Don't let speculation govern your money decisions prior to Budget

Buying or selling securities based on rumours about expected changes in tax rates or sectoral sops can backfire

The Union Budget for 2022-23 is round the corner. Capital market participants are keenly awaiting Finance Minister Nirmala Sitharaman's announcements, especially tax-related proposals and measures to boost the economy. The increased news flows and speculation around this time often prompts investors to buy and sell securities based on them.

Financial advisors say long-term investors with definite financial goals need not take decisions based on what might be announced on Budget day. “Avoid overthinking. Don’t take any investment or personal finance decisions based on what may happen in the Budget,” says Harshad Chetanwala, co-founder, MyWealth Growth.com.

Ignore tax-related rumours

Do not buy or