Gyaan guroovaar
Resolution Time - Happy New Year
Its resolutions time! This new year, make a resolution to stay wealthy & financially fit. Here are some tips:
- Make savings a priority and spend within your means
- Plan your financial goals and determine risk appetite
- Consult a Financial Advisor once a year for portfolio performance review
- Create a safety net of 12 months of expenses as per your circumstances
- Keep a comprehensive list of all asset details. Also ensure to update bank account details, keep one common email address & contact details, update nominee details
- Ensure you have adequate term insurance/family floater cover
- Stay committed and use SIP to beat volatility
- Invest in well-regulated inflation-beating products
- Diversify your investment portfolio across various asset classes
- Refocus on your goals periodically
- Eliminate debt, never live on credit
- Draft a Will to distribute your wealth among your successors
So, as you look ahead to the New Year, take a moment to gain a fresh perspective on your investments. Then plan ahead to meet your financial goals and prepare for unexpected events. After all, your hard earned money deserves to earn you more!
Stay Invested, Stay Wealthy
An Investor Education & Awareness Initiative by HSBC Mutual Fund
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.