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Summary:
Common mistakes made by mutual fund investors and insights into the performance of mutual funds over the years :
1. Chasing Best Funds: Trying to invest in the top-performing mutual funds each year doesn't necessarily lead to better returns, as historical performance doesn't guarantee future success.
2. Fund-First Approach: Selecting mutual funds solely based on past returns without considering risk appetite, goals, and diversification can be a mistake. Asset allocation should be tailored to individual needs.
3. Not Rebalancing: Failing to periodically adjust and rebalance a portfolio can lead to overexposure to certain assets, potentially increasing risk.
4. Timing the Market: Attempting to time the market by investing only during market highs or lows can lead to suboptimal returns. Consistency in investing is key.
5. Lack of Patience: Investors who stop investing in mutual funds during market highs or lows may miss out on long-term growth opportunities.
6. Desire for the Next New Thing: Constantly seeking new investments rather than sticking to a well-structured portfolio can lead to inefficiencies.
7. Zero Research: Investing based solely on past performance and without understanding fund categories, constituents, and fund manager history can result in poor portfolio choices.
8. Ignoring Taxes & Charges: Not considering taxes and charges, such as expense ratios and exit loads, can impact overall returns. Tax implications vary between debt and equity mutual funds.
9. Other Noob Mistakes: Additional mistakes include choosing IDCW over Growth funds, chasing New Fund Offers (NFOs) without a track record, and overemphasizing NAV and expense ratios over actual returns.
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Mutual fund Mistakes that are Stopping you From Creating Wealth
Chapters
0:00 Intro
0:29 Chasing Top Performers
3:46 Fund First Approach
4:38 Portfolio rebalancing
5:00 Timing the market
5:52 Lack Of Patience
6:57 The Next New Thing
7:29 Zero Research
8:56 Taxes & Charges
11:08 IDCW
11:28 NFO
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Useful Information Boosan, Personal Finance Tamil, Productivity, Self improvment
Boosan
7 авг 2024
