financial independence
financial independence | How To Achieve Financial Independence?
Unlimited money is everyone’s wet dream.There’s only 2 ways to achieve it: 1) Born to a rich family 👨👩👧👦 2) Investment planning 💰A lot of us fall in category 2 but it’s easier said than done.Most of us don’t understand how to pick mutual funds – there are 3000+ options. We don’t know how to do asset allocation, goal based rebalancing. Even if we do know, we forget to do it coz we are all busy bees working 9-5 jobs if not more.In the little time that we get, most of us make the cardinal mistake of looking at only past year’s returns. We invest in the top ranked mutual fund of last year and keep repeating the process. Intuitively it sounds like a master plan but in reality it gives shit returns.According to a research conducted by Business Line if you do that your 10 year returns will be only 7% compared to 11% if you had stayed with the same fund. 😓This happens because you are not smartly moving your money between equity, debt and gold depending on varying market conditions.Asset rebalancing is a fancy word for this. Having the right asset allocation is 90% of the job when it comes to investing.You can do it by yourself but if you’re lazy then I’ve got your back.I’m proud to partner with @etmoney_official to launch their Genius product.What does it do? Genius understands your risk profile and time horizon to suggest customised Index MF Portfolio of Equity, Debt & Gold.They also recommend you to rebalance the allocation among equity, debt and gold based on market conditions and based on whether your goal is near.As per backtested data, their High growth Mutual Fund portfolio has given 16.3% CAGR over the past 15 years against the 12% of the benchmark. 📈My favourite data point is that their probability of getting more than 8% is 100% over an 6 year period.➡️ If this is something that interests you, then click on the link in the comment section (pinned) to invest with confidence and assurance.Link:(Partnership with ET Money) . . . . . . . . . .#financewithsharan #stockmarketindia #investingforbeginners #personalfinance #moneymanagement #moneytalks #mutualfunds
How To Achieve Financial Independence? | financial independence
#Achieve #Financial #Independence
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