It is not enough to just save whenever you can. You need to do this on a regular basis, with great discipline. Otherwise you are quite likely to miss out on good opportunities. This Diwali, start investing through a Systematic Investment Plan
If you want to go to Delhi, can you catch just any flight? No, you need to take the correct route. Exactly in the same way, you need to invest correctly as per your financial Goals. If you do not tailor your investments to suit your profile, you may not be able to achieve them.
It is not right to put all your eggs in a single basket. It is very risky. Imagine you invested all your money in a fixed deposit and the bank goes bust? This is why you need to diversify. Invest a portion of your funds in different assets like Equity, Debt as well as Gold. And you can do all this through different Mutual Fund (MF) schemes.
Most often, people fail to invest because they do not know anything about investing. This is why the first step towards investing is getting the right knowledge. And technology has helped bring information to your very doorstep. This will also help you deal with all the myths propagating around financial products.
DON’T JUST HOLD, ALSO SELL
Long-term investors hoard assets like MF units, Shares and so on. However, you need to sell regularly and re-invest the profits in better instruments to earn higher returns in the long run.