About
Jagoinvestor is a Movement , a small vision which wants each person to know what he is doing . 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 financially 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 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. 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 .
What Happens Currently ?
In our country , most of the people mess us with their 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 “extremelly Important” Part of our lives , our Nation . I know Money is not important in Life , and it wont help you get want 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 .
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{ 8 comments… read them below or add one }
I must say that you have a great about me page with a great domain name.
Thanks
i read this page ,i fully impresive i want to more use full tips to invest money.
Hi Ganesh
You should read all the articles on this blog , I am sure that you will be able to take good decisions .
Manish
Manish Chacha,
Aap to chadti jawani main hi budapa ka kyal rakhne lage ho…u seem to be in between a bollywood hero and a wall street a.k.a dalal street spouting fianancial guru..anyway i like ur ishtyle…
Jagte Raho,
Jagate Raho
ho ho ..
Thanks sir
.. Glad you stopped by
. I like your ishtyle of comment too
Manish
Dear Manish,
Thanks for this website. Its really informative and educational.
I am 30 yrs old and have never invested for the sake of growth until yet.
Whatever I did was mainly for saving tax and it has not given me any kind of returns.
I am married now and plan to invest cautiously but expect relatively good returns. I did read some of your articles
and will continue to read other articles too. However, because I am still new to this, may I ask you to suggest some good investment options
available these days. Thanks in advance.
Regards
-Gaurav
Gaurav
Thanks for your first comment .
For your age profile , you are newly married and are entering the “reponsibility world” soon . Its important to plan for your long term goals like “child education” , “retirement” , “home” etc .
So the best thing would be to look at each goal , identify the target amount , identify the amount you need to invest per month considering the kind of retuirn you can generate and then keep investing with discipline .
You can look at ETF’s . Equity Funds , Index Funds , Real estate for long term goals
you can look at FD , FMP , debt funds etc for short term goals .
The best thing would be to look for a good financial planner , watch out for my next articles
. I will talk about it .
Manish