This Common Investment Mistake Costs You Years Of Growth

(MENAFN- Kashmir Observer)
Representational Photo

In daily life, we know what we want. We buy a certain brand of toothpaste because it suits us. We pick a grocery store because it's fresh and fair. We stick with the same tailor or milkman because we trust them. We're clear, instinctive, and firm in our choices.

But that clarity often disappears when we invest.

A friend shares an emotional story about how an insurance plan“saved” her family. A salesperson warns that the offer expires tonight. Someone shows us a chart promising“guaranteed returns.” And just like that, we're signing up, without asking whether it fits our needs.

Many insurance plans are sold as investments, but they're not. They're safety nets, not growth tools. They often come with long lock-in periods, hidden charges, and lower returns than other options. That may be fine if your goal is protection. But it's a poor choice if you're looking for growth.

The problem often starts with how these products are marketed: emotionally, urgently, and sometimes unclearly. Sellers, chasing targets, can blur the line between advice and persuasion.

Read Also The Easiest Way to Invest in Real Estate Without Buying Property Stop Chasing Fast Money, Here's What Works

The fix? Start with yourself. What do you need, protection or returns? What's your timeline? What's your risk appetite?

Ask questions. Read the fine print. Say no if it doesn't serve you.

We wouldn't let a grocer talk us into fruit we don't eat. We shouldn't let anyone talk us into an investment that doesn't feed our future.

Think of investing as just another essential purchase. Make it fit you. Not the other way around.

• Disclaimer: This article is for information only and doesn't offer investment advice. It's not an endorsement or an offer to buy or sell any financial products. If you decide to act on the information here, you do so at your own risk

MENAFN20052025000215011059ID1109569826