It is hard to predict what will happen to market-linked investments on a 12-month basis, but what all investors can do is to be level-headed and pragmatic in their approach.
Here are 4 important resolutions that will help one to get more out of their investments:
Save and invest first, spend next:
Saving is the cornerstone of investment. Yet, the focus on investment often takes the sheen off savings. Since investing requires capital, you have to save.
Retain expenses but use incremental income towards investment:
A New Year often brings good news in the form of salary hikes and bonuses in some cases. But, the average salaried employee often fritters away the incremental income.
Ascertain investment risk:
Investing entails a certain amount of risk. Investment risk can be of various types like interest rate risk, business/security risk, credit risk, taxability risk, inflationary risk, liquidity risk, currency risk and exchange risk.
Create investment portfolio based on your goals:
Random amounts like Rs 1 crore or Rs 5 crore look big, but humans are driven more by emotions than just numbers.
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Ripples Advisory 
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