I wish you all a very happy & prosperous New Year.
Sometimes the greatest gain in productive energy will come from cleaning the cobwebs. Be it endowment, moneyback or ULIPs – these are cobwebs. In New Year remove these and start fresh.
If your answer is Investment or tax saving instrument – you love your agent more than your family. Think!!
The point what we are trying to make is that investor/user of Financial Products tries too hard to get the best and in doing so, he actually makes a mess and then blames the same on other factors may it be markets, cheating by intermediary/agent etc.
If someone ask why Indians have not made money in equity – answer lies in this article.
Very basic article on Financial Planning.
If you don’t understand this – no one can help you in achieving your financial goals.
Do you know everything you invest today is mutual Fund.
Now when you have understood meaning of Mutual Fund – let’s understand SIP which is going to be wealth creator for you – if you understand it’s right meaning.
Investor think that IPOs are good Investment Vehicle but in reality they are against investor’s interest as they arrive in market when promoters are sure that they will fetch good premium.
And in the end or a new beginning – There is very famous quote of Warren Buffett, “An Investor needs to do very few things right, as long as he or she avoids big mistakes.” There are ten common mistakes made repeatedly by investors. You can significantly boost your chances of investment success by becoming aware of these typical errors and take steps to avoid them.