Should I save to buy a car or invest in equity?

To arrive at an outcome for your query, answer the following questions:

  • Do you need a car?
  • Do you want a car?
The eternal debate between Need v/s Want

If you need a car, buy and use it. This is especially true in areas where travel through aggregators or public transport may be cumbersome and unviable.

Possible Vehicle for Personal Transport in the 4-Wheeler Category

If you want a car for reasons other than utility(like proving your arrival to the big club, etc.) then it can be best avoided. Aggregators and/or public transport (metro, train, etc.) are able to service your travel needs without much hassle then use the capital for making investments into financial instruments.

Examples of Public Transport

The journey of investment is rewarding despite being embellished with some ups and downs.

Investing towards Financial Freedom

Hope this helps

You can follow my blog or Facebook page on investing for getting insight into other stocks.

Happy Investing!!

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