Valentine’s Day 2024: Five key money lessons one can learn from it
Valentine’s Day, most of us are likely to be busy working to bring a smile on the face of our loved ones. Some may be wracking their brains over finding the perfect gift while others are letting their creative juices flow by writing an impressive piece of poetry for their current or would-be partner. Although love typically knows no boundaries of days, this much-awaited day in the month of February — is a stark reminder of the importance and potency of love.
The world of investing, too, can learn a lot from this day. Here we share the importance of Valentine’s Day for investors. The right price: Some love birds walk an extra mile to please their partners by spending more than they can afford to.
They dip into their savings, or at times, overstretch their credit card limits to buy expensive gifts. This practice, however, is not very advisable. As an investor too, it is not prudent to go beyond your financial means to procure the things you love.
Whether it is about buying a new gadget or investing into a risky stock, one should stay within the means instead of overspending. It is often said that no stock is a ‘good buy’ beyond a price. ALSO READ: Valentine's Day stocks: ITC, Titan, Zomato, among seven stocks to watch out for Commitment to one: Valentine’s Day is a day to commemorate your love for one person.
This signifies commitment and loyalty to just one individual. Similarly, while making investment, it is imperative that you stay committed to your financial goals. Regardless of how much other securities and brokerage houses are offering, one should stay committed to their own financial plan and not change their portfolio every now and then.
Read more on livemint.com
