HAPPY NEW FINANCIAL YEAR Friends!!!
We hope all of you had a lovely previous
financial year. We are sure all the investments you did in the previous
financial year reaped laurels for you.
SORRY??? They did not?
Well than you need to go through this article so you can better plan your finances this Financial New Year.
Today is an excellent day. Not only has
the Financial New Year started, but also today is the first day of
Indian New Year and also the first day of Navratri. So let’s take a
pledge today, that we will follow good investment strategies and also
put a lot of thought before investing.
So without waiting any longer, let’s quickly go through the tips which can help us is sorting our investment vows.
1 Never put all eggs in one basket
This means have a diversified portfolio.
Keep the diversification in terms of sectors that you invest in, keep a
mix of equity and debt portfolio. Try having a systematic and well
thought portfolio. Not all your investments can turn into wrong
decisions. Diversification is the key to wealth generation.
2 Be a long term investor
If you see the trend, neither stock
market, nor the commodities like gold, silver, or oil and even Real
Estate have given negative returns over a very long period of time. Yes
trading and short term investment can be risky but can be rewarding as
well. But if you are a safe player, always try to go long term. Buy it
and forget it.
3 Invest in under-valued investment options
Try to invest in sectors or commodities
or investment options which are not faring well over a long period of
time. In such sectors, the probability of upward movement is way more
than downward movement. Also such sectors can give you a better ROI than
the sector which are already doing good.
Food for Thought:
What is your opinion on Crude Oil Prices? At current levels, how much
upside do you see and how much downside do you see? A good, thorough
thought and an even better research will provide you a conclusion. You
may share your thoughts here if you like.
4 Have patience
You have put in a lot of research and
thinking before investing in a particular investment option. Have
patience and let your investments grow. Don’t lose your wits just
because things are not moving. Things take their own time to shape up.
But this does not mean keep yourself invested in a wrong investment
which might go down and never come up.
5 Increase financial knowledge
Taking the previous point further, how
will you know which investment can turn bad? Well to answer this, simply
keep yourself updated with the financial world around you and try
increasing your financial knowledge.
REMEMBER Knowledge is power.
Gaining knowledge about any subject will help you become an expert in
that field. Think if you are an expert in the financial domain, you can
always make right, informed decisions and that can actually help you in
wealth creation. Why look for tips? Why not learn something new
every day? Tell us if you find any difficulty, I assure you TradeTalk
will always be there to help you out.
We hope the above tips will help you in taking correct financial decisions.
Again a very happy Financial New Year,
Indian New Year and Navratras to all of you. May you have an extremely
successful year financially and otherwise starting these Navratras. God
bless you all. Happy Investing and Happy Learning.