If you want to understand how to become better allies to people with disabilities, then join us at Embracing All Abilities: Including People with Disabilities at Work.
There are a few investor mistakes that are commonly made by most investors that could be fatal to a secure financial future. Catch them before any lasting harm is done!
We all make some investments or other. The aim is to build a better future for ourselves and our family. Some do exceptionally well, while some, instead of saving money their entire life, struggle to meet life goals.
Why is it so? What do successful investors do differently from the rest of us?
Let’s explore some common tendencies of investors at large; which turn out to be the biggest mistakes for our investments.
It is really important to understand what the value of our needs in the future be and to work out an investment amount needed to be invested, to reach that magical figure.
As the saying goes “If you don’t know where you are going, you would end up someplace.”
I think the market is very volatile at present. Let me get a better pay package; then I would start saving. I have rest of my life to worry about my retirement.
These are all the excuses we make today and pay the price for the same later. There is never a better time to start investing than today. External, future scenarios don’t matter. The earlier you start, the better the chances that you would reach all your goals comfortably.
It is equally important to stay focused on your goals and keep doing your regular contribution to its growth patiently. The moment you lose sight of your goals and stop your investments towards them; you would be taking two steps back. Remember “You got to nourish for your investments to flourish”.
Another mistake which an investor makes is not realizing how much risk one should take for which goal, and which instrument suites his individual risk appetite. Equally important, is to make the right asset allocation for the objective in question.
Choosing either a wrong instrument or a product not suitable for individual risk bearing capacity would both turn out to be a disaster! Either you would withdraw too early, or the investment would not be able to deliver, as per your expectations.
Another mistake an investor makes is that they start with a goal value in mind and choose an instrument which they think would help them achieve the goal. But during the course of time the goal value can change or the instrument performance may vary.
It is hence required to review the goal and the instrument performance over time. You must set the review timelines against each goal at the beginning itself along with your financial adviser, to avoid surprises at the end. Your timely review on the progress of individual goals and timely changes if required, would ensure reaching the goal value on time.
Save right, invest wise!
Cheers!
Image source: shutterstock
Hi, I am Shaily Shah; after a good stint of 14 years in corporate life, trying my hands at something i really liked doing as a teenager; writing my heart out! Also, by means of read more...
Women's Web is an open platform that publishes a diversity of views, individual posts do not necessarily represent the platform's views and opinions at all times.
Stay updated with our Weekly Newsletter or Daily Summary - or both!
Just because they are married a husband isn’t entitled to be violent to his wife. Just because a man is "in love" with a woman, it doesn't give him a right to be violent.
Trigger Warning: This speaks of graphic details of violence against women and may be triggering for survivors.
Anger is a basic human emotion, just like happiness or being sad. One chooses his/her way of expressing that emotion. It is safe until that action stays within oneself.
What happens when that feeling is forced upon another? The former becomes the perpetrator, and the latter turns out to be the victim.
Rrashima Swaarup Verma's new bestselling book The Royal Scandal is a celebration of the spirit of womanhood set in the 18th Century.
Rrashima Swaarup Verma’s new bestselling book The Royal Scandal is a celebration of the spirit of womanhood.
A true love story. A tale of politics, treachery and war. A piece from India’s rich history. A vivid description of 18th century life in the Deccan. Yes, The Royal Scandal is all that and more. But it is also an aide-mémoire of the tremendous fortitude, the unbeatable spirit that women are, and have always been, capable of.
18th century, Hyderabad, India. A time and place when societal laws and rules came down heavy on the female gender, when zenanas separated and shielded the women from the world outside, when it was understood and accepted that the men in their lives would govern and dictate every big and small decision.
Please enter your email address