A mountaineering club coach asked his students what was needed to climb a mountain. The responses focused on equipment and skills. The coach asked "Isn't the mountain the most important thing to focus on?"
When you know which mountain you want to climb, then you can decide on the right equipment and skills.
Likewise, in investment, the goal (or mountain) should be decided first. Investors should be wary of getting lost in the noise of data, market, trends.
When you decide on your mountain first, then it is easy to determine factors like time horizon, amount of investment, return needed, asset allocation.
A successful management consultant and angel investor, Rajesh recounts how an introduction to financial planning blew his mind
Why should young investors start thinking about retirement? How does starting early help investors meet their retirement needs with greater ease?
Women often overlook protecting their financial interests when raising their families as they don't believe things will go wrong in their marriage
Why should investors consider what legacy to leave for their children?
There is a lot of traction for absolute returns strategy in India. What is driving this trend?
For retail investors, suggest only funds with wide mandates like hybrids and multicap equity funds
As a young earner, you aspire for your car - it's no longer a luxury, it is a necessity. See this video before deciding whether it should be a new one or pre-owned
How is attending school and investing in mutual funds similar? Why do investors need financial advisors?
How should affluent investors choose between mutual funds, PMS and AIFs for investments?
Gifting property to your children as your legacy is not a great way to ensure they always remember you. There is a smarter solution
How can advisors nudge investors towards responsible investing when they are consumed by emotions of either greed or fear? There is an intelligent way....
You choose different modes of transport depending on the distance you wish to cover. Selecting mutual funds is very similar
How can investors take data rational decisions that leads to better performance of their investment assets?
Fund managers need to be appreciated as wealth creators
Hear this story of an ancient kingdom and its quaint customs to understand why the next 5 years are going to be the most important phase in your life
There is a very simple and easy to understand roadmap for you to become a crorepati. Here's how
A merchant navy professional want a shore job to spend more time with his family. Can he afford to do so?
If you do a comprehensive retirement plan, chances are it looks so daunting that you decide to drop the idea completely. There is however another way
What investment strategy should retired investors follow to build their wealth?
An automobile technocrat by profession, Jaishankar offers sage advice to young investors from his personal experience as an investor