CLOSE X

Debunking Common Myths About Investments for Financial Success

Aug-28-2023Blog by – Mr. Dhruv AjmeraRead Time: 4 Min.Word Count: 521
109Debunking Common Myths About Investments for Financial Success
Is your financial progress stuck at one point? The chances are that your limiting beliefs are preventing you from creating wealth. Successful investors made their money because they had a positive mindset about investments.

Let’s debunk the top five investment myths for you to step ahead in your financial growth.

Myth 1: Savings are the Best Way to Secure Future
There is no denying that you must save regularly from your income for financial security. However, the problem arises when you let your savings sit idle in the bank or store it as hard cash in your locker.
You should rather make your savings work through investments in various debt and equity instruments. These investments will you give income or profit that you can re-invest to earn more money.

Myth 2: Investing is Only for Rich People
You need money to make money. Yes, that’s true. What’s not true is that you don’t need a lot of money to begin your investment journey. You can start investing with as little as Rs500 in stocks or a Systematic Investment Plan (SIP). So, even if you have a low income or just begun your career, or are a housewife or a student, you can become an investor.

Myth 3: Fixed-Income Instruments are the Safest Bet
The believers in this myth are most likely to invest their savings in fixed deposits, post office schemes, public provident funds, etc. The general assumption is that these instruments give fixed returns and carry zero risk of loss. However, these fixed-income instruments give lower returns, especially after considering the inflation rate. They also carry some degree of risk. On the contrary, investments in mutual funds, bonds, equity stocks, or debt securities yield better returns in the long term.

Myth 4: Stock Market Investment is Too Risky
While it is a fact that the stock market risk meter is prone to fluctuations, you can offset it with calculated risks. There are several investment options that you can consider as per your risk appetite and budget. You should view the stock market as a way to diversify your investment portfolio to maximize returns and minimize risks. If you are still apprehensive, you can try investing in mutual funds or SIP. You can track the daily Net Asset Value (NAV) to assess the returns. You can then move on to debt or equity stocks as per your comfort zone.

Myth 5: You Should be an Expert to Invest in Stock Market
This is one of the most common myths about investing but not true. Whether you are an amateur or an experienced investor, you are always required to research stocks and monitor their performance regularly. There are ample online and offline resources available these days to understand how the stock market works.

Conclusion
Financial growth is possible only when you allocate a part of your savings to stock market investment without any doubts or fears. You can seek the professional expertise of Ajmera x-change, a leading stock market and mutual funds investment advisor. We can help you manage your money with more confidence and recommend options as per your investment goals.
Rate & Review:GoodOkNot Good

Leave Your Comments

Your Comments
Name
Email
Comments
No comments found

Open Demat Account

ATTENTION INVESTORS KYC IPO

Escalation Matrix

Details of Contact Person Address Contact No. Email Id Working Hours
Client Servicing / Customer care Suresh Munge 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628913 suresh_munge@ajmera.co.in 10:00 am to 6:00 pm
Head of Client Servicing Mr. Dhanesh Bendre's 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628915 dhanesh_bendre@ajmera.co.in 10:00 am to 6:00 pm
Compliance Officer Ashish Ajmera 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628888 ashish@ajmera.co.in 10:00 am to 6:00 pm
CEO / Whole Time Director Ashish Ajmera 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628888 ashish@ajmera.co.in 10:00 am to 6:00 pm

In absence of response/ complaint not addressed to your satisfaction, you may lodge a complaint with CDSL at https://www.cdslindia.com/Footer/grievances.aspx or SEBI at https://scores.gov.in/scores/Welcome.html. Please quote your Complaint Ref No. while raising your complaint at SEBI SCORES/ Depository portal.

Group Companies Members of BSE, NSE, MCX, MSEIL, CDSL, Broking Services, Depository Services
BSE Clearing No.: 911 | NSE Clearing No.: 11858 | MCX Clearing No.: 10665 | MSEIL Clearing No.: 11400 | CDSL DP ID: 30300 | SEBI Regn. No.: IN-DP-715-2022 | SEBI Reg No.: INZ000177531 (Cash/F&O/CDs/MCX)

Attention Investors
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 and BSE vide notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 dated August 31, 2020 and other guidelines issued from time to time in this regard
5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors

© Copyright 2022 Ajmera Associates Ltd
Designed, Developed & Content Powered by  Accord Fintech Pvt. Ltd.