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Goal Based Investing: Everyone invests to meet their future needs and goals. But current expenses and sudden difficulties start rocking the boat of their investment portfolio. The result is that the goal is not being achieved. To prevent this from happening, every investor should make goal-based investments.
Adopt the right investment method for your goal: It is beneficial to invest separately for each goal. Investing based on the time frame of the goals will also achieve the goals and generate capital easily. If you want to invest in low-risk instruments, you can invest in FDs, bonds, liquid funds, etc. If the risk tolerance is high, you can invest in shares, mutual funds and ETFs.
Check your investment portfolio regularly: Periodically check your investment portfolio and assess whether it is giving returns based on your set goals. Rebalance the investment portfolio according to your goals and risk appetite.
Automated investing: Take advantage of the facility of direct transfer of investment capital from your salary. So you don't have to rush to deposit capital for investment again and again.
Maintain discipline towards investing: If you are planning to invest, then be disciplined towards it. That is, invest regularly after starting investing. Allocate capital separately to avoid crowding in financial crises. So that the discipline of investment is not broken.
Keep an eye on investments: Always be cautious while investing. You evaluate investments keeping in mind various goals. Make sure how your investment is performing.
Consult an expert: As far as possible, while planning your investment, you should invest based on the advice of a financial advisor. Because, it is not possible for us to know everything about many investment avenues. Therefore, you can take advice from an expert and plan your investment by determining your goals and risk taking capacity.
