How to become an expert mutual fund investor: Begin with the end in mind

Congratulations! After realising your risk appetite, you are in a pretty good position to plan for your financial goals. In the table 'Your financial road map', we have drawn up guidelines on how to build your portfolio. The table is divided into two parts based on the risk appetite of investors. Thereafter, the goals are categorised based on their individual time horizons. However, before you start with your goals, you should first have a safety net for any emergency. And when it comes to building a safety net, you need a two-pronged approach - having adequate insurance (health as well as life) and having a sufficient emergency corpus for any unforeseen roadblocks that you may encounter during your journey. Address these two things even before you start your investment journey. Next comes forming

This article was originally published on December 23, 2021.