Want to build a large corpus? 4 investment mantras that can be beneficial

The success of investing cannot be measured in time frames. Some take years to achieve accuracy and success, whereas some attain great accuracy in a short time frame. The years of accuracy here are directly proportional to the amount of time an individual spends in practising. To sail through, it is important to have the right strategy that takes into account various factors.

According to Sooraj Singh Gurjar, founder and MD, Get Together Finance (GTF), an investment involves three stages: planning, placing and executing.

"There is no point in investing if you don’t know the value of money. A person needs to value money to invest. Train your mind to make your own path of investing with the help of the concepts will help in attaining success," he said.

Let's take a look at 5 key points to consider while investing:

1. Power Of Small: There is a common myth that you need a huge sum of money to begin investing. However, the process of building a profitable portfolio starts with a few thousand. "No matter how small you start, start something that matters. Set aside a certain amount to save regularly. A small investment can help you build a big corpus in the long term," he said.

2. Clear Debt: Pay off high-interest debts first and divert that money into a scheme. The thumb rule before starting an investment is to deal with debts. He said that analyzing debts and developing a strategy to pay off them should be the priority. Carrying a lot of debt makes no sense. It will only add a burden to the pocket.

"Find opportunities in the market for good short-term moves and make profits. Small profits from a number of investments make up a good income overall. Use this to cut the debt," Sooraj said.

3. Identify Sector: Before making an investment, identify the sectors that hold potential for growth in the long run. He said that as soon as an investor understands this, it becomes easy to find a plethora of opportunities.

4. Diversification: Sooraj said that investors should understand their risk tolerance before investing. Diversification is a good strategy to avoid higher risks. Ensuring that your money is not just invested in just one asset will help to reduce vulnerability and enhance overall stability.