To be a successful investor, one must learn to respect and master the art of time management. If you want to invest money, then the sooner you start investing, the better, suggests DSP Mutual Fund’s MD and CEO, Kalpen Parekh in an exclusive interaction with Money9. According to Parekh, everyone should take investment decisions according to their own goals and risk appetite. No asset can give better returns than equity, but to earn positive returns, it is necessary to invest for a long time and start investing early, Parekh added.
Asset allocation is very important for a sound financial plan. Asset allocation means that you include different types of assets in your investments. Some part in equity, some part in debt, some in gold, and you divide the risk in such different assets. If there is a bearish trend in one asset class, then other assets help cover the fall.
Parekh said that if investors can manage their time efficiently, then no one can stop them from becoming a successful investor. Invest in equities for a long time and the longer you invest, the better will be the returns.
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