Setting goals is crucial in every aspect of life, including financial goals. Once a goal is set, you are committed and laser-focused on achieving it.
Investment mandates for various financial products vary. You should evaluate your risk profile before investing in any financial products.
Investing in the stock market refers to long term say it a year or more. Most Investors time the market who decide whether to purchase or sell depending on their expectations for future price changes. But this should not be done.
In the realm of investing, it is very common to follow the crowd. Many investors are persuaded to act in the same way by looking at the returns or a promising headline. Many investors make the error of following the crowd.
Ignoring the impact of inflation on returns is one of the major mistakes that most investors make. We are all aware that the value of the rupee has depreciated over the years. So investors should try to make a portfolio that beats inflation.
This adage holds equal weight to one of the Ten Commandments in the realm of investing. You take on a lot of risk when you invest all of your funds in a single asset type.
Long-term returns will be higher when portfolio growth is gradual and steady. So you should be patient enough to not to sell any investment before time.