What are some of the investment mistakes people do in India?

From my experience, here are the biggest and most common investment mistakes people do in India:

· Buying a 1.5–2Cr apartment to get 30–35k rent per month.

· Selling equities when the market is falling and buying when the market is rising.

· Buying excessive gold for long term wealth creation.

· Mixing insurance and investment in one product i.e. ULIP.

· Buying the most expensive phone/car model and least expensive health insurance plan.