Aug 4: Last year and a half have been a sky-rocketing journey for equity markets, mutual funds, and all the brokers and investors. The returns almost closed at 40% minimum, encouraging more and more people to invest. Honestly, successful investing is all about managing your risks and not avoiding them. With the assistance of a financial expert, one can take the investment leap.

Booking timely profits or losses is the key to a successful investment journey. The big money isn’t always about buying or selling but waiting for the right opportunity. There are industry experts like Prateek Toshniwal who understands numbers and the investment world better. Prateek Toshniwal, a professional Chartered Accountant says that one should always diversify their portfolio rather than investing in a single source. As a passionate Investor, Financial Advisor, Tax & Business Consultant, Networker, Entrepreneur, and BizLeader, he believes that failure is the biggest reason for growth and the more one fails the more you get to taste success.

The present needs must be fulfilled with business income and future portfolio diversification – FDs, PPFs, Bonds, Mutual Funds, Equities, and Start-ups. Having said that, financial experts like Prateek Toshniwal mention that one should avoid the mistake of over-thinking. If you know about the stocks you are holding, go with the flow of your understanding and if not, enter and exit based on your gut feelings, otherwise, you will end up having nothing. Secondly, avoid investing with an aim of minting money. You must invest in several ideas and portfolios that will serve you well in generating several sources of minting money. Hedging is a better strategy than staying in open positions.

Insurance & Investments are the pillars of entrepreneurs’ life cycle. Entrepreneurs who have all of it covered succeed and the rest suffer. A lot of people might wonder why they need to insure or plan for future earnings. Well, this is to help your loved ones from not going bankrupt and giving them a secured future. Besides, with the rising expenses, one cannot completely rely on a primary source of income. One should consider a secondary source of income and what better than investing in FDs, PPFs, Bonds, Mutual Funds, and Equities.

If you believe in health and wellness why not in financial wellness? A lot of time is spent on health and wellness but none on financial wellness. Spend good on financial wellness too and you will see a change in your income too. Believe it or not, Financial literacy is very important and everyone must upgrade themselves to be financially sound.