Diversify: The most important form of diversification is between asset classes. Do not believe the myth that equity is safe in the long term and do not put more than 50% of your net worth in equity.
Some experts suggest a more aggressive allocation depending on risk appetite and time horizon, but my experience with clients time and again has confirmed an inability of people to handle an equity allocation beyond 50% when there are market crashes, regardless of the time horizon and risk appetite.Minimize investment costs: Investment fees of 1% per annum eat up a total of 26% of your investment over 30 years.
The straightforward way to minimize investment fees is to use index funds and direct plans, which charge zero commission.Minimize.