to set up, including corporations, partnerships, limited liability companies, and joint ventures. We analyze the benefits, costs, and risks associated with choosing a particular business entity based on our extensive experience assisting foreign investors in the African marketplace.
We also provide a full range of immigration and labor law services, including liaising with relevant Government authorities for work permits, investor permits, and related matters. We use our unmatched experience to deliver efficient and transparent legal and investment advisory support for our clients.
Our firm offers services in the following domains:
- International trade and taxation
- Commercial and business law
- Compliance
- Venture Capital and Private Equity advisory services
Contact us for legal advice you can believe in.