As Einstein says source of knowledge is experience. It would be wiser to learn things from other people’s experience. Hence I’m appending the quotes said by great personalities out of their experiences through regularly subjected title Points to Ponder

Points to Ponder:

1. The discipline which is most important in investing is not accounting or economics, but psychology.-Howard Marks
2. What matters most is not what you invest in, but when and at what price.-Howard Marks
3.”The enemy of investment success is activity.”- Warren Buffett
4. Think about what the asset will produce. Look at the asset, not the beta. I don’t really care about volatility.”- Warren Buffett
5. “Patience is a virtue. Virtues are no fun. Train yourself to be patient and you’ll never need to worry about having a lot of competition.”- Jason Zweig
6. One of the best things you can do in life is to surround yourself with people who are better than you are”- Buffett
7. Great investing requires a lot of delayed gratification.”- Charlie Munger
8. Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.-Buffett
9. It’s not the things you buy and sell that make you money; it’s the things you hold.- Howard Marks
10. “All financial success comes from acting on a plan. A lot of financial failure comes from reacting to the market.”- Nick Murray

Advises Caution:

As mentioned earlier about fraudulent happenings, I once again remind to be aware and do not entertain any calls mentioning things like bonus in your insurance policy, to transfer the premium due to a particular account by offering a discount in premium, unclaimed money etc. Particularly these calls come from Delhi and other parts of the country.

After Long Term Capital Gain Tax, insurance companies started promoting their plans as tax free. However one need to be aware that mutual funds score over them in spite of newly introduced tax due to its simple and low cost structure.

Do not trust blindly those products based solely on being from a reputed institution or emotional pitch of the products like children’s education, Retirement etc.

It is always prudent to keep insurance and investment separately. A simple Term Plan will take care of your insurance needs.