- Never invest money which you cannot afford to risk.
- Don’t keep all eggs in a single basket. (same stock or mutual fund)
- Never invest because your friend has asked you. We all know what happened to bitcoin gurus after the crash.
- Rather investing all amount in a single shot, be a disciplined investor and invest systematically.
- Understand an investing product before investing like mutual funds, equity, debt fund, all are meant for different goals.
- Don’t invest in equity if you will need your investments in next 2 years.
- Never judge a mutual fund scheme by 1 year of performance, MFs are meant for long-term wealth creation.
- Never mix insurance with investment. Both are meant to be goals. ( ULIPS are not a good choice).
- Keep at least some money in cash for 2 months of living.
- Always plan your investments ahead of time.
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What things you should know before investing?
