4. Gain more by investing in direct plans: Direct plans were a big hit in 2013. These plans are similar to regular plans just that they have lower charges. Are you thinking of investing on your own? If you are confident enough then it is better to move your investments to a direct plan. But before moving your investments you should be aware that if you shift your regular plan before a certain period then you might be carrying an exit load (a fee or an amount charged from an investor for exiting or leaving a scheme or the company as an investor), also check out for the capital gains tax as you shift your scheme it is considered as a redemption. Choose schemes according to their ratings and performance.

5. Avoid invest in gold: Gold prices crashed down last year, but Indian gold investors were not much affected as when the value of dollar increased the gold prices also increased. Many financial advisers are advising to buy paper gold for more benefits. The biggest reason behind turning your investment from gold to paper gold  is because paper gold not only offers the convenience of holding the yellow metal in an electronic form with greater price transparency and purity but also avoid the risk of storage and theft. Getting gold from abroad for a jeweler may seem a great way to earn easy money, but you might end up in trouble when the tax department want to know the source of money to buy gold from. Since this involves profit, you would also have to pay tax on the gains.

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