Mistakes and Myths in Investing

The best returns happen when you profile yourself, assess your risk capacity, and build a diversified investment portfolio according to the risk profile and future goals. Some of the best investing happens when you invest for the long haul.

The perfect moment will never come.

Don’t jump into making investment decisions without first profiling yourself, laying out your goals, and calculating how much you can save after all your other expenses.

If anyone offers these to you, don’t believe them blindly. See what the returns are for similar schemes and accordingly decide whether the returns offered are credible or not.

This is one of the worst mistakes you can do. Yes, if the investment does well, you’ve hit the jackpot. But on the other hand, if it does badly, you’ve lost all your invested money, maybe even more.

Idle money loses value. Your money isn’t being used to make more money.

Investing is a well-planned exercise. Calculated decisions are needed. Don’t gamble with your money. If you want to gamble go to Goa. Investing is not gambling.

Everyone has their own background, portfolio, risk capacity and goals etc. Just because you know someone who has done well on one investment, doesn’t mean you will.