Namaste & Greetings,
Just like we clean our home during Diwali, we purify our
home during Holi by the HOLIKA
DAHAN.
Surprisingly, the Diwali festival comes right in the
MIDDLE of our Financial Year and the Holi Festival comes at the fag end of the
Financial Year reminding us at 2 crucial times during the year to implement the
lessons from these festivals.
Purifying our portfolio by revisiting our risk profile,
asset allocation and investments will help us evaluate where we stand and take
corrective action if required.
WIN OF GOOD OVER EVIL
Just as HOLIKA could not harm, and the fire was not able to
burn Bhakt Prahalad,
similarly, inflation and taxation cannot harm an investor
who does regular investment (like a SIP) and most importantly, STAYS INVESTED
during market downtrends.
Do not get swayed by the influence of Free tips on
social media and get burned. Do not try to time the market and most
importantly, do not procrastinate.
Follow strict asset allocation and make sure you are
ready with a HUGE CORPUS to face the evil period of
NO INCOME AND ONLY EXPENSES
(post-retirement)
Remember,
After retirement, our investments need to serve 2 very
different purposes:
1) provide a
stable monthly income and
2) ensure that
the principal keeps growing faster than inflation so that as time passes and
prices keep rising, higher monthly income can be provided.
Inculcate Wealthy Habits and
with Wisdom of Wealth, come out of the burden of debt,
diversify,
invest in Inflation Beating assets,
accumulate a good corpus and
have a golden time during your golden years.
MULTIPLE COLOURS :
Holi is much more exciting and enjoyable when we have
more than 1 colour.
Similarly, upscale from middle class to Rich and then
onto becoming Wealthy, an investor needs to have multiple streams of Income.
Besides Salary, it would be prudent to have income in
form of Dividends, Interest, Rent, Capital Gains, all of which can be had from
investing in Mutual Funds.
Even in Investments too, you are always better off by Diversifying
and having multiple asset class exposure to help you reap dual benefits of
protection from volatility and a happier investing experience.
Hence, having investments in Equities, Debt,
International Markets, Real Estate, Gold, Silver, Fixed Income like Annuities
& even Crypto is essential.
AVOID ACCIDENTS, PLAY SAFE HOLI :
During the festive zeal and overenthusiasm, there could
be scope for accidents that can be avoided with adequate protection.
Don’t use colour made from chemicals and preferably use
Organic Colours.
Likewise, have adequate Protection in form of Life
Insurance, Health Insurance and use Regulated Products and avoid
Unregulated Ones
Insurance protects us from unseen events. Losing
life/income could result in a complete stop to finances to the family. Insurance
will ensure that at least the finance part is taken care of and hence is an absolutely paramount and primary requirement of a strong Portfolio.
ENJOY THE SWEETNESS :
The amazing PURAN POLI & THANDAI bring completeness to the festival of Holi.
The preparation of both PURAN POLI & thandai is not
instant and takes its own sweet time.
Similarly, for us to enjoy the Compounding magic and get
true big Wealth, we need to WAIT and allow the compounding magic to work so
that we can reap the sweetness of our investments.
ADD COLOURS TO YOUR PORTFOLIO :
The colour GREEN is truly EVERGREEN and is liked by everyone.
GREEN in a portfolio is indicated by Regular
Income via FDs, Liquid funds, Annuities, Bonds, etc. The colour GREEN helps us
in giving adequate liquidity at all point of time.
RED to
beat the Inflation Devil and best way for this is EQUITIES.
YELLOW:
Stability. Asset class like GOLD and Arbitrage gives a STABLE look to your
portfolio
PURPLE: Luxury. Owning a Bungalow is symbol of
Luxury
PINK :
Pink is the GAINS we make in our portfolio. This could be
from any asset class and PINK is truly a colour which stands out.
Selecting the CORRECT COLOUR adds beauty to life.
Selecting the CORRECT FUND adds Wealth to Portfolio.
Take the help of your investment expert & get the
Right Colour combination to have a Colourful Life!!
Happy Holi
Srikanth Matrubai,
Author, DON’T RETIRE RICH.
Srikanth Matrubai
https://t.me/joinchat/AAAAAELl4KUnaJzi-JJlDg/
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