"If you are one of those investors who has not yet started your investment process for retirement planning, you must act now," writes Wiseinvest Advisors CEO Hemant Rustagi.
Equity investors will have a lot to cheer about going forward, too. Of
course, as always, there are going to be periods that could test their
patience.
While it is true that tax efficiency alone can't help you but a tax-aware investment strategy can make a substantial difference to your portfolio's ultimate size.
Studies have proved that more than 90 percent of
investment success depends upon one's asset allocation and the rest on
investment option chosen for each of the asset classes.
For a long-term investor, it is important to review the portfolio
composition periodically so that it not only remains on track but also
doesn't take him beyond his risk-taking capacity.
It is always recommended that individual investors, who want to build
wealth through smaller contributions, should invest through a Systematic
Investment Plan (SIP).
The right way to analyse the performance of a fund is to not consider
absolute return alone but to compare its performance vis-a-vis the
benchmark and the peer group.