- Stocks are far riskier than mutual funds
- Investing in stocks directly without research
- Buying too many stocks, funds to diversify
- Investing in too many stocks or several funds from the same category does not completely reduce the risk.
- Not saving for emergencies
- Be prepared for unforeseen expenses and other financial contingencies.
- Buying insurance to save tax – Rethink
- Tax deduction should not be the primary motive of buying life insurance
- Venturing without research about investments.
- Take major decisions only after properly assessing their viability
- Ignoring outstanding debt
- Don’t neglect credit card statements and SMS alerts from your bank
Source: ET : https://economictimes.indiatimes.com/wealth/invest/6-bad-money-habits-that-investors-should-give-up/articleshow/70508636.cms
Previous tidbits:
https://radhaconsultancy.blogspot.com/2017/11/tit-bits.html
My recent article published in Nanayam vikatan in tamil : http://bit.ly/sebidebt
No comments:
Post a Comment