Consider your financial objectives before mobilising your cash for investing. It’s a good idea to create a timeline and categorise your objectives as short-term or long-term. This provides you with the clarity you need to better plan your investment strategy.   Then, based on your short- and long-term objectives, pick and choose your investment possibilities.   For example, it’s better to invest in a highly liquid short-term investment option. For example, the Equity Linked Savings Scheme to meet short-term goals like buying a new car or a new bike (ELSS).   It makes more sense to invest in a long-term alternative to meet your long-term goals. For instances such as funding your child’s school or marriage.