New Delhi, June 6 -- Beginning your investment journey in your 40s might easily feel late, still it is far from a lost cause if you plan efficiently. This can be achieved with the right mindset and sensible decision making. Not only this, with guidance from financial advisors and investment professionals you can build significant wealth and secure your retirement.

Most individuals in this age group are at the peak of their earning potential and money making capacity. Such a situation offers a unique opportunity and an advantage despite a shorter investment horizon. The focus should be on adopting a calm, disciplined, goal oriented approach while side stepping common financial pitfalls.

The first priority should be given to take stock of...