If you are young – in early 20s then from your first salary itself invest an amount into flexi cap or index direct equity funds.
Have an advisor who would advise you on which Mutual funds are good.
Don’t have more than 5 funds.
Don’t think about:
– timing the market
– don’t buy individual stocks
– just invest every month via SIP
– don’t trade, avoid FNOs, skip leverage
Discipline investing in average instruments is better than
indiscipline investing in above average instruments.
Even if you are in 30s, it’s great to start, now.
You can easily double your money in 6 years, even at 12% CAGR.
Don’t spend more than 30 mins a week.
But do spend 30 mins every Sunday.
This is sufficient & necessary.
“Less is more” in investing/wealth creation.
Simple, Boring, Sustainable strategies build wealth.
Have fun – go on dates, follow hobbies, be passionate about causes. Else you risk over analysing.
I made a mistake of over analysing, neglecting disciplined investing and missed 3-4 years.
Hence sharing my thoughts with you!
I am systematically deploying my savings over the course of the next 8 to 12 months in Direct Equity Mutual Funds.
Comment “Interested” to get the link of 5 free YT podcasts that helped me develop my strategy.
If you are a Mutual Fund advisor then I would be happy to talk, take your consultation.
Disclaimer: These are my thoughts and opinions, I don’t make any money advising, nor plan to enter MF business.
Just an attempt to bring more content and more credible instruments & strategies that we can explore and understand.
#ChinmayaAmteExcel | 67 comments on LinkedIn
Originally posted on LinkedIn.
