New Delhi, Aug. 15 -- Building wealth is not only about choosing the right investments. It is also about having a holistic financial plan. This is because financial mistakes around emergency funds, insurance, mutual funds and meaningful asset allocation can silently erode decades of financial progress and savings.

Keeping these core fundamentals in mind, let us look at five common mistakes that all investors should avoid to build a robust and resilient financial portfolio.

If you do not have a proper emergency fund, you are prone to financial losses during unforeseen events such as job loss, serious illness, or similar situations.

CA Divam Sharma, CEO & Co-Founder, Green Portfolio, explains this in detail, stating, "The biggest financi...