Management consultant, educator and author Peter Drucker famously said: "If you can't measure it, you can't improve it." This idea resonates strongly in finance and investments. With the rise of digital payments and investment platforms, making and spending money is easier than ever. However, this convenience brings challenges, especially the risk of overspending because digital transactions can feel detached from physical money, often leading to impulsive purchases.
This extends to investments as well. Quick-access platforms allow us to invest in stocks, cryptocurrencies, and even high-risk asset classes with just a few taps. However, the speed of digital investing can lead to unthoughtful decisions.
This brings us to a key principle of financial management: The importance of regularly monitoring and tracking investments and spending, and adjusting our finances to our long-term plans.
Benefits of a single investment platform: A disciplined investment approach can be highly rewarding, especially when managed through a single, consolidated platform that allows you to view all your investments and spending in one place, making it easier to stay on top of your financial health.
Denne historien er fra December 19, 2024-utgaven av Mint Kolkata.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra December 19, 2024-utgaven av Mint Kolkata.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
One Mobikwik up 90% on debut
Shares of fintech firm One Mobikwik Systems Ltd had a dream stock market debut on Wednesday, ending with a huge premium of 90%, against the issue price of ₹279.
MR POONAWALLA GOES TO BOLLYWOOD
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Include pantos on your holiday to-do list
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Cricket stories that read like tales told in a pub
Maxwell, also nicknamed 'The Big Show', dedicates 16 pages to the match against Afghanistan in the 2023 World Cup
An image makeover for palm oil would be good for us
The ecological impact of this affordable oil is lower and health benefits greater than often portrayed
Can the Xi-Trump 'bromance' be revived? Else, ties may fray
Cordiality between the two leaders would favour both countries
Refrain from judicial overreach: It'll strengthen India's judiciary
The suo motu powers of courts are essential to secure justice and the public interest but their overuse can have adverse results
South Korea's political drama was worthy of applause
Its lawmakers were bravely joined by others to reject martial law and uphold democratic institutions
Market losses and mistakes are two completely different things
A loss needn't be a mistake. What matters is whether the process of taking the decision was right
