Bust these traditional mindsets to achieve life's financial goals:-
1. Saving and investing is the same thing.
2. Higher returns always mean more risks.
3. An average investor can never invest like rich people do as it requires lot of money.
4. Investing is a complex exercise.
5. Investing is like gambling.
6. Investing requires a very good financial knowledge.
7. In a volatile market, everyone loses.
8. Diversify as much as possible.
9. Systematic Investment Plans always ensure better returns.
10. Gilt funds come with zero risk.
11. Load and expense ratio are same thing.
12. Stop Systematic Investment Plan in a falling market.
13. Investing in New Fund Offers are like investing in company Initial Public Offers.
14. Maturity and duration of bond are same.
15. The lock-in rule for Systematic Invest Plans in Equity Linked Saving Scheme funds is applicable from the date of first Investment.
16. The concept of investing for the next 10 years is dead.
17. Higher ratings funds are always better.
18. Exchange Traded Funds and Index funds are not risky.
19. Balanced fund is always equally balanced between equity and debt.
20. What goes down in the market must come up.
21. Dividends are a very important part in investing.
22. It is not a loss until one sells.
23. Stocks of good companies are always a Buy.
24. Sophisticated strategies beat the market.
25. Stock markets are efficient and can be timed for smart gains.
26. Do not buy high NAV fund.
27. Avoid investing in debt fund as it is always taxable even if we do not redeem it.
28. Invest only when markets are rising.
1. Saving and investing is the same thing.
2. Higher returns always mean more risks.
3. An average investor can never invest like rich people do as it requires lot of money.
4. Investing is a complex exercise.
5. Investing is like gambling.
6. Investing requires a very good financial knowledge.
7. In a volatile market, everyone loses.
8. Diversify as much as possible.
9. Systematic Investment Plans always ensure better returns.
10. Gilt funds come with zero risk.
11. Load and expense ratio are same thing.
12. Stop Systematic Investment Plan in a falling market.
13. Investing in New Fund Offers are like investing in company Initial Public Offers.
14. Maturity and duration of bond are same.
15. The lock-in rule for Systematic Invest Plans in Equity Linked Saving Scheme funds is applicable from the date of first Investment.
16. The concept of investing for the next 10 years is dead.
17. Higher ratings funds are always better.
18. Exchange Traded Funds and Index funds are not risky.
19. Balanced fund is always equally balanced between equity and debt.
20. What goes down in the market must come up.
21. Dividends are a very important part in investing.
22. It is not a loss until one sells.
23. Stocks of good companies are always a Buy.
24. Sophisticated strategies beat the market.
25. Stock markets are efficient and can be timed for smart gains.
26. Do not buy high NAV fund.
27. Avoid investing in debt fund as it is always taxable even if we do not redeem it.
28. Invest only when markets are rising.