Smart ways to invest and attain early financial freedom

I am not one to forecast what will happen in the elections. But here are my thoughts of what to do post elections results are announced: If we get a stable and reformist government (remember that AAP did not seem to be reformist in Delhi) – Even though most of India’s economic problems are long term and cyclical in nature and will need more than 12 months to effect any change, the direction of government policies will make the stock market bullish. It would be easy to pick investing ideas –  most ideas will be profitable and it would be difficult to make mistakes.
Here is a question that you may have – “I  save Rs X per month and where do I invest  it – I am looking for long term investment (2-3 years atleast) and I am looking for good returns.” There are no straight answers to this question - the answer will  depend on the risk taking ability and life stage of the person investing. Plus as of now, there is the uncertainty of elections ahead and how does one recommend anything at all. 
Searching for good equities at the right price is a waiting game – one has to wait patiently. Over the past few months, there is news of more quantitative easing from Japan and Korea, the US stock markets are at an all time high, the US real estate market looks postive, the jobs data in US is starting to look OK, there is a seeming calm in the EU but the Indian political scene is unstable and does not give much confidence in the short term – with such good and bad news coming in,  the Indian stock markets have to be volatile. 
A discussion on Mutual funds – the types of MF’s and how to select the MF for investingMutual  funds are a very good way to start your investment journey and I recommend it to everyone who is looking at becoming rich. This session was aimed at sharing with my MBA students the logic used behind selecting the right MF -  many of my students will become Wealth managers next year  and this would be useful learning for them in their jobs (last year appx. 200 students from my institute joined the WM industry and this year I believe it will be similar numbers).As a primer to this session,
While I am aware that half of my readers are professionals in India and abroad who have been working for at least 5 years - this note is mainly for my MBA students who have just joined their jobs in the past one month. In this note, I am addressing those who are starting their careers in India and what is it that you need to do to start your investment journey.As you go through your career – you must remember that while it is important to focus on your earnings and your career growth – it is more important to focus on how you invest your savings. In about twenty years, those who did well in their investments would be far ahead financially than those who just did well in career /earnings.