1. Buy the shares on the assumptions that they could close the market tomorrow and will not open for next 5 years. i.e. buy the shares for long term gains.
2. Some days you will get offered great price and other days horrible deals. Your job is to know when its bad deal ?
3. Learn the importance of patience and individuality. Anytime you find something like massive returns usually means massive risk.
4. Patience is truly virtue. Take your time, don't try to get rich overnight. Never break your rules.
5. Individuality - Think of yourself, that's what all the investors do !
6. Line by Warren Buffet - I have often found that, if I was doing what everyone else was doing ....! Then I was probably doing it wrong.
Different Investment Options to diversify your investment portfolio -
1. Stocks - buy shares
2. ELSS - Equity linked saving schemes (eligible for tax savings)
3. SIP - Systematic Investment Plans in mutual funds
4. Buy Commodities - Gold ETFs, Silver.. etc
5. Public Provident Fund
6. FD - Fixed deposits
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