Attended a clubhouse talk on:
"Common Investing mistakes" hosted by
Hena Mehta @hena1220 co-founder of Basis with
Aditi Kothari Vice Chairperson DSPMF &
Kalpen Parekh @KalpenParekh MD-CEO DSPMF
moderated by Dipika Jaikishan @dipikajaikishan
🧵 on key learnings:
@getbasis
@dspmf
A common investing mistake:
Taking out money when market falls!
Reason:
~ It's difficult to get in once you get out
~ If you manage to get in you will be late and lose the rise in the market.
Don't exit when market falls, neither stop the SIPs.
What's important for an investor?
Avoid being a bad investor; than worrying about being a good investor.
Basic mistake in investing:
Not knowing why we are investing!
We often invest because:
~ Others are doing it
~ We see the particular asset class is popular
But we don't understand the asset class
Wrong reasons for investing in asset class!
Gold : Because of family culture or as a symbol of inter-generational wealth.
FD: Because it's safe
Equity : To double money quickly!