Top 10 investment mistakes to avoid: Here is how you can avoid pitfalls
Starting to plan your finances is just the first step to making money and alongside that is the fact that you should start early. Many times people start their investment journey only to discover their mistakes later. This can hurt. In the world of investment, more than what to do, what not to do also holds equal importance. To help you with that, we have compiled a list of things that you must never do while investing:
Making an investment without a proper goal.
Reviewing your portfolio frequently or not doing it at all. Make a balance.
Avoid thematic or sectoral funds because if tide turns, there is no way to make good on your losses.
Making an investment without listing nominees.
Don't run after low-NAV schemes.
Avoid investing in same category funds for different fund houses.
Stay away from long-term lock-in mutual funds.
Never halt your SIP investment during market correction.
Do not borrow to fund your investment.
Do not make frequent changes in your portfolio.