ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -If you are wondering can mutual funds lose money, then the answer is yes as some mutual fund categories are more volatile. This means, while they might offer great returns, they can also offer higher risk. If you feel you are not up for the risk, you should look at the performance of mutual funds from other categories.
Detailed explanation-2: -Do not take any impulsive action. Consider taking professional help for emotional support. Assess the situation impartially. Cut back on your expenses for some time. Increase sources of income. Take measures to avoid similar losses in future. Take a Personal Loan. 05-Sept-2022
Detailed explanation-3: -How do I know all this? Step 1: Empty your Trading Account. Step 2: Take a Break. Step 3: Accept the Loss. Step 4: Investigate the Root Cause. Step 5: Build A Fool-Proof Process. Step 6: Score Small Wins. Step 7: Manage Risk Aggressively.