Even a single fund in itself is a diversified portfolio of around 30 or more stocks. Well, the current circumstances have made the 'time' excuse irrelevant, so if you too are caught up with more than what's 'required', then now is the time to get on to the task of organizing your portfolio.įor most investors, this would mean trimming down the number of funds in their portfolios. As collecting funds is simpler than reorganizing the portfolio, the time to clean it up never really comes. Most investors start with only a few funds but over a period of time, they keep on adding more and eventually end up being more of a collector than a genuine investor. You can use the tools and calculators easily available on Value Research Online to get answers required in building your financial plan. Dividing your investments into various goals not only gives greater visibility but also a superior sense of control.
If you already have investments, assign them to different goals. Further, explore the best possible parking vehicles for the same.Analyse how much you need to save and invest to achieve each of them.Consider classifying the goals into near-term, mid-term and long-term. A smart investor is the one who focuses on listing out the goals for which he/she is saving. Discuss with your family and spend time thinking about your goals.You can devise a plan based on the following: If you have been saving for long then spend time evaluating if you are saving enough. Take the lockdown as a blessing in disguise, rework on your thesis and create your financial plan. Such is the case with an investment voyage. The most important aspect of any journey is whether you have an itinerary or not. Here we list out five things you can do in this situation that can help augment your financial health. The current situation of being home bound presents all of us with an opportunity to think about things which we would otherwise keep postponing. There are piles of visible negatives however, there still are hidden bright spots. Forcing economies to shut down, Covid-19 has created quite a bit of commotion. We've often heard that great changes are preceded by chaos.
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