Thugs of Investor’s Money

People fail to believe or have trust.

We, the people, make same mistakes again and again, yet never learn from it.

Why do people take undue advantage of us?

Any Guesses…..Because we give them the sole right to take from us.

Have a look at these headlines & try to understand our behavior.

Sanskar Investor Scam – 100 Crs

Saiprasad Group of Companies Fraud – 4000 Crs

Maple Group fraud – 400 Crs

Q-Net Multi Level Scam – 2 Crs

Janata Sahakari Co-operative Bank Fraud – 5 Cr

Defence Personnel Co-operative Hsg Society Scam – 3500 Crs

The Royal Twinkle Star Club & Citrus Check Inns Scam – Over 8000 Crs

DSK Scam – 2043 Crs

Rose Plotting Scam – 400 Crs

Amit Bharadwaj’s Bitcoin Ponzi Scheme – 2000 Crs

Rs. 20000 Crs Scam in Pune in 5 yrs

Recent News:-

A Dombivli Jeweller duped people of 15 Crs

According to Financial Stability Report released by RBI on June 26 says, In 2018, there are more than 6000 registered fraud cases amounting to losses of more than 30000 Crs.

In my understanding, people are growing impatient & lack three important virtues of investing – Contentment, Pragmatism & Contemplation.

Contemplation states that Blindly chasing investments for Windfall Returns has its pitfalls.

In current market situation, not a single entity or person can assure or guarantee you extra-ordinary returns.

Patience is a good virtue.

Please remember the fact:

Great Returns / Success is derived from Long Term Patience, Contentment, Pragmatism & Contemplation.

#kaustubhdeole

#theequitylearners

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#learningneverstops

Do you Really want to get Rich / Wealthy?

Ask Yourself – “Do you Really want to get rich / wealthy”?

Is it on your priority list OR are you happy going through life living salary to salary and retiring at 58 and then wondering how to spend the next 20/30/40 years of your life?

Not many people are cut out to create wealth. In fact most people do not.

How much time do you spend each day thinking about it?

What?

You don’t even think about financial independence once a day and you expect to get there in your 40s?

Forget about it.

You think you CANNOT resist spending Rs. 200,000 on that bike that you are dreaming off or on a car costing Rs. 12,00,000 when you have not thought about Investing for Financial Independence?

Forget financial independence in your 40s, after all you do not want it as badly as you want your car or house, do you?

Likewise, what are you willing to sacrifice to build your Retirement corpus? It takes some sacrifice, and the longer you delay that sacrifice, the larger the sacrifice becomes.

If you are 33 yrs, and not yet set up any SIP for retirement, and all your money is in Bank FD, Real Estate, ULIPS, LIC etc, kiss your early retirement / wealth creation dreams a Happy Goodbye.

Cost of Delay:-

The longer you delay the lesser the chances of you being able to create any wealth.

The longer you delay, the lesser retirement corpus.

The longer you delay, the longer you have to work.

The longer you delay, higher chance of you working forcefully even if your health doesn’t support.

The longer you delay, the sooner your happy retirement dreams will fade away.

#theequitylearners

#artharthifinancialservices

P.S- Interested people can contact us for Financial Independence Program.

Money Lessons for your Kid Part – 3

Changing times, social media like facebook, instagram, whatsapp has impression on kids.

Learn how to teach them money lessons.

Money lesson for your kid aged 15-16:

Explain loans & credit reports before the bad habits of his peers get ingrained in him. Ensure he understands the importance of high credit score to eventually get the loans for things he wants, e.g. a house or a car in future. Make him understand how loans work — principal, interest, repayment, good loans Vs bad loans, tax benefits (80C, 80E etc), Insurance cover for loans etc.

Money lesson for your kid aged 17-18:

Give them more leeway in Bank A/c where they can store the money & write cheques. Don’t add money to this account. They should fund it from their savings. Have them write cheques for costs like student activity fees, and sit down with them monthly to balance account. Also, discuss topics like work-life balance, financial freedom etc.

Money is great, but it’s worthless if you’re not leading a balanced life.

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#kaustubhdeole

Money Lessons for your Kid Part – 2

Why Money Lessons are important for your kid in changing markets.

Money lesson for your kid aged 11:

Keep pointing out advertisements of different brands to your kid. Explain how they try to manipulate consumer’s emotions by making their products look cool through paid advertisements.

Money lesson for your kid aged 12:

While shopping, point out a cheaply-made product & a higher quality alternative, explain the difference (the feel of fabric, brand etc.) and how to choose between the two. If you buy eco-friendly product, explain why you’re willing to spend more on it. She should learn smart purchases rather than just the cheapest.

Money lesson for your kid aged 13:

Get in the habit of clarifying financial concepts. Tell your kid, ‘I invest in Mutual funds, Bonds, Stock Market etc to make money grow’. Show the ups & downs of Nifty (just call it ‘the market’) and explain why people invest in it.

Money lesson for your kid aged 14:

Make your teen work for extra allowance, e.g. chopping vegetables etc. Let her feel the power & freedom of making & spending money. E.g. if she wants a Rs 1200 jacket, explain that she’d have to babysit for 12 hours at Rs 100 per hour to afford it. Convey that she has to work in order to get what she wants.

#artharthifinancialservices

#kaustubhdeole

Investments & Thali Connection

What are the different varieties of food in a thali?

We all would have tasted at least once any thali’s.

As thali has different food like pickle, papad & rice, your portfolio should also have different assets.

All food proportions are different. Rice is more, cucumber & pickle is less, similarly, risky assets should be less & quantity should be checked.

Our diet changes depending on the age & ability to eat. Similarly, our investment portfolio should also change with age & needs.

Kaustubh Deole

How to Retire Peacefully?

We all invest for some objective, but are the investment baskets the right avenue to invest?

Will it yield the required corpus in a particular time frame?

The image is based on true & live story of the happenings around.

I pray this should not be your case.

Educate yourself while Investing.

Keep right approach while Investing & stick to it.

Kaustubh Deole

How to be Happy & Successful in Life?

munger

By Charlie Munger

If all you succeed in doing in life is getting rich by buying little pieces of paper, it’s a failed life. Life is more than being shrewd in wealth accumulation.

A lot of success in life & business comes from knowing what you want to avoid.

Develop good mental habits. Avoid evil, particularly if they’re attractive members of the opposite sex.

If your new behaviour earns you a little temporary unpopularity with your peer group, then the hell with them.

Beware of Envy

The idea of caring that someone is making money faster (than you are) is one of the deadly sin. Envy is a really stupid sin because it’s the only one you could never possibly have any fun at. There’s a lot of pain & no fun.  Why would you want to get on that trolley?

How to Get Rich

Spend each day trying to be little wiser than you were when you woke up. Discharge your duties faithfully. Step by step you get ahead, but not necessarily in fast spurts. But you build discipline by preparing for fast spurts.

The Importance of Reading

In my whole life, I have known no wise people who didn’t read all the time. You’d be amazed at how much Warren reads.

I think when you’re trying to teach the great concepts that work; it helps to tie them into the lives & personalities of the people who developed them. I think you learn economics better if you make Adam Smith your friend. That sounds funny, making friends among the eminent dead, but if you go through life making friends with the eminent dead who had right ideas, I think it will work better in life & work better in education. It’s way better than just being given the basic concepts.

Reduce Material Needs

Most people will see declining returns (due to inflation). One of the great defences if you’re worried about inflation is not to have a lot of silly needs in your life. You don’t need a lot of material goods.

Avoid Debt

Once you get into debt, it’s hell to get out. Don’t let credit card debt carry over. You can’t get ahead paying 18%.

The Decline of Public Schools

You could argue that (the decline of public schools) is one of the major disasters in our lifetime. We took one of the greatest successes in the history of earth & turned it into one of the greatest disasters in the history of the earth.