Read on Twitter
1/ 20
A honest thread on my journey on #investing so far .
Like all, I too hope to become Financially Independent someday. Sharing a few pointers ( mistakes and learnings mostly ) here , may be of use to a few youngsters .
+
@dmuthuk
@Vivek_Investor
A honest thread on my journey on #investing so far .
Like all, I too hope to become Financially Independent someday. Sharing a few pointers ( mistakes and learnings mostly ) here , may be of use to a few youngsters .
+
@dmuthuk
@Vivek_Investor
2/20
*BEGIN EARLY*
I began investing when I turned 18 whenever I had surplus.(Intermittently) Hardly anything honestly , but I started it nonetheless. Now when I look back , it actually helped . How ?
I used it for my marriage & to fund my other expenses later on in life . +
*BEGIN EARLY*
I began investing when I turned 18 whenever I had surplus.(Intermittently) Hardly anything honestly , but I started it nonetheless. Now when I look back , it actually helped . How ?
I used it for my marriage & to fund my other expenses later on in life . +
3/20
I wanted to see if I could achieve this by myself . It's not that my father did not want to help ,but I was stubborn. Our parents are not our piggy banks. We should turn to them for financial help only if NEEDED & not when REQUIRED. We should struggle a bit initially . +
I wanted to see if I could achieve this by myself . It's not that my father did not want to help ,but I was stubborn. Our parents are not our piggy banks. We should turn to them for financial help only if NEEDED & not when REQUIRED. We should struggle a bit initially . +
4/20
*MAKE MISTAKES EARLY ON*
Beginning early has its perks. We make a lot of mistakes in our greed to earn money, which we wouldn't normally . ( Yes, greed does have that effect ! )
I am a second generation investor & hence learnt a little more by observing dad and others . +
*MAKE MISTAKES EARLY ON*
Beginning early has its perks. We make a lot of mistakes in our greed to earn money, which we wouldn't normally . ( Yes, greed does have that effect ! )
I am a second generation investor & hence learnt a little more by observing dad and others . +
5/20
*LEARN FRON YOUR MISTAKES*
All of us make mistakes but few of us learn from them . Reading books helps to a certain extent but beyond a point you need to get your hands dirty . Simple as that!
I too made plenty of them !
. +
*LEARN FRON YOUR MISTAKES*
All of us make mistakes but few of us learn from them . Reading books helps to a certain extent but beyond a point you need to get your hands dirty . Simple as that!
I too made plenty of them !
. +
6/20
*HIGHER THE BASE GREATER THE COMPOUNDING*
We need a big base to get better returns . Hence focus on increasing EARNINGS by sharpening your skills & being recession proof but also increase your SAVINGS as well gradually. Initially, our savings shall be peanuts. !! +
*HIGHER THE BASE GREATER THE COMPOUNDING*
We need a big base to get better returns . Hence focus on increasing EARNINGS by sharpening your skills & being recession proof but also increase your SAVINGS as well gradually. Initially, our savings shall be peanuts. !! +
7/20
*DEBT FREE*
As we all know being debt free is stress free. Now easier said than done !
Especially when we are studying or don't come from privileged backgrounds !
Hence I suggest start saving early on. It's alright to work part time . No shame ! Been there ,done that ! +
*DEBT FREE*
As we all know being debt free is stress free. Now easier said than done !
Especially when we are studying or don't come from privileged backgrounds ! Hence I suggest start saving early on. It's alright to work part time . No shame ! Been there ,done that ! +
8/20
* SIMPLE LIVING HIGH THINKING *
With many apps now & easy access to stuff we tend to get impulsive .SALE DAYS ARE CRAZY ! I have seen women going crazy over bags & cosmetics costing 3 grand because it's available at 50%discount!
Men too are this way unfortunately! +
* SIMPLE LIVING HIGH THINKING *
With many apps now & easy access to stuff we tend to get impulsive .SALE DAYS ARE CRAZY ! I have seen women going crazy over bags & cosmetics costing 3 grand because it's available at 50%discount!
Men too are this way unfortunately! +
9/20
Instead enlist what all one needs and simply stick to that !
Life is pretty good if even we manage to tame our emotions a little. Simple living helps immensely in saving . Enjoy life but learn to avoid instant gratification. Many expenses will reduce automatically +
Instead enlist what all one needs and simply stick to that !
Life is pretty good if even we manage to tame our emotions a little. Simple living helps immensely in saving . Enjoy life but learn to avoid instant gratification. Many expenses will reduce automatically +
10/20
* TAKE EFFORTS TO LEARN *
No pain , no gain! So much of quality information is available online .Make the best use of it ! LEARN ! Don't run after the trend or gurus . Sit down ,invest some time and learn the basics first !
Without knowing anything DO NOT ENTER MARKETS. +
* TAKE EFFORTS TO LEARN *
No pain , no gain! So much of quality information is available online .Make the best use of it ! LEARN ! Don't run after the trend or gurus . Sit down ,invest some time and learn the basics first !
Without knowing anything DO NOT ENTER MARKETS. +
11/20
* DON'T ASK FOR STOCKS , ASK FOR KNOWLEDGE *
Stock tips don't work always. Initially it might click but someday we shall run out of beginners luck and lose it all ! Imagine losing our hard earned money because of depending on someone else's conviction ! +
* DON'T ASK FOR STOCKS , ASK FOR KNOWLEDGE *
Stock tips don't work always. Initially it might click but someday we shall run out of beginners luck and lose it all ! Imagine losing our hard earned money because of depending on someone else's conviction ! +
12/20
Everyone's expectations are different , capital in hand differs , temperament & knowledge differ .Even if good stocks are told we want better ones as we want to earn the maximum possible without understanding that our priority should be first to safeguard capital +
Everyone's expectations are different , capital in hand differs , temperament & knowledge differ .Even if good stocks are told we want better ones as we want to earn the maximum possible without understanding that our priority should be first to safeguard capital +
13 /20
and minimise losses in bear markets & with time a decent CAGR can give good returns. No need for multibaggers actually. Unfortunately greed & fear are powerful emotions & hence history repeats itself in markets with new victims each time. +
and minimise losses in bear markets & with time a decent CAGR can give good returns. No need for multibaggers actually. Unfortunately greed & fear are powerful emotions & hence history repeats itself in markets with new victims each time. +
14/20
* KNOW WHAT TO READ *
Don't be enamored by success stories of people being FI in 5 yrs or a decade! Read FAILURE STORIES.
There is always more than what meets the eye ! ( Inheritance, ancestral property etc )It took my dad 20-25 yrs to become FI without any support . +
* KNOW WHAT TO READ *
Don't be enamored by success stories of people being FI in 5 yrs or a decade! Read FAILURE STORIES.
There is always more than what meets the eye ! ( Inheritance, ancestral property etc )It took my dad 20-25 yrs to become FI without any support . +
15/20
* LISTEN TO ALL BUT ULTIMATELY STUDY AND TAKE YOUR CALL *
All of us have different opinions & what worked for some may not for others . So don't go overboard and BLINDLY CLONE. This happens due to inexperience with no knowledge of markets and with disastrous results +
* LISTEN TO ALL BUT ULTIMATELY STUDY AND TAKE YOUR CALL *
All of us have different opinions & what worked for some may not for others . So don't go overboard and BLINDLY CLONE. This happens due to inexperience with no knowledge of markets and with disastrous results +
16/20
* EVERYONE HAS DIFFERENT EXPECTATIONS *
Basically that is how markets function !Demand vs Supply . So don't expect a consensus on a stock . If it makes it to your check list , buy it .Borrowed convinction & debt both are lethal . Understand ,think and then purchase +
* EVERYONE HAS DIFFERENT EXPECTATIONS *
Basically that is how markets function !Demand vs Supply . So don't expect a consensus on a stock . If it makes it to your check list , buy it .Borrowed convinction & debt both are lethal . Understand ,think and then purchase +
17/20
* INVESTING OR TRADING ? *
I would say that depends on our skillset . One could be good at both or terrible at both ! We can find out only by trying. Very risky, though some people are brilliant at reading charts & analysis.I AM NOT!
To each his own !Make your own call +
* INVESTING OR TRADING ? *
I would say that depends on our skillset . One could be good at both or terrible at both ! We can find out only by trying. Very risky, though some people are brilliant at reading charts & analysis.I AM NOT!
To each his own !Make your own call +
18/20
* INDEX FUNDS SAHI HAI *
If you have GENUINELY tried and yet are unable to understand basics , either invest in index funds or buy good quality blue chip companies .
Anything else can prove disastrous .
Tone down your expectations and have a happy life ! +
* INDEX FUNDS SAHI HAI *
If you have GENUINELY tried and yet are unable to understand basics , either invest in index funds or buy good quality blue chip companies .
Anything else can prove disastrous .
Tone down your expectations and have a happy life ! +
19/20
* WEED OUT LOOSERS & HOLD WINNERS FOR LONG *
I did the exact opposite when I started ! Booked profits too early only to re enter later on at a higher price . My initial investment of 7000âč was on penny stocks . Guess what ? Lost 70% but learnt great lessons .
* WEED OUT LOOSERS & HOLD WINNERS FOR LONG *
I did the exact opposite when I started ! Booked profits too early only to re enter later on at a higher price . My initial investment of 7000âč was on penny stocks . Guess what ? Lost 70%
but learnt great lessons .
20/20
Don't be obsessed with markets . Enjoy the simple pleasures of life as well, for we don't know how many days we have left
I hope this honest thread helps someone.
Good luck with your investing journey & do take this thread with a pinch of salt !
@RichifyMeClub
Don't be obsessed with markets . Enjoy the simple pleasures of life as well, for we don't know how many days we have left
I hope this honest thread helps someone.
Good luck with your investing journey & do take this thread with a pinch of salt !
@RichifyMeClub
