1st Nov 2023
In the investment world, luck often plays a bigger role than skill. But there are a few things you can do to increase your chances of being lucky.
First, be prepared. The more you know about the markets and the different investment options available to you, the better equipped you will be to make informed decisions.
Second, be patient. Don't try to time the market. Instead, focus on investing for the long term and let your money compound over time.
Third, be diversified. It does not mean for name sake. Just do not spread your money across different asset classes and sectors to reduce your risk. However, knowing your risks, time bound goals and cash flows.
Finally, be disciplined. Stick to your investment plan, even when the market is volatile. Don't let emotions get the best of you. 😊
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