Click here to see the board game.
Note: In this Illustration, For ladders, the base represents the move and the top shows the impact. For snakes, the mouth indicates the move and the tail reflects the impact.
Other Financial Moves to Pursue or avoid
What to do
1.Make a will to ensure smooth transfer of assets to heirs.
2.Ensure nominations are in place across all assets and investments.
3.Identify and work towards key financial goals to be achieved.
4.Review portfolio and rebalance as set allocation once every year.
What to avoid
1.Don’t pull all your eggs into one basket. Opt for diversified asset allocation across cosmetic and foreign equities,fixed Income, real estate and gold.
2.Don’t blindly chase top performers of past. Winner keep rotating(including asset classes, funds, sectors).
3.Don’t invest purely with intention to save taxes. Identify investments that suit your risk profile.
4.Don’t rely on tips from friends or relatives. Do your own due dligence.