1. Don’t put all your eggs in one basket

2. It makes sense to allow flexibility in your long-term investments. You never know the changes life may bring in course of time.

3. Don’t base your judgement on the buying decisions of others. Trust your instincts and you will not have to regret much later.

4. Retirement planning is important. Don’t procrastinate. Account for it now.

5. As a stock investor don’t get carried away by the company’s past performance. It is not necessarily indicative of future performance.

6. Track your fund’s performance once you have invested. And see to it that you compare apples to apples.

7. Don’t invest in a fund if you do not understand its workings.

8. Don’t buy insurance only for tax purposes. Ascertain your future needs and buy accordingly.

9. Term insurance is the cheapest risk cover you can get. Makes sense to buy one especially if you have borrowings.

10. While investing, preferably read the fine print first and the other details later. The risk factors are mentioned there.