10 Retirement Mistakes

•  Be a winner in the game of investing just like Cricket

The most important amongst them being strategy and a long term view. 

* Physical Fitness = Investor Awareness

Do your research before making any decisions. And, when in doubt, always consult a professional on what course of action to take. 

* Team Selection = Asset Allocation

Like a cricket team is made up of diverse players like fast and spin bowlers, batsmen, wicket keepers, fielders, etc. your portfolio too needs the right mix of asset classes like equity, debt, insurance, cash and gold to name a few.

* Game Plan = Risk Appetite

Just as a player assesses his risk before playing, you too need to make the right preparations before investing. Determine your risk profile to decide how much to allocate in each asset class and whether the time is suitable to play hard or play safe. 

* Winning the Toss = A Good Start

The toss plays a significant role and ensures a good start. In investing, an early start is a good start because your money gets more time to grow and benefit from compounding.

* Role of a Coach = Professional Management

A coach brings a wealth of knowledge, experience and expertise to the field.

* Taking Singles = Systematic Investing

Every run adds up. And that holds true for your investments as well through systematic investing. 

* Powerplay = Maximising Returns

In every match there are those overs where the batsman aims to maximize runs in powerplay by smashing fours and sixes. Similarly in investing, there are times when an investor could look to maximize the growth of his investment.

* Wicket Falling = Time for Review

There are times when even the best batsmen get out and even the best bowlers go wicket-less. A similar situation could occur with your investments. At such times, relook at your portfolio and seek professional help before making any changes to ensure long term growth.