New Delhi, Sept. 7 -- Investing regularly does not help much when your decisions lack direction and clear thinking. Chasing quick profits or copying others can leave your financial goals out of reach. These 5 common mistakes could explain why your investment strategy makes very little sense.

Investing without clear goals is like travelling without knowing your destination. You might buy shares because colleagues discuss them during lunch. However, their needs, income and responsibilities may differ from yours. Start by identifying what your money should achieve. You could be saving for education, a house or retirement.

Give each goal a realistic amount and deadline. Then choose investments matching your timeline and comfort with risk. M...