So my respected seniors including juniors.
Ab suspense mai nahi rakhunga....i will share my idea
Baat ye hai regret waale emotion ko lekar.
Chapter 1 - Trap
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Many a times i had also felt regret after the deeds, also for few days my mind goes against me saying "tujhe invest karna chahiye tha or moot maarle akele & daaru pile...etc etc"
Also the only same Mind at the end of the month during salary credit day says... Jaakr chod ke aaja kisi indie ko, yaa full night sex karle.. 4k for 2 kaa maal hai..jyada paisa kharcha nhi hoga... Jyada se jyada 6k hoga .bindaas ja...
But after deed i explained the first point.. feeling regret & frustration.
Its the only Mind that plays tricky/trap game with us.
Chapter 2 - Breaking the Trap
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First of all many members here are married some of them are not married.. some of people staying in their own home some of you living on Rent like me.
The point here is no matter how much we earn, the question that we have to ask ourself is how much we saved..... Jab pocket mai paisa hoga tab any how use to karna padega...kitna bhi koshish karlo...paisa rukega nahi...infact bank mai bhi paisa hone do...Govt. ne Gpay/phonepe etc applications provide karaya to kharcha hona 100 percent sure hai... There is no doubt in it.
Solution- On salary credit day withdraw only 5k/10k as a pocket money & rest remaining money invest in Mutual fund for Long term or Bluechip stocks... I would rather say... Mutual fund is best if you want to be financially stable in next 15 years.
Why mutual fund ?
By looking at the current situation we all know who will win election.....Nifty is at 22k and i am 100 percent sure market will cross 25k after 4th june.
With this MF Nav will rise & each and every stocks will boom.
Which mutual fund to pick?
If you are new then pick - any Nifty 50 Index MF ( for atleast 15 years)
Psu MF - it will rise after election results ( quant psu fund)
Sbi new opportunities fund
You people can also calculate returns...for sip or lumpsum .. calculator is freely available on Google.
Guys you have to stay for long term investor in order to be financially stable.
Conclusion -- We have the ability to trick our Mind by only having few bucks in our pocket for our monthly expenses and rest invest agressivly. Also send your emergency funds to either wife or parents bank account.
This is how we can save money and be happy
Guys if you like my idea please like.
Everybody has different profile, requirements and appetite.I am in difficult situation ATM I need 1-2 crores bare minimum in 3-5 years.Its not unreasonable want I need that I am 29 my personal expenses bare minimum .Its uncalled situation I am in.I don't have much skills or knowledge to exponentially increase my income to gain that sort of wealth in short period of time .
What I have two unique skills of taking risk and confidence of getting work done.
One cannot make wealth by investing after deducting personal expenses and daily expenses.You invest first and keeping aside for daily expenses .
Mutual fund is safe asset but it is not going to make you any wealth if you not going hold for very long term and let the compounding work.It requires a decent chunk of SIP IF going for 3k -5k stop it rather improve your skills to improve income instead.
I did lump sum investment in COVID of around 10 lakh.My requirements and risk appetite was different back then.
There is no transperancy.You are getting 12-20 percent with a pooled fund.Fund can stop lumpsun whenever they want.Fund can do ghotala (Axis mutual fund did it .
If I want 12 percent i can just go to some to credit society or company and make fd and give them loan instead
Rather than mutual fund i would rather go for nifty bees or simple index funds which is guaranteed to not go zero and will double in 5-7 year horizon
But equity is different ball game altogether there several sector tailwinds and headwinds since COVID 19 India growing economy on growth path . Even our economy Might even become 3x. Several multibaggers available waiting to be discovered.
It's the risk you take by going out of the comfort zone that will make you rich.
An Archer cannot hit the Bulls eye if he doesn't know where target is."~ Anonymous
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