| No goal |
It’s like being aimless, like a ship lost at sea. |
Having goals, helps make one choose the appropriate investment decision. |
| Speculation |
It’s like betting, where you ultimately almost never win. |
Invest for the long term, it helps you achieve your goals and also gives your portfolio the recovery it may need on account of certain market corrections. |
| Starting late |
It’s time lost which will not come back, resulting in significant loss of opportunity to create wealth. |
Starting early is like half the battle won. The earlier you start, you make better use of the power of compounding to boost your returns. |
| No diversification |
It’s like putting all eggs in one basket. A dangerous way to invest, putting most of the capital at the risk of a permanent loss. |
By having a diversified portfolio you make sure that no one type of investment determines the success or failure at achieving your goals. |