6 Blunders You Should Avoid To Achieve Your Investing Goals

Do you have a purpose behind your mutual fund investments, or are you putting in money aimlessly? If it’s the latter, it’s time to pivot to goal-based investing. Goal-based investing is the investment strategy where you align your investments with your financial goals within a specific timeframe. However, before you carry out goal-based investment, here are six key don’ts you must keep in mind. Don’t set unrealistic goals: We all have grand financial objectives we aspire to reach. Daydreaming is fine, but when it comes to planning your investments, keep it grounded in reality. Factor in your current income, expenses, and debts. Also, never neglect the timeline for each of your financial objectives. Don’t chase trends: In this era of information overload, it is easy to get lost and invest in current trends. You might want to try out the new fad your friend...