4 Investment Myths Busted
Bangalore: Investing is an eternal enigma, forever surrounded by myths. But believing in a few myths can spell disaster for your investments. So, here are 4 myth busters of investing, as given by Personal FN –
Myth 1 – “I’ve Made My Tax Saving Investments. So, My Job is Done”
People who want to invest but are not too serious about it belong to this category. This is a classic mistake made by investors. Saving on taxes is a good way to save money but it is not the end of investing. There are way more things to be looked at while investing and not just taxes, like – returns (fixed vs. variable), risk and duration. Moreover, you should break free from the habit of waiting till February or March for seeking tax deductions. As it is still April, you should plan all your investments keeping tax deductions in mind and not wait till the 11th hour.
