What is Jagoinvestor

“Money can’t buy you Happiness, but lack of it can certainly make you Unhappy”

The purpose of living in this world is not to make Millions! We came here to lead a happy life and to do things that we enjoy, make friends, enjoy little things in life and then die peacefully. Everyone wants to do this but more of us just never get there! Wonder why?

Through our life, we study, join companies or start our business, we earn and wait… then we just keep earning, earning and earning all our life. Later, we get married and have kids and all our life is gone in planning for them and managing our commitments. Everyone has to do this and there is no escape! But, how many of us do it smartly without much hard work?

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What Happens Currently?

In our country most of the people mess us with there Financial decisions, because of following reasons:

• Little or No awareness about Finance and Investing related Stuff
• Inability of take our financial decisions (actually any decisions)
• Wrong attitude towards Money
• No ability to judge right or wrong because of our analytical (in)ability
• Unprofessional way of dealing with Financial Stuff
• Low motivation for spending less than we need
• No analytical ability to calculate important things on his own

What is happening from Last many Decades?

• So called Stock markets experts decides the shares we buy
• Websites and Magazines decides which Mutual funds we buy
• Our Uncle or Cousin (who is LIC agent) will decide which policy we will buy.
• Agent who calls us on phone will decide which ULIP suits best for us
• Stock market crashes decides that we also think about Debt component in our portfolio

Where are we in this scene? Where are we in this decision making process? Why are we not taking our decisions ourselves? Why are we not giving Importance to this “extremely Important” Part of our lives, our Nation. I know Money is not important in Life and it won’t help you get what you want in life but having good amount of money and good financial life can leave you with enough time and peace of mind so that you can look after what you want in life. Having your Finances in place is Critical.

What is JagoInvestor all About?

Jagoinvestor is a Movement- a small vision which wants each person to know what he is doing in the space of personal finance. To understand how things affect him. It aims at empowering everyone with ability to judge what is good and what is bad for him. It wants people to understand the critical elements which are necessary to succeed financial in life. It does not mean that we are making you millionaires. The only aim is to take care of what you have in a best way. To achieve your financial goals in the best possible way.

• You should not be like the Family who lost 50% in a ULIP just because of not knowing the product
• You should not be like one of my friend who has taken lot of Insurance without having any Financial dependents
• You should not be the one having 50,000 as monthly salary, Parents, wife and 2 kids with 8-9 lacs of insurance (believe me , this is exaggeration) because you think Term Insurance is waste because it does not provide any return
• You should not be the one who invests money to double in Stock market because you have to pay your brother’s MBA fees next year and you think you can get a cut from a bull run
• You should not be the one who invests in LIC endowment policy just because the agent is your “Uncle” and has good relations with your Father and you cant say “No” to him  (I hate this one)
• You should not be the one who is putting most of his money in Fixed deposits from last 24 yrs

Financial Planning is one of the most important aspect of one’s life. Most of us do not acknowledge this and don’t want to work upon it either. This part of your life is the one which is invisible to you but everything is connected to it. If your Financial life is messy, other parts will Stink, believe me and it would be very late by the time you can fix it. See Why you need a Financial Planner.

Be a part of Jagoinvestor and take part in improving your Financial decisions

What do you think about this article, please share your views, what is your idea of “Being a Informed Investor”?

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