Our 7th ‘Investor Story’- By  नितिन गायत्री सिंह

Those were the days of my college when I started my investment journey. Started with a conventional LIC policy (mis-selling by an uncle cum agent), which I couldn’t able to refuse because of my unawareness.

Zealously, Opened recurring deposit with a nationalized bank for an year & later converted the whole maturity proceedings into Fixed deposit every year till 2014 (Surprisingly, today it is one among debt part of my portfolio) Commenced SIP (NFO) in a gold fund by an agent & sold all units at loss after 3 years & switched all proceedings into an equity oriented large cap fund. Added four more equity funds after seeing their past performance, basically RETURNS. (All are in direct plans)

Amid all these, all of a sudden one of my friend asked me to “invest in the stock market, you can make money in quick succession”. Consequently, I jumped after his advice without doing any homework and lost money in “Reliance Power saga”. So, I stepped myself back from stock market with a lesson learnt.

But after that, I started learning, reading, following more of financial blogs like Relakhs, BasuNivesh etc. so as to grip about different financial instruments (suitable for me) with which I could secure my financial position.

Then in between, I have landed myself at a Facebook group ‘MFLF’ (Mutual Fund Literacy Forum) accidentally as I was so keen to learn everything and anything about the “collective form of investment”. The group is a great source of information with wonderful admins and moderators.

But I found my Guru, Ananth Sir who taught so many things with his witty way. Those analogy, acronyms, data algorithms, practical illustrations were worth learning. He taught me, “ONE has to become DYK (Do You Know) investor before DIY (Do It Yourself) investor”. “Life is more about ‘giving’ than ‘taking’..”

Since I was connected with some of orphanages, specially The Calcutta Orphanage, back from 2014, I helped lots of young talents ( orphans),with their financial literacy, who has their dreams in eyes but are equally scared to pursue & fulfill those.

One of  MFLF group moderator – Mr. Deepak Kaltari Sir Once said,

“Complexity brings headache, so let keep things simple”

I was hugely inspired by these lines.

Other popular Facebook group- AIFW (Asan Ideas For Wealth) has changed my perspective about personal finance. I find it a Wikipedia of personal finance with full of practical implications.

Pattu Sir’s Freefincal, Subramoney, Eduform, Jago investor, “let’s talk money” by Monika Halan, Ashal Sir’s Golden words of advice had given me an opportunity to learn things in more of layman’s way.

So I reconsolidated my whole portfolio and trim down it to only two equity funds tagged with my goals. Covered all the prerequisites so as to avoid any kind of derailment. Accumulating blue-chip stocks, which are fundamentally & technically strong with a long term view so that my next generation will reap their benefits.

“Mere learning will not make you wealthy but execution definitely will”. YEARN, LEARN & EARN.

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