4 Common Phrases You Need To Stop Saying To Create Wealth!

1. This time is different!

The point is no one has been able to predict these events, not even an astrologer. So my dear friend, no time is different unless you make it different. Focus on investing in the right stocks.or right funds. If required, hire a credible expert to guide you.

Every Dip is an Opportunity.

2. Will invest tomorrow. What’s the rush!

Rs. 10,000 invested every month at the age of 30 for the next 20 years aggregates to Rs. 75,75,332 at 10% interest p.a. compounded on a quarterly basis.The same amount sums up to Rs. 20,55,685 if invested for 10 years.

Numbers never lie! The sooner you start, the better the rewards. And, “anytime is a good time to start when the rewards are lucrative!”

3. How much return will you get in a year?

Yes, annualized returns and impressive CAGR are always the ultimate objectives of any investor. However, when you are investing in stocks, you are actually investing in businesses. Businesses take time to grow and definitely, that is not a chapter which will last just a year. With returns, the correct question to ask your advisor would be the strength of the fundamentals to stand the test of time in the long run.

4. Let’s buy this fund, if someone said it would be good

There are only three golden rules of investing. 1. Research 2. Research 3. Research. If your friend / relative / broker is recommending a particular stock, check the investment rationale before you put your hard-earned money in the stock.

Congratulations! You have learned all about 4 Common Phrases You Need To Stop Saying To Create Wealth!

Disclaimers:
An investor education initiative By Findola Wealth Research Team.
This article is generated and published by Findola Wealth Research Team.
Investment in securities market are subject to market risks, read all the related documents carefully before investing.

This article is for information purposes only and is not meant to influence your investment decisions. It should not be treated as a mutual fund recommendation or advice to make an investment decision in the above-mentioned schemes.