Want a car without breaking your bank? 🚗💰
Follow the 20/4/10 rule:
🔹 20% down payment – To avoid hefty loans
🔹 4-year loan period – Don’t stretch loan periods to avoid paying more on interest
🔹 10% of income – Monthly car EMI shouldn’t exceed this
Why turn your dream car… https://t.co/odAhBAYldEhttps://t.co/Cl51pjiifo
Posted On:07 Mar 2025
🔁Retweet to help others avoid these costly SIP mistakes!
📌Bookmark this for reference!
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Posted On:06 Mar 2025
5️⃣Not Aligning SIPs with Financial Goals
Mistake: Investing in SIPs without a clear goal.
✅Why it’s a problem: https://t.co/7iWexpgUkt
Posted On:06 Mar 2025
- Market downturns are temporary.
- SIPs benefit from rupee cost averaging – you buy more units at lower prices.
- Stopping SIPs means missing the recovery phase.
Fix: Continue SIPs even in a bear market to accumulate wealth effectively!
Posted On:06 Mar 2025
SIPs work best when linked to specific financial goals
Unstructured investing may lead to unrealistic expectations or early withdrawals
Fix: Align SIPs with long-term goals like retirement, home purchase, or children’s education
Posted On:06 Mar 2025
Fund performance changes over time.
You may need to rebalance based on market conditions.
Fix:
- Review SIPs at least once a year.
- Compare with benchmarks and switch if necessary!
Posted On:06 Mar 2025
6️⃣Not Reviewing SIP Performance Regularly
Mistake: Setting up SIPs and forgetting about them.
✅Why it’s a problem: https://t.co/DKOpIAoo98
Posted On:06 Mar 2025
4️⃣Stopping SIPs During Market Downturns
Mistake: Stopping SIPs when the market crashes due to panic.
✅Why it’s a problem: https://t.co/JFoCY96rV0
Posted On:06 Mar 2025
Short-term returns fluctuate due to market trends
A good fund should perform well over 5-10 years.
Fix: Look at the long-term track record before selecting a fund!
