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Things not to do in the volatile market
- Don't check the value of your long-term investments on a daily basis
- Don't stop your SIPs in equity funds
- Don't try to wait for a market correction to begin investing
- Don't ignore fixed income if you think there's opportunity in equities, every asset class has its own value
- Don't begin putting money in equities till you have adequate insurance and reasonable emergency funds
- Don't overlook tax-saving investments, money saved is money earned
- Don't ignore equities if you're retired, it's the best way to beat inflation
- Don't put your money in unit linked insurance plans and such, it's not your duty to make the insurance sellers rich
- Don't think of gold as an investment, buy it only for consumption
- Don't invest in sectoral or thematic funds, diversification earns more rewards
- Don't dabble in stocks directly if you don't have the time, knowledge or understanding of the markets
- Don't blindly follow everything listed here, understand what fits your needs best