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I hope that you had an amazing FY 2018-19 . We are here to give you short and crisp financial advice so that you can make your money walk an extra mile.
As we bid goodbye to FY 2018-19, let's commit to ourselves to make FY 2019-20 more rewarding by practicing the following 3 behaviors:
1. Set clear expectation (Return): Before investing in any asset class, have clear & reasonable expectation about the rate of return (CAGR).
For eg. CAGR to expect from Equity is 12% to 16% in the long term, from Debt it is 7% to 9%, etc.
Quick tip: 7% CAGR means doubling your money in 10+ yrs & 12% CAGR means doubling your money every 6 yrs. So if you can consistently earn 12 to 15% CAGR you are amongst the top 5% Indians who are earning this kind of return.
2. Focus on Risk adjusted Return : While Investing don't focus only on Return. Return comes from the Risk. Don't ignore the Risk associated with Return. Manage and try to minimise the risk and focus on Risk adjusted return. Don't forget that NEVER LOSE MONEY.
3. Consistency and discipline comes from within : Did you have any new year resolution for your Health in the beginning of 2019? Are you still following it 3 months down the line?
If yes, Kudos to you. Follow your new-year resolution till the end of the year. If not following, start Investing in yourself and take time out to follow your resolutions as Health is Wealth.
Wish you have a Health & Wealthy Financial Year 2019-20.
Keep learning and sharing your knowledge with fellow members and do remember to check our best shares for intraday trading tomorrow and start taking home your profit every day.
