Starting your investment journey is exciting but also filled with potential pitfalls. Avoiding these common mistakes can save you time, stress, and money.
Mistake #1: Not Having a Goal
Investing without a clear goal is like driving without a destination. Define your purpose – retirement, home, education, etc.
Mistake #2: Ignoring Risk Profile
Everyone has a different risk tolerance. Don’t invest in high-risk funds if you can’t handle volatility.
Mistake #3: Timing the Market
Trying to buy low and sell high sounds smart, but it rarely works. Use SIPs to average out costs over time.
Mistake #4: No Diversification
Putting all your money in one stock or fund is risky. Diversify across sectors and asset types.
Mistake #5: Not Reviewing Investments
Once you invest, don’t forget it. Track performance at least every 6 months.
Final Advice
Learn continuously, stay patient, and focus on the long term. Mistakes are common, but learning from them is key.
