Invest or not invest? Are these six excuses stopping you from investing right?
retirement planning in their mid-40s when the goal is in a clear line of sight and demands urgency. Thus, they miss out on crucial years to build the desired corpus," said Ajinkya Kulkarni, Co-Founder and CEO, of Wint Wealth. Finding the right balance between spending today or saving for tomorrow is difficult without a goal.
Undefined goals also breed a lack of discipline. So, even those who start investing without defining a goal risk going off track and halting their investments mid-way, added Ajinkya Kulkarni. The majority of people fear losing their money in the market.
According to Arun Singh Tanwar, Founder and CEO, of Get Together Finance (GTF), nothing is going to last for a long time, especially the downfall in the market. People need to learn patience before stepping into the market. When it comes to investing, the majority of people in India believe in others rather than themselves.
People don’t want to spend time learning and researching, they rely on the calls of others to make their moves. “When these calls go wrong, people suddenly get off the market," said Arun Singh Tanwar. It is important for people to prioritize the basic learnings of the stock market for better saving and investment goals, added Arun.
People believe they need a hefty amount of money to start investing in the stock market. Most people believe one can make quick gains in the stock market. “They invest to take advantage of the short-term opportunities which mostly leads to losses," said Tanwar.
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