As tightly said we give a sneak peek in this forum everyday to find something new, similarly most of us here don't know jack about investment and how it works. For instance a person like me might ask a question which might sound stupid but it's an important question for me to know. Hence why not create a separate forum to discuss investment and how we all can grow money, spend time discussing this topic.Everybody has different profile, requirements and appetite.I am in difficult situation ATM I need 1-2 crores bare minimum in 3-5 years.Its not unreasonable want I need that I am 29 my personal expenses bare minimum .Its uncalled situation I am in.I don't have much skills or knowledge to exponentially increase my income to gain that sort of wealth in short period of time .
What I have two unique skills of taking risk and confidence of getting work done.
One cannot make wealth by investing after deducting personal expenses and daily expenses.You invest first and keeping aside for daily expenses .
Mutual fund is safe asset but it is not going to make you any wealth if you not going hold for very long term and let the compounding work.It requires a decent chunk of SIP IF going for 3k -5k stop it rather improve your skills to improve income instead.
I did lump sum investment in COVID of around 10 lakh.My requirements and risk appetite was different back then.
There is no transperancy.You are getting 12-20 percent with a pooled fund.Fund can stop lumpsun whenever they want.Fund can do ghotala (Axis mutual fund did it .
If I want 12 percent i can just go to some to credit society or company and make fd and give them loan instead
Rather than mutual fund i would rather go for nifty bees or simple index funds which is guaranteed to not go zero and will double in 5-7 year horizon
But equity is different ball game altogether there several sector tailwinds and headwinds since COVID 19 India growing economy on growth path . Even our economy Might even become 3x. Several multibaggers available waiting to be discovered.
It's the risk you take by going out of the comfort zone that will make you rich.
An Archer cannot hit the Bulls eye if he doesn't know where target is."~ Anonymous
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