LONG-TERM INVESTMENT
TIPS FOR MAKING LONG-TERM INVESTMENT MORE PROFITABLE
Published By Livemint
| 05 Feb, 2023
Here's a list of tips to make your long-term investments more profitable
Start your investment journey as early as possible to get great returns
Have patience, the longer your money is invested the more chance it has to grow
Do not try to time the markets by trying to make the most of the highs and avoiding lows
Invest in businesses you understand clearly
Diversify your portfolio by investing in various asset classes like stocks, bonds, etc
Rebalance your portfolio at least once a year as per your goals and risk appetite
Make a cash flow plan as per your financials and stick with it to reach your financial goals