Mistakes
What’s the biggest financial mistake you’ve made in your life so far?
Not buying a land when I was in school
Yes. We all regret not buying land / stock in 2008
😂😂😂😂😂
- Not starting SIPs earlier and not investing. Actually calculated the opportunity lost, and turned out - I could very well have got FIRE by now.
- Spending hell lot of money on booze, clothes, and smoking, when I should have been gymming and investing.
- Not starting up early. Didn’t have the guts or courage to do it. Had lots of ideas, most of which got implemented by lot of companies.
Mutual Fund is a Scam investing in Normal Blue Chips gives more returns
Earlier MFs were good due to the perseverance nature of MF managers, but currently there are very few Fund managers who has patience. Mostly owing to competition and showing better results, there are frequent buying and selling, probably because of which you may not be able to get good returns.
I always put my bet on the fund manager rather than returns from MF. That way, I have been able to get an overall close to 13% XIRR till date(includes all categories).
Education loan for masters abroad
Kitna liya bhai?
35L
I’m not sure if I’m in the middle of a mistake. But I’m quite hesitant to deploy my modest capital into any sort of markets. Everything seems overinflated. I have a nominal 30K sip into a flexi cap mutual fund. That’s all I have currently. I’m keeping all the cash with me (post-expense).
Markets are risky. Real estate is expensive. Job market is volatile. And I have no generational wealth.
Keeping cash means you are burning money uselessly, so yes that is a mistake. If you don’t know what to do, and you have enough cash for next 2-3 yrs contingencies, start putting the rest in index funds or ETFs.
2nd year of college, in 2013, a friend told me to buy some bitcoin. Thought it was a joke.
Bitcoin price 2013: Rs 1200 Bitcoin price 2014: Rs 45000
Bitcoin price 2021: Rs 45,00,000
Same here, professor told about Bitcoin and Blockchain in general. But didn't bought anything. Also the mining. One of colleague did mining - got to know much later. Too easy to mine bitcoing in 2013/2014
Got scammed on Discord. That's ₹25k I'll never see again.
Please enlighten us so that we don't make the same mistakes
Just don't give money over to strangers on the internet, even though they send you their Aadhar, PAN etc.
You think by asking for this you can get stuff sorted if they don't return your money. Let me burst your bubble that it won't do jack shit.
Investing in a flat. Less than FD returns.
Really? Where is your flat?
Location ?
Was told to invest in property preferably in land but I think investment in a flat won't be that bad ??
Could you explain more plz ?
