Wrong advice can upset money goals
- Wrong advice can upset money goals
- The longer you take to fix your mistakes, the more difficult it becomes to achieve your financial goals
Bengaluru-based Shamba Ghosal, 38, started working in 2004 and was advised by his parents to invest in traditional insurance policies. Until 2015, when he learnt about mutual funds, traditional insurance policies were his only investments. “A few of my friends were investing in mutual funds but by then it was too late because I’d already parked a large chunk of my money in LIC without evaluating the real returns," said Ghosal, a business process consultant. Though not in a big way, Ghosal started investing in mutual funds, but didn’t really put too much thought into picking the right funds. He went with the funds that an online platform recommended.
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