CLOSE X

Blogs

What are the Habits of a Good Investor?

Mar-08-2022Blog by – Mr. Ashish AjmeraRead Time: 3 Min.Word Count: 525
359What are the Habits of a Good Investor?

Are you looking for ways to grow your wealth and reach your financial goals? You need to first understand that there is no easy or quick option to make money through investments. You have to cultivate good habits over a period of time so that you can become a good investor.


Here are six habits that can work in your favor:


  1. Create a Financial Plan


A financial plan is the foundation of the success of your investment. It helps you to define your investment goals, set realistic timelines to achieve them and decide on the best financial instruments to invest in. For example, if you want to buy a 3BHK house (goal) in Mumbai within five years (timeline), a hybrid mutual fund (financial instrument) could be a good option. You can even consider taking advice from stock brokers in Mumbai to draft a suitable financial plan.


  1. Start Investing Early


There is often this misconception that the right age to invest should be in your 30s or 40s. It is always advisable to start as early as in your 20s, once you have a source of steady income. When you start early, it gives your money sufficient time to grow and generate wealth. You can build a significant corpus by the time you retire.


  1. Diversify Your Investment Portfolio


Financial experts often say ‘don’t put all your eggs in one basket. This means that you should never invest your entire money in one financial instrument. Rather, you should diversify it across a mix of equity and debt instruments. This will help you maximize the returns and minimize the risks. You may want to consult a share market advisory company to understand portfolio diversification in detail.


  1. Choose the Right Investment Option


The choice of investment depends on the following three factors:


  • Investment goal (buy a car, build a retirement corpus)

  • Investment horizon (short-term, medium-term, long-term)

  • Investment risk appetite (conservative, risk-taker)


Depending on these factors, you can choose from equity stocks, mutual funds, debt funds, fixed deposits, PPF, gold, etc. 


  1. Set Aside an Emergency Fund


An emergency can strike anytime, anywhere, and in any form. You need to have contingency money to face it. Just imagine that you have invested all your money with no immediate cash to spare. Don’t make this mistake as an investor. Always maintain an emergency fund equivalent to 3-6 months’ salary for a financial crisis.


  1. Invest Regularly


You need to be a consistent investor if you want to get stable and rewarding returns. No matter how the markets are performing, you should invest at regular intervals to reap the benefits of rupee cost averaging and compounding interest factors.


Investing is no child’s play. You need to have adequate expertise and experience to ace your investing decisions, especially if you are putting your hard-earned money in stocks. The stocks are vulnerable to market fluctuations. Hence, it is advisable to take guidance from a registered and reliable broker. These days, you can also easily find an online investment broker to manage your investments from the comfort of your home or office.


The above-mentioned habits will go a long way in making you a disciplined and good investor.


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.