Sunday, 20 December 2009

Money Resolutions for 2010

I strongly believe that each new year one should have money resolutions separately for oneself. Here are my "Money Resolution" for the coming year 2010.

  1. Keep track of every investment regularly and count & consolidate every month’s investment. So That you know how much money is invested every month and consequently for the whole year.
  2. Every 6 months look how investments are doing, redo them if required.
  3. Start Tax Saving investments early in the financial year.
  4. Every month invest surplus money somewhere, be it even the Liquid funds. But let your money earn at least something for you.
  5. Don’t ever dither on any financial decision. Make it then and there but not without thinking.
  6. Keep yourself up-to-date with personal finance knowledge.
  7. Be little bold in investing for your long-term money.
  8. Maintain proper balance in your portfolio by investing in all kinds of assets.
  9. Keep booking profits if profit goes beyond your expectations.

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