Tips on How to Keep Money Safe

Diversify your net worth into various asset categories, viz, Fixed income, equities, property, gold etc

Never commit all your investments in one go. Markets always present opportunities due to timing difference, therefore spread investments over a period of time.

Remember that 'panic' and 'greed' is what drives markets worldwide. Most ordinary investors (like me) make the mistake of selling during 'panic' and investing in the period of 'greed'.

Look for long term opportunities, the best way to preserve capital is to invest when markets have hit rock bottom

If you have a 'systematic investment plan' continue that, if not start one.

No profit is realized till you book, same goes with loss, therefore at every opportunity book profits and cut loss.

Identify risks involved with returns, if anybody is promising higher return without associated risks, question it!

Don't speculate unless you have the appetite to lose.

Improve personal discipline, i.e., either cut spends that can be postponed or optimise spends by looking at options for same spend.

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Tips on How to Keep Money Safe

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