Common Mistakes Beginners Make in SIP
Many beginners make mistakes that reduce SIP returns. Avoid these common pitfalls:
Stopping SIP During Market Dips
Market fluctuations are normal. Stopping SIP means missing out on long-term gains.Investing Without a Goal
Always have a financial goal – retirement, education, or wealth creation.Choosing Funds Without Research
Pick funds based on long-term performance, not short-term returns.Not Increasing SIP Over Time
As your income grows, increase your monthly SIP to maximize wealth creation.Expecting Quick Returns
SIP is a long-term investment strategy. Patience is key.
Remember: Consistency beats timing the market.
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