I have been meeting a lot of people..of course. I ask them many things and of them one of the imp questions is “what I wish I had known when I was in my 20s or 30s”…here…

1. I should not quit my current job without having a job in hand
2. I should NOT encash my provident fund, just because I could
3. Choosing a company without Provident fund, because the take home pay would be higher
4. Not starting INVESTING soon enough
5. Trusting somebody and buying a LIC policy
6. Thinking I can get some instrument which will pay 20% p.a. year on year for 20 years
7. Thinking investing is about picking the best share to buy, REGULARLY
8. Trading = Investing!
9. Ulip is an investment
10. Opening a brokerage account will make me rich
11. Not understanding the power of compounding
12. The amazing power of sitting tight on a good portfolio
13. The power of passive income
14. Long term impact of inflation
15. Nobody talks about risk, every body talks about returns
16. All ‘side business’ like car hire, etc. come with HUGE risk
17. Its not scary to invest
18. Debt hurts, and kills too
19. Investing is beyond Lic, ppf and post office
20. My father was wrong – investing is not a bad thing for middle class kids
21. Learning how to invest in Individual shares
22. Learning to read the balance sheet
23. Attending “how to invest in shares” is an awesome investment for the person CONDUCTING it
24. Understanding that the market moves in cycles
25. Thinking that Saving = Investing!
26. Saving will NOT make me rich!
27. Steps to wealth include understanding risk, return, equities, life insurance, READING FINANCIAL labels!
28. I need to say NO
29. Simplicity in investing and in life
30. De-cluttering and meditation

When I ask people to invest people ask me:

What if I lose ALL THE MONEY?

If I do a sip for 30 years of Rs. 25000 a month, I would have put Rs. 90L….can you PROMISE me that I will get back AT LEAST Rs. 90L?

I tell people…”its kinda difficult to lose ALL your money if you do a SIP in a good equity fund for a 30 year period”. However people forget the MOST IMPORTANT byline….PROVIDED YOU DO NOT INTERRUPT THE COMPOUNDING…