Home > Career > Question
Need Expert Advice?Our Gurus Can Help
Sushil

Sushil Sukhwani  |333 Answers  |Ask -

Study Abroad Expert - Answered on Apr 23, 2024

Sushil Sukhwani is the founding director of the overseas education consultant firm, Edwise International. He has 31 years of experience in counselling students who have opted to study abroad in various countries, including the UK, USA, Canada and Australia. He is part of the board of directors at the American International Recruitment Council and an honorary committee member of the Australian Alumni Association. Sukhwani is an MBA graduate from Bond University, Australia. ... more
MANOJ Question by MANOJ on Apr 22, 2024Hindi
Listen
Career

Dear Sushil, My daughter ( only child) is doing her final year from Amity -Mumbai, Bsc-Clinical Psychology. She wants to go abroad .Which will be good country. What will be the Expenses and whether the career has scope abroad.

Ans: Hello MANOJ,

First and foremost, thank you for getting in touch with us. I am happy to hear that your daughter is pursuing the final year of her Bachelor of Science (BSc) in Clinical Psychology and thereafter, wishes to pursue higher studies overseas. To answer your question first, I would like to tell you that a number of variables viz., your daughter’s interests, the budget, the preferred field of psychology she intends specializing in, and her professional objectives, play a key role in deciding on a country to pursue higher studies and a career in clinical psychology. Concerning your question, I would recommend that she considers the following:

The USA is home to prestigious universities that offer outstanding clinical psychology programs. Nevertheless, costs can be high, including living expenses, tuition fees, and healthcare. Although assistantships and scholarships are available, they are highly competitive. You would be glad to know that the job prospects in the USA is enormous with opportunities in research, diverse healthcare environments, academia, as well as patient care. Next, coming to Canada, the country’s top-notch instruction and multicultural setting is well-regarded. Remember, in comparison to the USA, expenditures may be comparatively lower. However, it still calls for proper financial planning. Offering possibilities in academia, research, and practice, clinical psychology is a legally regulated profession in Canada. Universities in the UK offer exceptional programs in psychology. I would like to tell you that based on the location and the university opted for, costs may differ. Possibilities for research, teaching, and clinical practice, are offered by the country. Nevertheless, bear in mind that post-Brexit visa rules could have an impact on overseas students. Noteworthy programs in psychology are offered by universities in Australia. Remember that although expenditures can range from low to high, scholarships are available. Offering possibilities in research, clinical practice, and other mental health services, in Australia, clinical psychology is a legally regulated profession. Coming to Netherlands, the country is renowned for its advanced approaches to psychology and mental healthcare. Programs in the Netherlands are often taught in English, and tuition fees for overseas students are relatively cheaper. The employment opportunities include research, clinical practice, and policy development.

Prior to deciding on a country, I would suggest that your daughter conducts an extensive study on the visa prerequisites, demand in the labor market, licensing procedures for practicing psychologists, as well as the cultural aspects pertaining to each country. Not just that, she should also acquire counsel from professional advisors or educational counselors, as well as get in touch with experts in the field of her choosing.

For more information, you can visit our website.
Career

You may like to see similar questions and answers below

Sushil

Sushil Sukhwani  |333 Answers  |Ask -

Study Abroad Expert - Answered on Oct 16, 2023

Listen
Career
good evening sir,my daughter is doing BA - as she has very deep interest in psychology subject she want to do master in psychology from abroad please guide which university/country to do ?
Ans: Hello Chandrashekharnaidu,

To begin with, thank you for contacting us. I am happy to hear that your daughter is currently pursuing her Bachelor’s of Arts and intends to further pursue her Master's in Psychology overseas owing to her deep interest in the subject. I would like to inform you that several aspects, viz., your daughter’s particular interests, the cost, as well as her professional ambitions play a key role in deciding on a university and country to pursue a Master's degree in Psychology overseas. To answer your query as to which country would be ideal for your daughter to pursue her Master's in Psychology, I would like to tell you that the UK, Australia, the USA, Netherlands, and Canada are well-regarded for the programs in psychology. Coming to universities, I would like to inform you that the University of Cambridge and the University of Oxford in the UK are well-known. At the University of Melbourne in Australia, robust Psychology programs are offered. Moreover, excellent programs are offered at Stanford University, Harvard University, and Yale University in the USA. Robust programs in Psychology are also offered in the Netherlands, particularly at the University of Amsterdam. In Canada, the University of Toronto is one of the popular choices.

At the time of deciding where to study, I would recommend that you daughter looks into the various possibilities for scholarship as well as takes into account the culture and location. Lastly, in order for your daughter to make an educated choice, the programs that the above mentioned universities have to offer, her personal choices as well as the funding sources should be taken into account by her.

For more information, you can visit our website.

..Read more

Sushil

Sushil Sukhwani  |333 Answers  |Ask -

Study Abroad Expert - Answered on Apr 06, 2024

Asked by Anonymous - Apr 05, 2024Hindi
Listen
Career
Dear Sir, My daughter is pursuing Post graduation in Clinical Psychology from India. She wants to pursue career in clinical psychology in countries like USA, Australia or UK. What she required to do for practicing in these countries. I am open to send her to these countries for higher education to get requisite qualification, if required. Also please let me know the scope of clinical psychology in India ( other than practicing at her own which is long term process).
Ans: Hello,

To begin with, thank you for contacting us. I am happy to hear that your daughter is currently pursuing her post-graduation in clinical psychology from India after which she intends practicing the same in either Australia, the USA or the UK. As an answer to your query, I would like to tell you that your daughter will need to adhere to specific educational and licensing standards unique to each of these countries viz., the USA, Australia, or the UK in order to practice there. A broad outline of what she may be required to do is as mentioned below:

Firstly, as part of academic prerequisites, she will need to obtain a postgraduate degree in clinical psychology. This usually entails earning a Doctorate in Philosophy (PhD) in Clinical Psychology or a Doctorate in Clinical Psychology (PsyD). A dissertation as well as coursework and supervised clinical experience are frequently included in these programs. Next, post the completion of her studies, in order to practice as a clinical psychologist in the country of her choosing, your daughter will probably need to acquire a license or certification. For the same, she will need to pass licensing tests and meet other prerequisites, viz., supervised clinical experience or a set number of practice hours. It is important to remember that based on the country she is applying to, international candidates may be required to fulfill additional criteria viz., completing further coursework or tests to prove one’s knowledge of the local laws, morals, and professional standards. In addition to the above, your daughter may be required to appear for standardized tests viz., the IELTS or TOEFL in order to prove her fluency in the English language, if English is not her native language. Lastly, in order for your daughter to practice as a psychologist in her preferred country, she will need to make sure she possesses the appropriate work authorization and immigration status. For the same, she will need to acquire a work permit or visa.

Considering the differences in criteria among all these countries, I would recommend that your daughter conducts an all-round study on the particular requirements for the nations she is considering as well as gets in touch with professional organizations or regulatory agencies for guidance in those nations.

For more information, you can visit our website.

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |1435 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 28, 2024Hindi
Listen
Money
Sir i want to invest in sip my monthly saving will be between 1000 to 2500 Rs please advice.
Ans: It's great that you're looking to start investing through SIPs with your monthly savings! Here's some advice tailored to your budget:

Start Small: Even with a modest monthly savings of Rs. 1000 to 2500, you can begin investing through SIPs. The key is to start early and remain consistent with your contributions.
Choose Low-Cost Funds: Look for mutual funds with low expense ratios, as they minimize the impact of fees on your returns. Opt for direct plans of mutual funds to save on distribution expenses.
Focus on Equity Funds: Given your long-term investment horizon, consider investing in equity mutual funds. These funds have the potential to deliver higher returns over the long run, although they come with higher volatility.
Diversify Your Portfolio: Select a mix of different types of equity funds, such as large-cap, mid-cap, and multi-cap funds, to spread your risk across various market segments. Diversification can help mitigate the impact of market fluctuations.
Stay Invested for the Long Term: SIPs work best when you stay invested for the long term, allowing your investments to benefit from the power of compounding. Aim to invest consistently over several years to maximize your returns.
Review and Adjust: Periodically review your SIP investments to ensure they align with your financial goals and risk tolerance. You may need to adjust your investment strategy based on changes in your financial situation or market conditions.
Stay Informed: Take the time to educate yourself about mutual funds, investment strategies, and market trends. This knowledge will empower you to make informed decisions and stay on track with your financial goals.
Consult a Financial Advisor: If you're unsure about which funds to invest in or how to construct your investment portfolio, consider consulting a financial advisor. They can provide personalized advice based on your financial situation and goals.
By following these tips and starting your SIP journey with discipline and patience, you can gradually build wealth over time and work towards achieving your financial objectives. Remember, every rupee invested today can make a difference in securing your financial future tomorrow.

...Read more

Ramalingam

Ramalingam Kalirajan  |1435 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 26, 2024Hindi
Listen
Money
hello sir im working in merchanr navy and taking yearly salary of 30-32 lakhs after tax. im 35, finished all my loans, never invested in finicial market but want to invest about 10-12 lakhs early please give suggestions.
Ans: Congratulations on paying off your loans and considering investing in the financial market! Here are some suggestions tailored to your situation:

Emergency Fund: Before investing, ensure you have an emergency fund equivalent to at least 6-12 months of living expenses. This fund should be easily accessible in case of unforeseen circumstances.
Investment Goals: Define your investment goals, such as wealth accumulation, retirement planning, or funding future expenses. Knowing your objectives will help you choose the right investment avenues.
Diversified Portfolio: Consider diversifying your investments across different asset classes to spread risk. You can allocate funds to equities, mutual funds, fixed deposits, bonds, and other instruments based on your risk tolerance and investment horizon.
Equity Investments: Since you have a relatively high income and a long investment horizon, you may consider allocating a portion of your funds to equity investments. You can start with mutual funds or direct equity investments, focusing on blue-chip stocks or index funds for stability and growth potential.
Mutual Funds: Mutual funds offer a convenient way to invest in a diversified portfolio managed by professional fund managers. You can explore various categories such as large-cap, mid-cap, and multi-cap funds based on your risk appetite and investment goals.
Systematic Investment Plan (SIP): Consider starting a SIP in mutual funds, where you invest a fixed amount regularly. SIPs offer the benefit of rupee cost averaging and can help in wealth creation over the long term.
Financial Advisor Consultation: Given your lack of experience in financial markets, it's advisable to consult a financial advisor or planner. They can assess your financial situation, risk tolerance, and investment goals to provide personalized investment recommendations.
Risk Management: While investing in equities can offer higher returns, it also comes with higher risk. Ensure you are comfortable with the level of risk associated with your investment choices and diversify your portfolio to mitigate risks.
Continuous Learning: Take the time to educate yourself about different investment options, market dynamics, and financial planning concepts. Continuous learning will empower you to make informed investment decisions and navigate the financial markets effectively.
Review and Adjust: Regularly review your investment portfolio to track performance and make necessary adjustments based on changes in your financial situation or market conditions.
By following these suggestions and seeking professional guidance, you can embark on your investment journey with confidence and work towards achieving your financial goals.

...Read more

Ramalingam

Ramalingam Kalirajan  |1435 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 28, 2024Hindi
Listen
Money
I am 40 year old below is my portfolio, current monthly expenses is 80k. Monthly income 4.5 lacs including pf after taxes , investing 60k mf , 60k stocks , 1 lac in pf , PPF, ssy and lic. 1.5 lacs emi in site loan which has just started, which will be there for another 6 years. Me and my wife work in IT , having 5 year old daughter. Can we retire by 50 ? Own apartment loan paid off MF mix of small , mid , large and international - 70 lacs Direct coffe can stocks - 30 lacs PPF , PF , SSY , LIC - 1 CR
Ans: Retiring by 50 is an ambitious goal, but with careful planning and disciplined execution, it can be achievable. Here are some steps you can take:

Evaluate Your Financial Position: Review your current assets, liabilities, and investment portfolio. Ensure that you have a clear understanding of your financial situation.
Calculate Retirement Corpus: Estimate your desired retirement corpus based on your expected post-retirement expenses, inflation, and life expectancy. Consider consulting a financial planner for a detailed analysis.
Optimize Investments: Continue investing in a mix of mutual funds, stocks, and other instruments to grow your wealth. Since you have a diversified portfolio, ensure it aligns with your risk tolerance and investment objectives.
Accelerate Savings: Increase your monthly investments if possible to accelerate wealth accumulation. Consider reallocating resources from lower-yield assets to those offering higher returns, keeping risk in mind.
Debt Management: Focus on paying off your site loan within the next six years. Reducing debt will free up more resources for savings and investments.
Emergency Fund: Maintain an adequate emergency fund to cover unforeseen expenses. Aim for 6-12 months' worth of living expenses in a liquid and accessible account.
Plan for Contingencies: Consider factors like healthcare expenses, education costs for your daughter, and any other unforeseen events. Ensure you have adequate insurance coverage to mitigate risks.
Retirement Lifestyle: Define your desired retirement lifestyle and associated expenses. This will help you determine the size of your retirement corpus more accurately.
Regular Review: Periodically review your financial plan to track progress and make necessary adjustments. Stay informed about changes in tax laws, investment opportunities, and market trends.
Seek Professional Advice: Consider consulting a Certified Financial Planner to create a comprehensive retirement plan tailored to your specific goals and circumstances.
Remember, achieving early retirement requires discipline, sacrifice, and careful financial management. While it may seem challenging, with dedication and the right approach, you can work towards realizing your goal of retiring by 50.

...Read more

Ramalingam

Ramalingam Kalirajan  |1435 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Listen
Money
Hi , im 31 years old im earning 2.5 lakhs per month, i have 65000 home loan emi, 8000 term insurance per month , 15000 per month medical insurance for my family. I want to invest 100000 to sip . Kindly advise which fund to select
Ans: Given your income and financial commitments, it's great that you're considering investing in SIPs. Here are some considerations for selecting funds:

Risk Tolerance: Determine your risk tolerance based on your investment goals, time horizon, and comfort level. Generally, equity funds offer higher returns but come with higher volatility compared to debt funds.
Investment Goals: Define your investment goals clearly. Are you investing for long-term wealth accumulation, retirement, or any specific financial goal? Your investment horizon will influence the choice of funds.
Diversification: Consider diversifying your investments across different types of funds to spread risk. This could include a mix of large-cap, mid-cap, and small-cap equity funds, along with debt funds for stability.
Performance Track Record: Evaluate the historical performance of funds over different market cycles. Look for consistency in returns and fund management quality.
Expense Ratio: Pay attention to the expense ratio, as lower expenses can boost your overall returns over time. Choose funds with a reasonable expense ratio relative to their category.
Fund House Reputation: Invest in funds managed by reputable fund houses with a proven track record of managing investors' money responsibly.
Tax Efficiency: Consider the tax implications of your investments. Equity-oriented funds offer tax benefits on long-term capital gains compared to debt funds.
Given your monthly SIP investment amount of ?1,00,000, you can consider allocating it across different categories based on your risk appetite:

Large-cap Equity Funds: These funds invest in well-established, large companies with stable performance and lower volatility, making them suitable for conservative investors.
Mid-cap and Small-cap Equity Funds: These funds invest in mid-sized and small companies with higher growth potential but also higher risk. They are suitable for investors with a higher risk appetite and a longer investment horizon.
Balanced Funds: These funds invest in a mix of equity and debt instruments, offering a balanced approach to risk and return. They can be suitable for investors seeking moderate growth with lower volatility.
It's essential to review your investment portfolio periodically and make adjustments based on changes in your financial situation and market conditions. Consider consulting with a Certified Financial Planner for personalized investment advice tailored to your specific goals and risk tolerance.

...Read more

Ramalingam

Ramalingam Kalirajan  |1435 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Listen
Money
I have 7.5 Lakh, where i should invest so that I can earn at least 10-15% pm. Is is it worth to invest in Post Office Monthly Scehme
Ans: Investing with the goal of earning 10-15% per month is quite ambitious and typically associated with high-risk investments. Here are some considerations:

Realistic Expectations: Earning 10-15% per month consistently is not feasible through traditional investment avenues like Post Office Monthly Income Schemes (POMIS) or other fixed income options. These investments offer relatively lower returns but are safer and more stable.
Risk Tolerance: Higher returns often come with higher risk. Investments promising double-digit monthly returns are usually associated with significant risk, such as in stocks, cryptocurrencies, or speculative trading. Assess your risk tolerance before considering such options.
Diversification: It's essential to diversify your investments across different asset classes to manage risk effectively. Consider allocating a portion of your funds to safer options like fixed deposits, bonds, or mutual funds for stability and income generation.
Professional Advice: Consult with a Certified Financial Planner to discuss your financial goals, risk tolerance, and investment options. They can help create a personalized investment plan tailored to your needs and objectives.
Avoiding Scams: Be cautious of investment opportunities promising unusually high returns with little or no risk. Such schemes could be scams or Ponzi schemes. Always conduct thorough research and verify the legitimacy of any investment opportunity before committing your funds.
Long-Term Perspective: Focus on building a diversified investment portfolio with a long-term perspective. Over time, compounding returns can help grow your wealth steadily and sustainably.
In conclusion, while it's important to aim for growth, it's equally essential to balance return expectations with risk and invest prudently. Consider a diversified approach, seek professional guidance, and avoid high-risk investments promising unrealistic returns.

...Read more

Ramalingam

Ramalingam Kalirajan  |1435 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 28, 2024Hindi
Listen
Money
Dear Sir, Good Evening!! I have a corpus of around 18 Lacs. I am around 49Years of age having a contractual job having monthly salary of 40 Thousand. Please suggest how and where to invest this amount(%-Stocks/Mutual Fund etc.) to have safe and good returns to have a good financial stability in future.
Ans: With your corpus and income, you're in a good position to plan for your financial future. Here are some suggestions tailored to your situation:

Emergency Fund: Ensure you have an emergency fund equivalent to 6-12 months' worth of expenses in a liquid savings account or a short-term fixed deposit. This will provide you with financial security in case of unexpected expenses or loss of income.
Debt Repayment: If you have any high-interest debt, consider using a portion of your corpus to repay it. Paying off debt can provide a guaranteed return by reducing interest expenses.
Retirement Planning: As you're nearing retirement age, prioritize building a retirement corpus. Consider investing in a mix of equity and debt mutual funds based on your risk tolerance and investment horizon. A Certified Financial Planner can help you determine the appropriate asset allocation.
Asset Allocation: Given your age and risk profile, consider a conservative asset allocation with a higher allocation to debt instruments such as fixed deposits, bonds, and debt mutual funds. You can allocate a smaller portion to equity mutual funds for potential growth.
Diversification: Diversify your investments across different asset classes, sectors, and geographies to reduce risk. Avoid putting all your eggs in one basket.
Regular Review: Periodically review your investment portfolio to ensure it aligns with your financial goals, risk tolerance, and changing market conditions. Rebalance your portfolio if necessary.
Seek Professional Advice: Consider consulting with a Certified Financial Planner who can provide personalized advice based on your financial situation and goals. They can help you create a comprehensive financial plan and make informed investment decisions.
By following these strategies and seeking professional guidance, you can work towards achieving financial stability and security for the future. Remember to invest patiently and stay focused on your long-term goals.

...Read more

Ramalingam

Ramalingam Kalirajan  |1435 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 29, 2024Hindi
Listen
Money
I have been doing RD of 10k in bank for an year and use this 1.2 lakh + interest earned for my daughter school fees. The interest is 6 % approx. Option 1 Instead of above I am planning to do RD of 5K and invest rest 5K in mutual fund for one year. Please suggest me safe mutual fund where I can invest and withdraw after an year for my daughter's school fees. option 2 Invest 10k in mutual fund. Please suggest mutual fund for one year investement.
Ans: For short-term investments like your daughter's school fees, it's essential to prioritize safety and liquidity. Here are some suggestions:

Option 1: Splitting RD and Mutual Fund Investment

For the RD portion (5K per month), you can continue with your bank RD as it offers guaranteed returns and capital protection.
For the mutual fund investment (5K per month), consider investing in liquid funds or ultra-short duration funds. These funds invest in short-term debt instruments with low interest rate risk and provide relatively stable returns.
Liquid funds are suitable for investments with an investment horizon of up to 3-6 months, while ultra-short duration funds can be suitable for investments with a horizon of 6-12 months.
Option 2: Investing 10K in Mutual Fund

If you decide to invest the entire 10K in mutual funds, you can still consider liquid funds or ultra-short duration funds for short-term investment needs.
Alternatively, you may explore short-term debt funds or low-duration funds, which offer slightly higher returns than liquid funds while maintaining a relatively low risk profile. These funds typically invest in debt instruments with slightly longer maturities than liquid funds.
Ensure that you select mutual funds with a strong track record of consistent returns and low expense ratios. Look for funds managed by reputable fund houses with experienced fund managers.
Before making any investment decisions, assess your liquidity needs, risk tolerance, and investment horizon. It's also advisable to consult with a Certified Financial Planner or a qualified financial advisor to tailor your investment strategy to your specific financial goals and circumstances.

...Read more

Ramalingam

Ramalingam Kalirajan  |1435 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Listen
Money
Sir Please suggest best Mutual fund as i want to Do SIP for long term.
Ans: While I can't provide specific fund names, I can offer some general guidance:

Consider investing in diversified equity mutual funds for long-term wealth creation. These funds invest in a mix of large-cap, mid-cap, and small-cap stocks, offering growth potential while spreading out risk.
Look for funds with a proven track record of consistent performance over several market cycles. Past performance is not indicative of future results, but it can provide insights into a fund's management strategy and risk management practices.
Pay attention to factors like fund manager experience, expense ratio, and portfolio turnover. A seasoned fund manager with a solid investment approach can navigate market volatility more effectively.
Evaluate the fund's investment philosophy and strategy to ensure it aligns with your risk tolerance and investment goals. Some funds may focus on growth-oriented stocks, while others may prioritize value or dividend-paying stocks.
Consider your investment horizon and risk appetite. If you have a long-term investment horizon (e.g., 5 years or more) and are comfortable with market fluctuations, you may opt for equity-oriented funds. For shorter investment horizons or lower risk tolerance, consider balanced funds or debt funds.
Lastly, seek professional advice from a Certified Financial Planner (CFP) or a trusted financial advisor. They can assess your financial situation, risk profile, and investment goals to recommend suitable mutual funds that align with your needs.
Remember, investing in mutual funds involves risk, and it's essential to conduct thorough research and seek professional advice before making any investment decisions.

...Read more

Ramalingam

Ramalingam Kalirajan  |1435 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - Apr 29, 2024Hindi
Listen
Money
Hi, I am a 47 years old housewife. I am interested in investing in MFs and stocks, but I'm quite naive in this and a little afraid of wrong decisions. Rediff gurus could you please suggest how can I make a start? I donot have a demat account also. Please suggest how to get into trading.
Ans: starting your investment journey can feel overwhelming, but it's also exciting and rewarding. Here's a gentle roadmap:

Begin by educating yourself about mutual funds and stocks. There are plenty of resources online, including articles, videos, and tutorials tailored for beginners.
Consider attending workshops or webinars conducted by reputable financial institutions or experts in the field. These sessions can provide valuable insights and answer many of your questions.
Start small. Begin with mutual funds, which are relatively safer and more straightforward compared to direct stock investments. You can gradually transition to stocks as you gain confidence and experience.
Open a Demat account and a trading account with a reputed brokerage firm. Ensure the brokerage firm offers user-friendly platforms and provides excellent customer support, especially for beginners.
Seek guidance from a Certified Financial Planner (CFP) or a financial advisor. They can assess your financial situation, risk tolerance, and investment goals to provide personalized recommendations.
Diversify your portfolio. Spread your investments across different asset classes, sectors, and geographical regions to minimize risk. Avoid putting all your money into one investment.
Keep a long-term perspective. Investing is not a get-rich-quick scheme. It requires patience, discipline, and consistency. Stay focused on your goals and avoid making impulsive decisions based on short-term market fluctuations.
Monitor your investments regularly but avoid obsessing over daily price movements. Review your portfolio periodically, perhaps every six months or annually, and make necessary adjustments based on changes in your financial situation or market conditions.
Remember, every investor starts somewhere, and it's okay to make mistakes along the way. What's important is to learn from them and stay committed to your financial goals. Happy investing!

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x