Investment: Who is a successful investor. He should take care of his investment. The portfolio should be checked from time to time and the circumstances are there. Accordingly, the right decision should be taken. Too often we don’t pay attention to portfolio shortfalls. Because of which we go into loss, then let’s know. Some things which are very important to keep in mind. Otherwise, you can lose a lot of profit made by you.
Why invest money in expensive instruments
With the popular investment option that has been going on. Don’t ignore it. Which are traditional insurance plans. They also come with a higher cost. This is a part of your premium in the initial years. They eat it. The cost of premium in the first year can range from 70 percent to 90 percent and when every renewal takes 15 percent to 20 percent. Also, the plans that are made. Come with hefty surrender plans that allow you to make premature withdrawals. Makes it expensive. In comparison, ULIP plans come with shorter tenure and embedded costs.
Take care of the liquidity
Whenever any investment portfolio. If we pay attention to it, then the liquidity in it. Particular attention should be paid to that. Investors are very conscious about returns and safety. But when it comes to liquidity, they forget it. which is your portfolio. There should be sufficient liquidity in it at any point of time. You never know when a financial emergency may strike you.
take risk wisely
If you own your portfolio. If you are not paying attention to it for a long time, then you are putting yourself at risk. The risk profiles of investments keep changing over time. If we look at mutual funds, then they keep changing mandates and go into different profiles. He himself who is the original risk profile. They don’t keep you tied to him. For this reason, if there is any change in the risk profile of your investment, then you should pay attention to it and take the right steps.
more tax will reduce your return
Which is investment income. High tax liability in that is one such mistake which is often seen in the portfolio of many people. Many people do not pay attention to the tax liability at the time of selecting the investment option, which results in higher tax returns later. They remain less. For this reason, whenever you choose the option of investment. It must be noted that the amount of investment, interest or maturity. What are the tax liabilities on him, what are they becoming.
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If these things are not taken care of then there will be a decline in the portfolio
A successful investor. He should take care of his investment. The portfolio should be checked from time to time and whatever the circumstances are. Accordingly, the right decision should be taken.
Story first published: Sunday, November 13, 2022, 9:05 [IST]