Taking only educated risks

Taking a risk in financial planning is sometimes necessary, but whether the risk is a well educated and researched one is the important question. Taking risks without thinking will be like stepping in to trouble. Indians are more conservative and think twice and collect proper information before they take any risks. Thus, they take a well planned calculated risk wherein the chance of complications are less and help in enhancing portfolio returns in the long run.

Habit of saving

We have seen our parents and grandparents taking care of the savings part really well. Indians hold an inherent foresight and invest their money in savings not only as bank deposits but also by investing in gold, land, and properties.  India’s Gross domestic savings is way higher than many of the leading nations in the world. Thus the western countries can get inspired from our savings habit.

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