Smart ways to invest and attain early financial freedom

Happy to share that Jatin Khemani is being interviewed by one of India's big stock market guru - Mr. Ramesh Damani and is being featured in the CNBC's "Wizard of Dalal Street" program this week. Jatin Khemani is one of my students and has been mentored by me since 2011, both at a personal and professional level. He founded Stalwart Advisors and I have personally learnt a lot by discussing stock ideas with him - he is one of the two companies recommended by me in my equity page. Happy to share this

Dear Friends - here are two good articles (here and here) in Capital mind that I would like to share with you. Incidentally Capital mind is a great source of unbiased data based analysis for those who do direct stocks - I subscribe to this and it has surely helped me with better decisions in the past two years.

Friends - I do a lot of reading daily and I would like to share some of good content, that I think will add value and over time make you richer. Peter Lynch is a legendary investor who retired in the 90's. For over 20 years, he managed Fidelity's Magellan fund in the US, which gave around 29% ROI per annum under his stewardship and was the best performing fund worldwide in that era. In his book "One up on Wall Street", he shares his stock picking style. The book is very easy to read and gives one a very good idea of how the mutual fund industry works and how one should identify good companies. Highly recommended book for those who invest in stocks and mutual funds.

Brexit was not expected – most people assumed that the British will vote to stay in the EU and hence when the results came out yesterday, there was shock and surprise. The dollar strengthened, the pound weakened and stock markets as usual over reacted and fell globally and gold rose by about 4-5%. But these are all reactions from a market that is full of traders who try to predict what will happen in short term and try to make money on a daily basis. In the long run, I believe that not much will change. Brexit does not mean that UK will stop being part of the global trade and that the British will close down their country and will become an Albania. Life will go on in the UK and over time they will untangle the mess and will live happily ever after. Having said that, one still needs to look at reasons for Brexit and see how it will impact us in the long run. Globally the gap between the rich and poor has increased in the last 50 years and with the tremendous

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Over the past two weeks, I have been inundated by calls, sms’s and mails asking for “which stocks to invest in”. While I am happy that most of my readers are seeing the current market volatility as an opportunity - I am also advising everyone to be patient. I believe that the markets will be volatile for some more time and there will be better opportunities in the coming two months. Here is a chart that is self-explanatory. As you can see, the Shanghai composite had a great rise and so it logically should come back to it’s mean in the coming few weeks /months. I believe that despite all efforts by the Chinese government the index will fall