Magical Gullak

[Magical Gullak @MagicalGullak]

Try to save something while your salary is small; it’s impossible to save after you begin to earn more.

–Jack Benny

[Magical Gullak @MagicalGullak]

The stock market is filled with individuals who know the price of everything, but the value of nothing.

–Phillip Fisher

[Magical Gullak @MagicalGullak]

"If stock market experts were so expert, they would be buying stock, not selling advice."

-Norman Ralph Augustine

[Magical Gullak @MagicalGullak]

"The first rule of compounding is to never interrupt it unnecessarily."

- Charlie Munger

[Magical Gullak @MagicalGullak]

Part of the reason forecasting the stock market and the economy is so hard is because you are the only person in the world who thinks the world operates the way you do.

#StockMarketindia

[Magical Gullak @MagicalGullak]

Successful investing demands a price. But its currency is not dollars and cents. It's volatility, fear, doubt, uncertainty and regret - all of which are easy to overlook until you're dealing with them in real time.

- The Psychology of Money
#investing #stockmarkets

[Magical Gullak @MagicalGullak]

Jeff Bezos once asked Warren Buffett: "You're the second richest guy in the world. Your investment thesis is so simple. Why don't more people just copy you?"

To which Buffett replied, "Because nobody wants to get rich slow."

#WarrenBuffett #investing #StockMarket

[Magical Gullak @MagicalGullak]

Invest in businesses, not in stories.

Yes, some stories will eventually become reality. But what's the probability of you choosing the right ones? Maybe 1 in 100.

#investing #StockMarket

[Magical Gullak @MagicalGullak]

Two worst enemies of an investor:

1. FOMO (Fear of missing out)
2. YOLO (You only live once)

#investing #personalfinance

[Magical Gullak @MagicalGullak]

By buying things you don't need at 30% off, you didn't save 30%, instead you wasted 70% of it.

#personalfinance

[Magical Gullak @MagicalGullak]

Biggest reason why people go financially broke :

Buying things for social validation.

#personalfinance

[Magical Gullak @MagicalGullak]

Money sitting in a savings account acts like it's on vacation, put it to work somewhere with a return.

#investing #personalfinance

[Magical Gullak @MagicalGullak]

Gold is an investment, jewellery is not.
Former is for wealth appreciation, latter is for social status.

#personalfinance #Gold #investing

[Magical Gullak @MagicalGullak]

The desire to look rich is the sole reason stopping people from ever becoming rich.

#personalfinance

[Magical Gullak @MagicalGullak]

Normalize talking about money, finances, investing & taxes.
Normalize brainstorming money moves with your circle.

#personalfinance

[Magical Gullak @MagicalGullak]

If something cost Rs. 2000 and you buy it on sale for Rs. 1500, you did not save Rs. 500.
You spent Rs. 1500.

#personalfinance

[Magical Gullak @MagicalGullak]

With so many stock market 'gurus' who are predicting the market there's no doubt that someone will be right from time to time.

However, no one can consistently be right predicting the market.

#StockMarket

[Magical Gullak @MagicalGullak]

A fund's past performance is NOT predictive of its future returns. Easy to say, yet difficult to practice this while choosing funds to invest in.

[Magical Gullak @MagicalGullak]

Never spend your money before you have earned it.

#personalfinance

[Magical Gullak @MagicalGullak]

One statement you're tired of hearing from the investing community?

I'll go first : "If you had bought X shares of Infosys in 1995, you'd have Rs. 100 Crores by now".

#StockMarket #investing