Smart ways to invest and attain early financial freedom

  Worth seeing this Oprah interview with Robert Kawasaki on "How to become rich" http://youtu.be/hA0CALMxhew

This is a question that comes up in each of my wealth advisory sessions. Lately, with the stock markets going up, I see this coming up a lot more often than before.   In the past 12 months the BSE Sensex has gone up by 36%. Every week it is scaling new highs and even though every investor is happy seeing his portfolio go up – he/she also knows that it is only paper money, till the stock is sold and the money comes into your bank account. So the question is - should I sell my stocks?   As per me – there are only three reasons for exiting an investment. They are:   You need the money for an expense - for example you need money for a planned car upgrade or an unplanned hospitalisation.  You have investments giving you great returns – but what to do – you need to sell
Thanks to Angad Arora for sharing this article -  surely a great read -I was nodding my head in agreement and smiling as I read it :-) Read on - http://www.entrepreneur.com/article/236298
As a starting point, you may like to read my last post on tax saving options -http://mbaclassdiscussions.blogspot.in/2011/12/how-to-save-tax-under-section-80c.html Not much has changed since I last wrote this - except one thing - the finance minister, Mr Jaitley, has increased the amount that you can invest under this section from Rs. 1.0 lac to Rs. 1.5 lacs per annum from this year. Tax saver Mutual funds are basically equity funds that have 60% plus exposure to equities. To avail of tax benefit, you need to stay invested in the fund for three years and that is where the catch is. In Mutual funds, I do not believe in committing to stay invested in one fund for so long. With the markets being so dynamic, I believe in keeping a check on MF’s every quarter and changing my portfolio if the situation demands.
Glad to share that today's Economic Times Wealth has featured the lead article on "Stock market investing for first time investors" where they have quoted four first time investors - and all four of them are from our Private mailing list for Equity group. Plus they have referred to me and my book and I am happy for that.  You can read a shorter version of the article here - http://bit.ly/1qTH8CV The print version is longer and has quoted and put photos of Tejas, Puneet Arora, Ashotosh Singh and Sandeep Pandita. Congratulations to all four of you for having come in a national media. Her