Synchronize year-end investments with goals
It’s the time of the year when individuals rush to sign up policies or do investments which have no direct link to their financial goals but more to do with saving taxes. Insurance agents get on a calling spree to sell their products, be it life insurance to get you exemption under section 80C or medical policies to get you exemptions under section 80D or any other. These calls can be...
Read MoreCommon Investing Mistakes – III
You must have read common investing mistakes part 1 and part 2 earlier. If not, kindly take the time to go through them now. This is the third and final part of the series. 1. Not Rebalancing Once you allocate your assets as per your circumstances, it’s important to re-balance your portfolio at least once a year. As the price of equities goes up or down, the ratio that you have...
Read MoreCommon Investing Mistakes – II
If you haven’t already read the first in the series on common investing mistakes, then please do so now by clicking here. Here is the second part of the series. 1. Over Monitoring Portfolio & Making Emotional Decisions Some investors constantly check progress of their portfolio, logging in several times a day. Market is quite volatile in the short-term and constantly checking your...
Read MoreCommon Investing Mistakes – I
“You only have to do a very few things right in your life so long as you don’t do too many things wrong.” ~ Warren Buffett Investing sounds very simple – Buy low, sell high and make money. But, practice is different than theory. If it were that simple, everyone would be a millionaire. One of the keys to making money in investing is to avoid making mistakes. Often,...
Read MoreStay Focussed on Your Goal
What we are earning for? Why do we want to save? Why do we need our money to grow? All these and many such kind of questions don’t need any answer. Obviously, we are earning for ourselves and our family. We want to save for rainy days, to provide the best education to our children. We want money to grow so that we can have a healthy and comfortable lifestyle even after retirement and should not...
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