I would implore readers to bust these mythical 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.
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. SIPs always ensure better returns.
10. Gilt funds come with zero risk.
11. Load and expense ratio are same thing.
12. Stop SIP in a falling market.
13. Investing in MF NFOs are like investing in company IPOs.
14. Maturity and duration of bond are same.
15. The 3-yr lock-in rule for SIPs in ELSS 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. ETFs 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. High NAV means fund is costlier, hence buy NFO.
27. Avoid investing in debt fund as it is always taxable even if we do not redeem it.
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.
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. SIPs always ensure better returns.
10. Gilt funds come with zero risk.
11. Load and expense ratio are same thing.
12. Stop SIP in a falling market.
13. Investing in MF NFOs are like investing in company IPOs.
14. Maturity and duration of bond are same.
15. The 3-yr lock-in rule for SIPs in ELSS 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. ETFs 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. High NAV means fund is costlier, hence buy NFO.
27. Avoid investing in debt fund as it is always taxable even if we do not redeem it.