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January 2019
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IMPORTANT FINANCIAL DO’S & DONT’S

There are few points , which should be avoid by a investor to protect his/her wealth. Please DONT do these and if you are doing then STOP this immediately….have a look on important do’s & donts to prevent your hard earned money from errosion..
1.*Dont* delay your retirement planning. Remember there is a huge difference between investment and inssurance…please DONT choose any inssurance linked penssion plan or retirement plan.
BEST WAY for this is a SIP with calculated amount requires at retirement.
2. *Dont* invest in LIC / INSSURANCE policies for investment purpose
Policies offered by near relatives just for the sake of it. Most of them are doing it to earn commision and are complete rip-offs.
BEST WAY for Wealth creations are equities in form of mutatual funds, for conservative investors debt fund, ppf are good options
3.*DONT* pay minimum due amount on your credit cards every month. pay complete bill every month. BEST WAY to pay total amont due prior 5day of due date.
4.*DONT* buy consumer goods on EMIs.
BEST WAY is to save first and then buy later once you have enough money.
5.*DONT* invest in quick rich schemes like MLM (multi leval marketing)schemes. Most of the people are not cut out for that kind of work and in the end you will lose your friends,relations because they run away. Its just a matter of time.
BEST WAY is to earn hard and invest wise across diversified asset class with the help of a good financial consultant.
6.*DONT* lend money to friends,relatives .After that only one thing will come out of it and that is relationship gone sour.
BEST WAY is give money only those pesons from where you never expect to get money back
7.DONT play in intraday,FnO and options as only handful(2–5%) of investors speculator beats the market .
BEST WAY. find fundamentally good stocks and remain invested for long durration , for wealth creation.
8.DONT use inssurance policies for TAX SAVING purpose.
BEST WAY to tax save is ELSS MUTUAL FUNDS, SIP..where lockin period is of just 3 years and you can use the fund after that as and when required

Happy investing
Jay Bhatt
9300730004