Would you rather take a cheaper ticket or board the correct train?
Like everything else, direct plans have a place of their own. It's not a blanket solution.
@SanketD_ET explains what this freedom costs us in this week's @ET_Wealth Freedom Special issue.
Introducing our next speaker, @maulikhpatel ,Head of Research at Equirus Securities. With over 15 years in equity research,he brings sharp sector expertise.He is ranked among the Top 10 sell-side analysts in Oil & Gas by leading institutional investors.
Join us in conversations!
The real question isn’t whether debt is good or bad, it’s whether it’s managed with foresight and responsibility.
With the right purpose and disciplined repayment, debt can support your long-term financial goals.
#SapientFinserv#FundRedemption#InvestmentTips#FinanceExplained
Breaking news: Generational wealth is the real self-care!!!
Don’t fall for the hype! If you feel stuck, it might be time to rethink your investment strategy, not your family’s wealth.
#sapientfinserv#finance#mentalhealth#financialliteracy#investment#financialfreedom #financialindependence #financialeducation #generationalwealth
We are back with our Annual Sapient Finserv Conversations in Guwahati, the only thing different this year is that it’s the 10th Edition and it’s gonna be bigger than ever..!! @BIVALKAR
My father started an LIC policy for my brother in 2003 .
It has just matured 2 years back and now we are getting 20K in every 2 years 😭😭😭😭 for next 10 years . And 1L at the end of 10th Year .
Story of every household !!
Stay away from LIC Wale Chacha
#Investing
A 100 PE smallcap company could well be a 10 or 20 bagger. An investor who is invested in a 100 PE company has a duty to his own success. He needs to protect it. He needs to watermark his capital.
But, sadly, the success goes to people's head. In one instance from the past, I told a friend in a very gentle way this "All of us are happy you had such a dream run in this stock. But owning the same stock has no further benefit. In fact, things could run down very fast. The promoter has raised huge sums through placement. Now, he will struggle to allocate capital sensibly and operate effectively at this scale. The market will also go for newer themes and these valuations will moderate. So taking your money off the table will safeguard you."
The friend turned personally abusive. I left it there. Five years later, he was a broken man, filled with regret that he didn't take the pot of gold home and instead left it on the streets while he was dancing in the revelry. He lost all the money. In fact, his portfolio never reached that value even 25 years after.
Today, the same history repeats with a younger generation. But, the arrogance, verbal abuse and overconfidence is many times more. When a fragile ego is the foundation of one's investing, skyscraper like success in a few stocks is actually a curse. The ego cannot handle the success and eventually the person can collapse.
That risk is real for many people. The irony is they mistake their arrogance for knowledge and their overconfidence for humility.