I think it is very unlikely that a middle class investors will see a 1cr mark, if they do not have the basic arrangements done : emergency fund, mediclaim, closure of any high interest loans.
Heard the podcast #moneymindset hosted by @_soniashenoy where Mr Ramesh Damani was the guest. Really admired the way he quoted so many personalities. Took some key learnings from this podcast โ๐ฝ
๐ก *"Save"* from *The Psychology of Money* by @morganhousel: Wealth is invisibleโbuilt by saving, not spending. Save for freedom, options, and peace of mind. ๐ฐ Stay tuned for my blog diving deeper into this chapter! โ๏ธ #PsychologyOfMoney#FinancialFreedom#Save#BlogComingSoon
@ninayelly0611 Study the fundamentals of the company. In my opinion, the management of any company is crucial. If I need to own a company 's share I need to know about the company. It's not just about the target price, it's about the company's attitude.
"Patience pays off in the stock market. While impulsive decisions can lead to losses, those who wait strategically often reap the rewards. The market rewards discipline and long-term thinking over quick, emotional moves. Remember, wealth isnโt built overnightโitโs a marathon.
Being a long term investor is possible even if you are the bread earner in your family. Remember, no matter which class you belong to, your investments should never choke your fixed expenses.
๐จ *"In the short term, the market is a voting machine, but in the long term, it is a weighing machine."* โ Rakesh Jhunjhunwala
Short-term = emotions & trends.
Long-term = intrinsic value & patience.
Focus on quality, not noise. ๐ก
#Investing#StockMarket
For me, the mandatory question before investing is " what is the objective that I want to achieve through this investment?" The answer must be clear in my head to prevent distractions down the line.
The biggest asset that any of us have is time. Use it wisely. Prioritise your time to things which should get most of it to things which should get the least of it.