AVFINPAL- Your Financial Pal

People think of the investors as people who find out a lot of ways to get success: sometimes by picking up individual stocks in the share market, sometimes by choosing on to the best of the mutual funds available and few do it in some other ways too. The art of investment to create wealth and accomplish long-term objectives has been recognized time and again. But not everyone avails full advantage of it. What distinguishes the most prosperous investors from the rest are HABITS. Well, it is quite appropriately said by someone that there are a lot many ways to do something, and the same philosophy applies among investors as well. When we see the lives of some successful investors, we would always come across some similarities in all of them and that is what we are going to talk about in this article further on. Contrary to popular belief, successful investing is not about “timing” the market or choosing the “best” funds. In fact, truth be told, the perfect market entry or exit time is qu

It started with the default of Infrastructure Leasing & Financial Services (IL&FS), signs of trouble emerged in June 2018 when behemoth financial conglomerate defaulted on inter-corporate deposits and commercial papers (borrowings) worth about Rs 450 crore.  Following the traces of the event, the credit rating of the company was downgraded to "D" in September 2018.  This downgrade triggered the whole chain of defaults and downgrades in the fixed income segment. This led the regulator to tighten its norm and be on its toes to proactively look for any loose gaps in the ethics and functionality of the corporates.  After the IL&FS many major corporates, some of those who were even the market leader in their industry followed the trails. One such example was DHFL which caused significant pain to debt mutual funds.  Since 2018, there have been several other entities bearing the same fate. However, we won't be covering all of them as the point of concern here isn'