Investing For Long Term? 5 Personal Finance Blunders You Must Avoid

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Long-term investments require discipline to create a corpus optimal enough for your goals. Here are 5 mistakes to avoid in your investment journey

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1. Irregular investing 

Make investing a habit. Save and invest every month, not sporadically. Regular investing allows compounding to grow your corpus.

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2. Overspending 

Do not squander your savings. Make a budget and stick to it.

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3. No tax planning 

Income tax rules allow tax-saving investments which lower your tax liability. Plan your taxes else they will eat into your savings.

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4. Concentrated investments 

Investing only in one or two asset classes is risky and limits returns. Diversify your portfolio to avoid these possibilities

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5. Not reviewing the portfolio

 Not monitoring your investments might jeopardize your financial plan. Review your portfolio to correct any deviations

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Metra Trust makes it easier to build your savings and track your finances. Embark on a rewarding financial journey with us.

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