Worst Financial Mistakes

Worst Financial Mistakes

#1. Not buying Term Insurance early in life.

#1. Not buying Term Insurance early in life.

Term insurance is a product that the earlier you buy, the lower premium you pay. The premium remains the same for the entire term of the policy.

#2. Investing emergency funds in the stock market.

#2. Investing emergency funds in the stock market.

The emergency fund is only for emergencies and should not be used to generate returns even though the stock market looks very lucrative.

#3 Stopping an existing SIP.

#3 Stopping an existing SIP.

SIP is the best product for long-term investments. It best serves the purpose when investment continues through the different cycles.

#4. Disturbing the asset allocation.

#4. Disturbing the asset allocation.

Asset allocation should be influenced by risk appetite & not the market movements.

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