Latest News
-
Rs 14/Share Dividend: Stockbroking Co To Consider Bonus Share, Shares Up 126% In 180-Days -
Varyaa Creations IPO Set To Shine: Boasts Robust GMP Of Rs 100 -
BEL, HAL, Cochin, Mazagon Dock: Why Defence Stocks Are Flying High When Middle East Is In Kaboom? -
FII-Backed Penny Stock Issues New Update On Warrants, Shares Gain 111% In 3-Yrs -
Top 5 Bank Savings Accounts With No Hidden Charges; Check Details? -
150% Gains In 12 Months: This Multibagger Telecom Stock Hits 52-Week High; IIFL Finance Recommends BUY! -
Singapore Orders Recall Of Everest Fish Curry Masala Over Pesticide -
China's Sinking Cities: Researchers Warn Of A Looming Threat, Say Half Of Major Cities Are Drowning -
Inox Wind Secures Repeat 210 MW Order From Hero Future Energies -
100 Grams Of 22K Gold Dearer By Rs 5000 In India: Check Yellow Metal Prices After Latest Rise
Few of the Warren Buffett's principles you can use in financial planning
Warren Buffett's principles and simple advices concerning the art of investing if followed can yield substantial returns for investors over a time frame. So, in order that you make lucrative investment bets here are put forth some of his priceless guidelines:
1. Save before spending: To accumulate wealth over a time frame, it is crucial for an investor to first set aside some funds out of his total cash inflow towards savings.
The funds earmarked for savings could be in the range of 10-25% and the balance amount can then be used to meet other financial responsibilities at hand.
Nonetheless, it should never be the other way round (i.e. spend first and make investments with the balance amount left) as the plan then fails to meet long-term financial goals.
2. Splurging on unnecessary items can result in awful times: As the ace investor remarks "If you buy things you don't need, you will soon sell things you need". So shun expenditure on unwanted items and spend only on things that you actually need.
3. Investments made today shall yield returns for the next generation: Any investment
decision made today shall yield returns for our next-gen same as we are reaping the benefits of
our parents' investments and savings.
4. Instead of holding loss-making investments consider offloading funds into better investment avenues: As witnessed in today's investment climate, investors continue to hold loss-making investments so as to reduce the extent of losses.
However, in such a case the investor will be better off by reviewing his financial situation and re-balancing overall investment portfolio by including assets that are likely to yield higher returns.
5. Financial security and wealth accumulation needs practice of basic investing techniques: For attaining financial security over time, you as a common investor needs to abide by some basic investment techniques, including portfolio diversification and systematic investment planning among others.
GoodReturns.in
