Where to INVEST in 2024? | Investing Tips for 2024! | Ankur Warikoo Hindi

Summary

The script discusses investment strategies, emphasizing the importance of time and rate of return for wealth accumulation. It highlights the need for financial protection, recommending health and life insurance to safeguard against unforeseen events. The speaker advises on various investment avenues, such as fixed deposits, PPF, corporate bonds, real estate, and mutual funds, while stressing the significance of risk management. The transcript also touches on high-risk investments like stock trading, startup investing, and crypto, advocating for a balanced approach tailored to individual risk tolerance and financial goals.

Takeaways

• 📈 Investment Growth: The speaker emphasizes the importance of a 20% return on investment to potentially double their money every 3-4 years, highlighting the power of compounding over a 35-year period.
• 💡 Time and Rate of Return: Understanding both time and the rate of return is crucial for wealth accumulation, as they can work together to significantly grow an investment portfolio.
• 🛡 Importance of Insurance: The script stresses the necessity of health and life insurance as a form of financial protection for unforeseen events that could derail an investment journey.
• 🏥 Health Insurance for Different Ages: It is advised to have separate health insurance policies for different age groups, such as parents and the individual, due to varying health risks and costs.
• 💼 Corporate Insurance: The speaker suggests having personal insurance in addition to corporate coverage, as it may lapse once employment ends.
• 💰 Life Insurance: Recommends life insurance as a means to provide financial security to the family in case of the policyholder's demise, with coverage being a multiple of the annual salary.
• 🏦 Emergency Fund: The importance of maintaining an emergency fund equivalent to at least 6 months of expenses is highlighted for financial stability.
• 🔐 Diversification: The speaker discusses the need to diversify investments across different asset classes to manage risk effectively.
• 🏨 Real Estate Investment: Investing in real estate is presented as a medium-risk strategy that can yield returns through rental income and property appreciation.
• 💼 Mutual Funds: These are recommended as an efficient way to invest in a diversified portfolio, managed by professionals, which can be tailored to different risk appetites.
• 🚫 Avoid Emotional Investing: The script warns against investing based on emotions or tips, especially in volatile markets like stocks, and instead advocates for research and analysis.

Q & A

What is the approximate size of the investment portfolio mentioned in the script?

The investment portfolio mentioned in the script is approximately 135 crores.

What is the expected growth rate of the investment portfolio this year as per the script?

The expected growth rate of the investment portfolio this year is 20%.

What does the speaker suggest will happen to the investment portfolio in 35 years if it continues to grow at a 20% return rate?

The speaker suggests that if the investment portfolio continues to grow at a 20% return rate, it will approximately become 27 crores in 35 years, then 50 crores after another 35 years, and eventually reach 100 crores.

What is the importance of time and rate of return in wealth accumulation according to the script?

According to the script, both time and rate of return are crucial in wealth accumulation as they determine how much your money can grow over time, especially if you can generate a 20% return consistently.

Why is health insurance considered essential before starting any investment, as mentioned in the script?

Health insurance is considered essential because it provides financial protection against high medical costs that could potentially derail an investment journey, especially in cases of emergencies or unforeseen health issues.

What is the significance of term insurance in an investment strategy, as discussed in the script?

Term insurance is significant in an investment strategy as it offers financial security to the family in case of the policyholder's demise, ensuring that the family's financial goals are not compromised.

What are the benefits of investing in a Public Provident Fund (PPF) according to the script?

The benefits of investing in a PPF include a fixed rate of return, tax efficiency, and long-term capital appreciation, making it an effective tool for retirement planning.

What is the recommended approach for investing in the National Pension Scheme (NPS) according to the script?

The script recommends a disciplined approach to investing in NPS, contributing a fixed amount monthly, which upon maturity, provides a lump sum amount and monthly pension, suitable for retirement planning.

Why should one avoid investing in gold jewelry according to the script?

The script advises against investing in gold jewelry due to high making charges and GST implications, which reduce the overall returns on investment compared to digital gold or gold bonds.

What is the role of emergency funds in the context of the investment journey, as per the script?

Emergency funds play a crucial role in the investment journey by ensuring that one has liquid cash available to handle unforeseen expenses without disrupting the investment plan or having to liquidate investments prematurely.

What are the key takeaways from the script regarding the importance of understanding different asset classes and risk management in investments?

The key takeaways are the importance of understanding different asset classes such as fixed deposits, PPF, NPS, gold, and equities, and the significance of risk management by allocating investments according to risk tolerance and financial goals.