The Indian markets, as well as global markets, began the year in a tensed mood, forcing one to recall 2008 market turmoil. Excessive volatility like this can deter anyone from investing in equity stocks or mutual funds, which can de-track their personal financial goals. At such time, it is important to realise that market dynamics should not interfere with one’s personal financial goals.
Keeping this in mind, here are five of the tips to beat the gloomy market blues.
1. Continue Saving 10% to 20% of your income - As a thumb rule, one should set aside 10% -20% of their income towards various saving instruments. A portion should be committed towards the retirement plan while the remaining should be divided between other life goals. The point is that one should keep the saving momentum static, irrespective of market movement.
