When it comes to their portfolio, one should have liquidity for unforeseen circumstances. Store six months’ worth of expenses in a different liquid fund basket. Choosing the appropriate approach while building a portfolio can change your life. Investors who lack knowledge of markets, investment fundamentals, and trends frequently fall for the incorrect products. Over time, this causes losses in their holdings.
The article outlines the top 10 mistakes to avoid while investing in the markets.
- Not starting early
- Not setting investment goals
- Lack of asset allocation strategy
- Over/Under diversifying portfolio
- Not understanding ‘Market swings are normal’
- Do not invest and forget
- Following the market sentiments
- ‘Insurance is not an investment’
- Not creating an emergency fund
- No Tax Planning
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Read More: Economic Times