Becoming Rich ~ Basic Of Investments
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I see lot of misconceptions among dimers on investments and sadly most of them are guided with wrong approach, say becoming rich overnight by grabbing a multibagger stock. So thought to share whatever little I learned because sharing is caring. Also this thread is not meant for tips providers or day traders. I may share some mutual funds schemes but will strictly avoid stock specific posts.
Let's start with some thumb rules.
1. There is no shortcut in becoming rich, overnight.
2. Invest your time in books first. Read as much you can. On Lynch, Graham, Fisher, Buffet.
3. Have a tough mind. Behavioral finance is more important than monetary finance.
4. Keep patience. Just follow discipline approach.
5. Start at young age. It will let you take more risk and thus reward you more.
6. Select a strategy, I advocate for easy asset allocation strategy, stick to it.
7. Don't put all eggs in one basket.
8. Stop watching CNBC, ETNOW, ZEE Business, reading pink financial porn. Trust yourself.
9. Avoid noises. Stick to plan, your strategy. Don't panic. FED rates, Bihar Results, GST clearance is not in your hand, your portfolio is. Stick with it.
10. Don't be impulsive. That's what traders do. Investors waits for days, months and years to invests.
11. Learn technical, fundamental analysis basics. Zerodha Versity is best site for such learning.
12. Do not time the market. Just have time in market, longer you stay, higher the returns could be.
13. Invest money which is not required in emergency. Have all insurance ready like health, term or home. Keep emergency fund aside.
Will talk on most important aspect of investing, Asset Allocation and how to get right mix next time.
https://www.desidime.com/discussions/becomeing-rich-basic-of-investments?page=2#post_6301797
@marketdimer kaha ho sahib
Margdarshan dooo 
https://www.desidime.com/discussions/becomeing-rich-basic-of-investments?page=2#post_3212885
+1
@Ishan wrote:
@marketdimer plz don’t let this thread die.. it’s been over 2 months since any update.. this thread can prove to be very useful as few others on dd.. plz make sure to update it with further education, ur experience nd some gud tips whenever possible.
https://www.desidime.com/discussions/becomeing-rich-basic-of-investments?page=2#post_3212917
@dharmanath481 wrote:
LOL that golden opportunity has still not come in last 10 years I have been tracking.
Economy is gone bad and what not but have not seen real estate prices gone down so much that it becomes lucrative. Builders are feeling the pain since they don’t want to let go the price hold so its their problem and its the bargaining chip buyer has in hand.
when it comes to lakhs of students graduating each year and want to settle down they need space. gone are the old days when 3 couples shared a 1bhk house parental home with their kids .
my brother exactly sounded like you. why are you buying a house in pune when you can rent it cheap? the market is bad and will fall…
he has the money but its rotting in bank while I stretched and bought my present house in pune for 38 lakhs (had studied the area fully and took the jump in 10 minutes)
38 lakhs property bought in 2010 is now valued for 75 lakhs (buyer gave an offer) plus later found there are hidden gems like society has way too much additional FSI. so if it goes for redevelopment in next 10 years each 2 bhk owner will get 4bhk plus over 30L cash.
not just the value doubled but also got to stay in it for free if i can put it that way.
to smash your comment on keeping money in bank account is absolutely dumb… that 8-9% in FD is actually just 6.8% after deductions. so if we both start on paper as having cash in hand and a good CIBIL score. you would have been poorer with your money in bank because of inflation while I more than doubled it in real estate.
Disclaimer : you have to study a micro marjet in detail and wait till you find a gem. for me its sime times 1 year of research.
please read Robert kiyosaki’s rich dad poor dad and adapt then to your life
any other things to keep in mind while investing in real estate i.e investing in flats of developers
https://www.desidime.com/discussions/becomeing-rich-basic-of-investments?page=2#post_3213107
@zafarkhan4433
I have tried to give what I know. for more you need to read articles in business newspapers, magazines and talk to people in the business. may be first thing you should do is make friends with Chartered Accountants who were in with you at school. Check your schools alumni database.
https://www.desidime.com/discussions/becomeing-rich-basic-of-investments?page=2#post_6302051
@marketdimer – I hope you now got your new mobile 
Please hum garibon ka marg darshan karo bhai
https://www.desidime.com/discussions/becomeing-rich-basic-of-investments?page=2#post_6302077
Good topic and that too 14years back.
Did DD exist at that time?
https://www.desidime.com/discussions/becomeing-rich-basic-of-investments?page=2#post_6302099
Small correction … 4 years ago 
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@marketdimer plz don’t let this thread die.. it’s been over 2 months since any update.. this thread can prove to be very useful as few others on dd.. plz make sure to update it with further education, ur experience nd some gud tips whenever possible.