• 2 months ago
Transcript
00:00Understanding SIP – 7 Investment Mistakes You Should Never Make
00:10Delaying starting SIP
00:11Delaying SAP investments can impact long-term gains.
00:15When you start earlier, your money has more time to compound, leading to greater wealth accumulation.
00:23Stopping SAP during market downturns
00:25SAP work best when you invest consistently, regardless of market conditions.
00:32Investing without clear goals
00:34Setting goals like retirement, buying a house and children's education will give direction to your investments.
00:43Ignoring fund performance
00:44Not monitoring your mutual fund can be risky.
00:47Regularly check the fund's performance and switch if it consistently underperforms.
00:55Choosing the wrong SIP amount
00:57Setting the SIP amount too high or too low can affect your financial planning.
01:04Lack of diversification
01:06Diversify across different funds and asset classes to enhance returns instead of investing all your SIP in a single fund or sector.
01:17Ignoring inflation
01:18Not accounting for inflation can lead to a shortfall when you reach your investment goals.
01:24Adjust your SIP periodically for inflation to grow your assets in real terms.