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10 Smart Moves To Help You Maintain Investing Hygiene

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10 Smart Moves To Help You Maintain Investing Hygiene
10 Smart Moves To Help You Maintain Investing Hygiene
1. Don’t Fall For Fads And Finfluencers In September 2021, when Bitcoin prices crossed $65,000, cryptocurrencies became part of living room conversations. It became a craze to invest in them as they were seen to have the potential for earning quick and high returns. Soon after, financial influencers or finfluencers were seen pushing products offered by certain crypto trading platforms on social media. For instance, four popular finfluencers were seen promoting curated products of Singapore-based crypto platform Vauld, which suspended its operations in June, leaving several investors in the lurch. As of August 2022, Bitcoin is hovering at $24,000, and several investors have burnt their fingers. Examples of following an investing fad were also seen during the dotcom bubble in 2000, when people flocked to related Information Technology stocks blindly. The bust that followed wiped out several investors’ money. Says Abhijit Talukdar, a Sebi-registered investment adviser and founder of Attainix Consulting, an advisory firm: “If you don’t consider the suitability...
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