6 bad money habits that investors should give up

THE ECONOMIC TIMES Tue, Aug 06, 2019 | 08:33 AM IST ET Wealth Newsletter

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6 bad money habits that investors should give up Some habits can exact a heavy toll on your finances. We look at a few common ones that you should give up. The primary goal of investing is not to invest but to sell: View These are stressful times for all investors. They must remember that some of the worst decisions are made in such situations. ITR verification: Here are 6 ways to do it After filing your return if you have not verified it within 120 days, then it will not be considered as valid. Should a senior citizen opt for reverse mortgage to get regular income? Reverse mortgage enables senior citizens to convert their one big asset —their home—into a source of regular income without giving up ownership. Can Biocon beat giants in cancer-drug race? Amgen upsets Biocon/Mylan by launching a biosimilar of trastuzumab first. But Biocon is unfazed. What lies ahead for the auto industry The auto industry is in the doldrums. While inventory levels are slowly improving, muted demand is keeping dealers on their toes. The festive season starting 11 days earlier this year will offer small help. The clock is ticking on Mumbai Metro India's financial capital will have to make a difficult choice between sacrificing a chunk of its already-depleting green cover and an INR23,136 crore public-transport project that can ease traffic on its roads. From our Partners How to borrow money and benefit from it? From our Partners What are NPAs? Here's how bad loans can affect a bank's finances Is work stressing you out? Here are 9 ways to deal with it Are you suffering from stress at work? What you feel is real, but you also have the power to alleviate your suffering. Here's how. Retiring soon? Here are 6 ways to ensure you're not a burden on your children As we dislike the American system of extreme independence for the elderly, we have to find solutions within our cultural context. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth -4.88 5.52 1.24 13.64 Axis Bluechip Fund-Growth -4.97 4.85 -0.10 12.21 Sundaram Select Focus Fund Institutional-Growth -6.52 3.61 -1.26 11.23 Mirae Asset Large Cap Fund Direct- Growth -7.28 1.07 -0.74 11.08 Mirae Asset Large Cap Fund Regular- Growth -7.36 0.52 -1.78 10.14 FeaturedDSP Midcap Direct Plan-Growth ★★★★★ -7.55 0.30 -10.26 6.25 Start SIP Invest in reliable outperforming mutual funds: Here are 8 of these These funds tend to score well on risk-adjusted metrics and hold dependable stocks in their portfolios. Understand difference between large-cap, mid-cap and multi-cap mutual funds when investing Unlike large & mid cap mutual funds, multi-cap funds have the freedom to invest in any proportion across market capitalisations.

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Health matters more than wealth in India: Report Following a healthy lifestyle and forging a stronger bond with family take precedence over more materialistic goals. How investors of different ages should handle money Depending on your age, find out the habits you should make friends with and those that you must steer clear of. Why investors should start booking profits in tax-free bonds HNI rush has led to a spike in bond prices, offering a lucrative selling opportunity to ordinary investors. In need of emergency funds? You can take a loan against these 10 financial assets Here is the list of 10 assets against which you can take a loan instead of depending on personal loans. All you need to know about investing via flexi mutual fund SIP While investing in mutual funds, you can put in a fixed amount at regular intervals. You also have an option to opt for something called flexi SIPs. How financial data aggregator Sahamati can help individuals Upcoming platform will allow aggregation of individual's financial data across service providers for sharing with third parties. ET Wealth provides a snapshot. Evaluate problems of entrepreneurship carefully before starting own business Running a business requires you to handle multiple functions. You do everything from marketing to sales, from R&D to managing finance and even HR. Family finance: Why Senthil need not make fresh investment to achieve money goals His goals include building an emergency corpus, buying a car, saving for his children's education and weddings, and his own retirement. 5 things you should know about liquidity risk in investments Liquidity risk means that it is difficult to sell an investment when desired, or it has to be sold below its fair value. Realty Hot Spot Series: What makes this affluent Delhi neighbourhood a prime locality The area is well-known for premium malls such as DLF Promenade, Ambience Mall, DLF Emporio & Vasant Square Mall. Tax optimiser: NPS and perks can help Sinha reduce his tax outgo by Rs 40,000 ET Wealth tells readers how they can optimise their tax by rejigging their income and investments. MF portfolio doctor: Why Lopes needs to reduce his retirement corpus by half The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and recommends corrective measures. Stock pick of the week: Why analysts think ACC is an attractive investment option Stable volume growth at a time when volumes have fallen across the industry, strong margins, high capacity utilisation, no debt burden and a large cash pile have made it favourite. Alternative investment returns monitor: For the week ending July 31, 2019 Here's a weekly tracker of returns from alternative investments. But don't compare these with traditional investments as purpose of such investments is vastly different.

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