Key Points
Retail investors may get swayed by looking at numbers in isolation without considering past events and likely future situations..
'Investing by impulse' is not the right approach in the long term.Agencies..
Worse, some even make the mistake of investing their hard-earned money in such times without diligence, only to regret later...
"Now, if a person is investing just because the Sensex is at an all-time high, he's giving in to recency bias," the fund industry veteran said..
"Holding your investments for a long period of time and using the SIP route can help one create wealth in the long run," said Mukund Seshadri, an AMFI certified MF distributor.Wealth managers and financial planners also warned that with the Lok Sabha polls slotted for mid-2024, volatility in the stock market could increase.. Read More News on..
You might be interested in
Bull run: Don't ride FOMO wave
06, Dec, 23India Business News: The sensex and Nifty are at record highs, causing retail investors to consider investing. However, industry experts warn against investing impulsively