Do you plan and invest or you invest and then plan?
Just like 'You should think before you act,' you also need to plan before you invest!
February 21, 2012 / 03:54 PM IST
Sounds confusing? Little introspection and you get the answer.
I am sure most of you would be implementing the second option i.e. invest first and then plan accordingly to meet your future goals. People invest in different asset classes and investment options; and then plan to allocate those investments for achieving their goals. This is the most common mistake investors make. The right strategy and option is to plan for your future goals and then invest accordingly for achieving it successfully.
Like Mr. Shekhar who is keeping all his savings in fixed deposit which, he plans to utilize for his daughter