108 Mantras For Financial Success

Contents: SECTION 1-Procedural:1. Read The fine print before you sign. 2. Evaluate your advisor/relationship manager. 3. Power of attorney POA.…Give responsibly. 4. Give clear instructions to your advisor/relationship manager. 5. Never pay cash to your advisor /agent. 6. Avoid dealing with multiple banks and brokers. 7. Demand draft/Delivery Instructions…don’t let it slip. 8. Be on time…even for payments. 9. Statements,contract notes …Trust but verify. 10. Safeguard your documents. 11. Suspicious movement? Investigate! 12. Right complaints….write complaints! 13. Password ..your top secret. 14. Keep your profile updated. 15. Complete formalities while closing your account. 16. Technology is an enabler. 17. Be aware of online risk. 18. Credit cards:Safeguard Against Fraud. SECTION 11. Financial planning: 19. In investing, it pays to start early. 20. Port folio manager …Choose with care. 21. Make an investment plan. 22. Assess your risk appetite. 23. Invest with a long time perspective. 24. Save For the raing day. 25. Buy value with margin of safety. 26. There is no free lunch. 27. For major expenses ,plan in advance. 28. Borrow but within limits. 29. Money Available …Don’t take credit. 30. Get the macro picture right. 31. House wives Beware! 32. Trust only Expert advice, especially if your old. 33. Plan,but do not evade taxes. 34. Don’t ignore inflation. 35. Diversify across asset classes. 36. Gold is a hedge against inflation. 37. Think twice before getting locked-in. 38. Watch your portfolio. 39. Rebalance your portfolio to stay on track. 40. Let some opportunities pass. 41. Do not mistake luck for skill. 42. When you lose ,Don’t lose the lesson. 43. Unwieldy portfolio is unyielding. 44. Bubbles will burst play safe. SECTION III. Equities and Commodities: 45. Trade through registered brokers only. 46. Trading through a sub-broker Check credentials. 47. Good research helps ….good brokerage is not all. 48. Go the Demant way …save tress, Troubles and spaces. 49. Avoid off market transactions. 50. Invest in business that you understand. 51. Study business potential and prospects. 52. Avoid Companies with dubious Management. 53. Don’t trade with money you cant afford to lose. 54. Trade in future & Options with care. 55. Guaranteed returns in equities? It’s a lie! 56. Do not blindly follow FIIs or MFs. 57. Suggestions abound ..value your opinion too. 58. Never trade on insider information. 59. Great names are not always good investments. 60. Not all IPOs make money. 61. Avoid penny and Z category stocks. 62. Commodities trading is not for all. 63. Diversify equity exposure across sectors. 64. Don’t get misled by approvals from government. 65. Don’t rely on technical analysis alone. 66. Past performance does not predict future performance. 67. Sell when market flares up irrationally. 68. Don’t marry your stocks ..sell when the time comes. 69. When it rains,everything gets wet. 70. Don’t blindly chase low mutilple stocks. 71. Beating the markets Is difficult. 72. Markets can remain irrational longer than you can remain solvent. 73. Stay away from the operator-driven counters. 74. Understand risks in day trading. 75. Know when to stay out of the markets. 76. Do not risk too much in any one trade. 77. Short selling is not for small investors. 78. Know when you will sell before you buy a stock. 79. Adhere to a stop loss while trading. 80. Be A bargain hunter among quality Stocks. 81. Averaging is not a foolproof way to make money. 82. The ‘Bigger fool’theory may not always work. 83. Inactive account? Freeze it now use it later. SECTION 1V-Insurance and Mutual Funds. 84. Get a slice of Life insurance. 85. Honesty is the best insurance policy. 86. Insure adequately :Better to have more than less. 87. Insurance :It is not a one time exercise. 88. Younger the better for insurance. 89. Medical insurance: Even for the healthy. 90. Small premium can mitigate big calamities. 91. Cancellation of policies :Don’t let go till you are covered again. 92. All mutual funds are not alike. 93. Beware of loads and expenses in mutual funds. 94. Index funds are your friends. 95. Build your portfolio, SIP By SIP. SECTION V-Real Estate: 96. Check Credibility and track record of builder. 97. Check up approvals. 98. As you pay so shall you get, Are you sure? 99. Pay for what you want. 100. Location, location, location. 101. Know your affordability. SECTION V1-Loans And Borrowings: 102. Repayment history defines your financial character. 103. Ignorance is it a bliss, know your loan terms. 104. Borrow wisely: Choose the loan most appropriate for you. 105. Loan against gold jewellery, emotions are embedded. 106. Home loans: Floating rate can shrink you. 107. Lenders’ recovery agents -Know your rights. 108. Auto loans: Understand the total cost.