Grow a SMALL portfolio. And make it BIG (5 step process) | Akshat Shrivastava

Summary

In this video, the speaker emphasizes the importance of long-term thinking for new investors with small portfolios. They discuss the impact of inflation on wealth and provide practical insights on how to grow small capital into substantial wealth. The speaker shares mathematical concepts like index growth, real returns, and segmental inflation to help viewers set realistic investment goals. They also offer 10 key rules for fast wealth growth, including investing in high-growth products, timing market cycles, and being tax-efficient, encouraging viewers to take control of their financial future.

Takeaways

• 😀 Start investing with a long-term perspective to generate real wealth, regardless of the size of your initial portfolio.
• 📈 Consider the effects of inflation on the buying power of your investments over time.
• 💡 Use small capital to make big money by understanding and leveraging the power of compound interest and consistent investing.
• 💼 Aim for a realistic growth target for your portfolio, taking into account the rate of inflation and your segment's specific inflation rate.
• 📊 Understand the difference between nominal returns and real returns, and target investments that can outpace inflation.
• 🚀 Prioritize investing in high-growth assets like equities to achieve a higher compound annual growth rate (CAGR).
• 🔄 Learn to time your investments correctly by identifying market cycles and investing during discounts or panic situations.
• 💡 Take control of your wealth management by learning financial analysis and not outsourcing it entirely to fund managers.
• 📚 Continuously educate yourself on investment strategies and risk management to make informed decisions.
• 🏦 Be tax-efficient with your investments, understanding the tax implications of different investment choices and timings.

Q & A

What is the main focus of the video?

The main focus of the video is to help viewers understand the importance of thinking long term when investing, especially for those starting with a small portfolio or who have recently begun investing.

What is the significance of the speaker's mutual fund portfolio mentioned in the video?

The speaker's mutual fund portfolio, which was built roughly 1.25 years ago, serves as a practical example to demonstrate wealth growth over time and to emphasize the impact of inflation on the buying power of money.

How does the video address the concept of inflation on investment returns?

The video explains that inflation erodes the buying power of money, and it's crucial for investors to consider this when setting financial goals. It gives examples of how the value of money can halve every 10 years due to inflation.

What is the role of 'real returns' in wealth growth as discussed in the video?

Real returns are the net gains from an investment after accounting for inflation. The video stresses that to generate real wealth, investors should aim for returns that exceed the rate of inflation.

Why does the speaker emphasize the importance of investing in high-growth products?

The speaker emphasizes investing in high-growth products because they have the potential to outpace inflation and generate higher returns, which are necessary for significant wealth accumulation.

What is the significance of investing in the right cycles according to the video?

Investing in the right cycles is significant because it involves capitalizing on market discounts or periods of panic to buy assets at lower prices, which can lead to higher future returns.

How does the video suggest investors should approach learning about wealth management?

The video suggests that investors should take an active role in learning about wealth management, rather than outsourcing it to fund managers or experts, to better understand and control their financial future.

What is the advice given in the video regarding the use of Systematic Investment Plans (SIPs)?

The video advises that while SIPs are a good starting point, investors should not rely solely on them for wealth creation. It's important to understand when to book profits and reinvest strategically.

Why is tax efficiency important in the context of the video?

Tax efficiency is important because it directly impacts the net returns on investments. The video highlights how changes in tax laws can significantly affect the profitability of investment strategies.

What is the video's stance on following the crowd in investment decisions?

The video encourages investors to be contrarian and avoid following the crowd, as this approach can often lead to identifying undervalued opportunities and better investment decisions.

How does the video define 'macro investing' and its importance?

Macro investing is defined as the practice of making investment decisions based on long-term economic trends. The video highlights its importance for identifying and capitalizing on broad market opportunities.

Outlines

00:00

💹 Starting Small and Thinking Big in Investments

The speaker begins by addressing new investors and those with small portfolios, emphasizing the importance of long-term thinking for generating wealth. They share their own experience with a public mutual fund portfolio built over 12.5 years and discuss the impact of inflation on the buying power of money. The speaker aims to provide practical insights on leveraging small capital to create significant wealth, considering the risks and rewards involved. They highlight the need to understand the subtleties of wealth creation and set realistic growth targets for one's portfolio, taking into account the effects of inflation over time.

05:08

📈 Achieving Real Wealth Growth Through Smart Investments

In this segment, the speaker delves into the concept of real wealth growth, which is the total returns from investments minus inflation. They explain the difference between index growth, such as investing in the Nifty50, and higher growth potential in small and mid-cap companies. The speaker also discusses the significance of understanding inflation and its impact on the value of money over time. They provide a mathematical perspective on how to calculate the real value of a portfolio and the importance of aiming for a higher return to outpace inflation. The speaker encourages viewers to learn and apply these mathematical principles to design a better investment strategy.

10:08

🚀 Accelerating Wealth Growth with High-Risk Assets

The speaker stresses the importance of investing in high-growth products rather than slow growth ones like EPF and PPF, which may not keep pace with inflation. They advocate for understanding market cycles and investing during periods of market discounts to maximize returns. The speaker shares their own successful portfolio strategy, which has outperformed many fund managers, and suggests that with the right knowledge and strategies, individuals can consistently achieve growth rates of 15% or more. They also touch on the importance of not outsourcing wealth management to others and the value of learning from various sources to formulate one's investment strategy.

15:11

💼 Tax-Efficiency and Long-Term Trends in Wealth Building

In this part, the speaker discusses the tax implications of investing in equities and the importance of being tax-efficient. They highlight the changes in short-term capital gains tax rates and how these can significantly impact profits. The speaker also warns against blindly following financial influencers and emphasizes the need for self-education and analysis in investment decisions. They suggest that waiting for market corrections can lead to missed opportunities and advocate for a balanced approach to investing that includes both hedging strategies and identifying long-term trends. The speaker concludes by encouraging viewers to avoid common investment pitfalls and to seek undervalued opportunities within the market.

Keywords

💡Long-term investing

Long-term investing refers to the strategy of holding investments for an extended period, typically years, to achieve financial goals. In the video, the speaker emphasizes the importance of thinking long-term to generate real wealth, suggesting that short-term market fluctuations should not deter investors from their long-term goals.

💡Portfolio

A portfolio in the context of the video represents a collection of investments held by an individual or institution. The speaker mentions a public mutual fund portfolio built 1.25 years ago, highlighting the growth of capital over time and the importance of managing a diverse portfolio to spread risk and maximize returns.

💡Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, the purchasing power of currency is falling. The video discusses how inflation erodes the buying power of money, and investors need to consider this when planning their financial goals and investment strategies.

💡SIP (Systematic Investment Plan)

A SIP is a method of investing in which an individual invests a fixed amount at regular intervals, regardless of the price of the investment. The speaker uses SIP as an example of how to start investing with a small capital, highlighting the potential for growth over time with disciplined investing.

💡CAGR (Compound Annual Growth Rate)

CAGR is a measure of the average annual growth rate of an investment needed to achieve a certain ending balance. In the video, the speaker discusses the importance of targeting a CAGR that exceeds the rate of inflation to ensure real wealth growth, using the example of a 12% CAGR over 14 years to reach a certain corpus.

💡Real wealth growth

Real wealth growth is the increase in an investor's wealth after adjusting for inflation. The video emphasizes that investors should focus on real wealth growth, which is the total returns from investments minus the inflation rate, to truly understand the effectiveness of their investment strategies.

💡Segmental inflation

Segmental inflation refers to the inflation rate specific to a particular sector or group of consumers. The speaker explains that understanding one's own segmental inflation is crucial for setting realistic investment targets and ensuring that the total returns from investments outpace personal inflation rates.

💡High-risk instruments

High-risk instruments are investments that have the potential for high returns but also come with a higher risk of loss. The video suggests that to achieve significant wealth growth, investors may need to consider high-risk instruments as part of their portfolio, provided they are managed wisely and in line with the investor's risk tolerance.

💡Tax efficiency

Tax efficiency in investing refers to strategies that minimize the tax burden on investment returns. The speaker mentions the importance of being tax-efficient, especially in the context of changes in tax laws, and how it can significantly impact the net returns on investments.

💡Market cycles

Market cycles refer to the periodic fluctuations in the economy and financial markets, including periods of growth and contraction. The video discusses the importance of investing during the right market cycles, such as when there is a market discount, to maximize returns and capitalize on opportunities.

💡Contrarian investing

Contrarian investing is an investment strategy that involves buying assets that are out of favor and selling assets that are in favor, going against the crowd. The speaker suggests that being contrarian can often lead to better investment outcomes, as it allows investors to identify undervalued opportunities that others may overlook.

Highlights

Emphasizing the importance of thinking long term for wealth generation, especially for those starting with a small portfolio.

Introduction of a public mutual fund portfolio built 1.25 years ago to exemplify long-term investment.

Highlighting the impact of inflation and the loss of money's buying power over time.

Practical insights on using small capital to make significant wealth with associated risks and rewards.

The concept of wealth creation with a small starting salary and the potential to increase investments over time.

Mathematical illustration of how a 25,000 SIP can grow to one crore in 14 years at 12% return.

Discussion on the erosion of one crore's value due to inflation over a 14-year period.

The significance of setting realistic growth targets for one's portfolio amidst inflation.

Introduction of the concept of index growth and its role in wealth accumulation.

Comparison of expected growth rates between different investment types like Nifty 50 and small mid-caps.

The negative impact of inflation on the real value of investments and the concept of segmental inflation.

Explanation of real returns and the mathematical equation to achieve them after accounting for inflation.

The necessity to target higher total returns to achieve real wealth growth, especially considering segmental inflation.

The importance of focusing on real wealth growth rather than nominal returns for becoming a crorepati.

A set of 10 rules for growing money fast, starting with investing in high growth products.

Advice on investing in the right market cycles to maximize returns.

The importance of learning to build and manage one's own wealth instead of outsourcing it.

Discussion on the inefficiency of slow growth products like EPF and PPF when considering inflation.

The strategy of allocating investments between high and low-risk assets to achieve an average growth rate exceeding inflation.

The concept of 'buy and forget' and the importance of profit booking at the right time.

Advice on being tax-efficient with investments and the impact of tax laws on investment returns.

Warning against blindly following financial influencers and the importance of self-education in wealth management.

The fallacy of waiting for a market correction to invest and the strategy of continuous investing with a hedging approach.

The significance of identifying and investing in long-term trends and the example of the brokerage industry in India.

Advice to avoid common investment pitfalls and the value of contrarian investing for exceptional returns.

Transcripts

Hi everyone. Welcome to today's video.

On today's video, I'm going to help you understand that if you are starting out

from a small portfolio or if you have started to work recently and started

investing in the markets recently or doing any form of investing very recently, how

you should think long term in order to generate real wealth.

First natural question should come when someone you see making such videos,.

So yes, take a look at this public mutual fund portfolio that I

had built roughly 1, 1. 25 years ago.

And this is a fairly large capital.

You might have seen a lot of YouTubers who will show you, you know what?.

I don't know.

But the bottom line there is that see, there is also inflation, loss of buying

power of money that also happens.

You need to understand these small, subtle points, which I will try to communicate

in a very simple manner on this video.

Without wasting any time, let me give you practical insights on how you can actually

use small capital to make big money.

What are the risk, rewards associated with it?

This is a must watch video.

Please watch it till the very end.

You will understand practical points.

Again, I keep on saying the word practical points because the goal of my channel

is to teach practical money management.

So point one is that can you actually create wealth by using a small.

Maybe

it's possible that you are starting out at

10,000 salary, but maybe in a few years, you will be in a position where you are

able to invest 25,000 a month in the stock market.

So let's look at the math that you see, for example, if you start with 25,000 SIP,

12%, for let's say, how many years, for roughly 14 years, you will

reach that one crore corpus..

But with the value of one crore, after 14 years, when you reach this

corpus, will it really be 1 crore?

Because a natural question comes, and here is point number 2, that's see, the

buying power of money also get lost.

For example, around 20 years back, you could have

purchased a very good property at 1 crore.

Right now, if you're trying to buy the same property, the property value might

be like two and a half, three crores.

So this happens with your money at every stage.

For example, today you might think that five crore is a very big capital, but

after 20 years, the value of this 20 crore might not be that big.

So how do we assess this?

How do we set a realistic target of growth for our portfolio?

And what is the central point that we should keep in mind in order to figure out

at what rate we should be growing our capital?

So. But please understand this point sensibly.

There are three mathematical numbers that I will talk about.

The first mathematical number is index growth.

For example, if you invest your money in an index called as Nifty50, which is the

collection of top 50 companies in India, you can expect a wealth growth of 12%.

This is normal math.

Now, second key mathematical point is, you don't do it in Nifty 50, you

don't do it in small mid-caps.

Then expected or an average growth rate will be around 24% CAGR.

This is double.

Third key point, which is a negative point.

You made this 25,000 SIP investment, 12% for 14 years, 1 crore.

But what is the value of this 1 crore?

So inflation data tells us, inflation means the rate at which

the prices keep going up.

And after 10 years, what is the value of this 100?

Well, it's 50 roughly.

Why?

Because after every 10 years, assuming a 6%, 7% inflation number, the

value of capital becomes half.

Here is like a mathematical timeline also, what the value of one crore becomes

after 10 years, 15 years, 20 years. So you can take a look.

I've done a tweet and a LinkedIn post on it, so this will give you more clarity.

Then comes a very natural question, I thought that I would invest in this.

At 12% For 14 years, I will be like a crorepati.

Yes, you will be a crorepati, but the value of that one crore would

not be more than 30, 35, lax.

If you want to become a real crorepati, then what is the mathematical equation

that you should know or what is that rough estimate that you should For that, we need

to understand the concept of real returns.

In order to understand this, you need to understand this equation.

This is real wealth growth is equivalent to total returns that you are making from

any type of investment minus the inflation.

For example, if let's say that you're investing in Nifty50, you are making 12%

returns, but the inflation for you, and this inflation in the economy, this is

inflation which is called a segmental inflation.

Segmental inflation for you is let's say 7%, then your real

wealth growth is only 5%.

Now that brings us to a next point.

What is the meaning of inflation versus segmental inflation?

Very simple point.

You see, you could see, for example, if someone is living in a village in India,

they are availing food rations, they are availing public, so

you need to understand that at what rate

the inflation is growing for your segment.

My estimate is that for average middle class, the inflation growth

will somewhere be between.

So In order to generate, let's say, a 7% real

wealth growth, how much is it that you need to generate your total returns?

Well, it should be 17%..

In that case, what is it or what is the

return that you should be targeting from your investment?

Well, in order to become a crorepati fast, you should, number one, worry

about your real wealth growth.

So

It will take you 20 years to become a real

crorepaati in terms of your buying power.

After 20 years, if your real wealth growth is 15%.

Then comes a very natural next point, how do we make 15%?

.

Before I go on to that topic, how do you make 15% return from the stock market?

You also need to play around with this number.

For example, a lot of people, EPF, PPF, and so on, 8% generate.

And If the segmental inflation for you is 10%, are you becoming croerpathy

or not by doing an SIP of 25,000?

No.

You're losing.

Your wealth is growing at 8%, but inflation adjusted, you

are growing at minus 2%.

This is very, very important point to understand that you need to

go to high-risk instrument.

See, I'm no interest in arguing with I am showing you all the mathematics.

People lie, mathematics does not.

After teaching you all the mathematical rule, you go around and

play with this calculator. You yourself will understand it.

You yourself will be able to design a better investment strategy for you.

But anyways, coming back to this my first simple, very important key takeaway for

you is, let's see, I am estimating that right now the segmental inflation for most

people who are living in Bangalore, Delhi, Mumbai, all this stuff is close to 10%.

If you require any wealth growth on your portfolio, you need to be targeting 15%.

Now, can you get 15% growth?

Now, it depends on how you are designing your portfolio.

Of course, 15% growth can be achieved.

I have done it consistently.

Many of my students have done it consistently.

The next segment that I'm going to quickly I explain is that how do you

actually get this 15% growth?

I'll try to be quick and I'll try to cover as many points as possible.

For this, I'll take you through 10 set of rules.

Here are your 10 set of rules, and let me give a little bit of context to each of

these so that you are able to understand.

The first key rule of growing your money fast is that most of your investment

should be in high growth products, not slow growth products.

For example, EPF, PPF are slow growth products.

They are growing your wealth at 8% after tax, and you're losing your money

to inflation at at least 10%.

It does not make any sense. It's fine.

Epf, PPF also serve a purpose.

Fds also serve a purpose.

I'm not saying that these instruments are bad.

I'm giving you mathematical equation., and if you're targeting EPF PPF,

your wealth will never grow. This is a fact.

After 10 years, at what rate your wealth is growing.

This is point one, that if you do not pick high-risk assets, for example, equities,

then your wealth will not grow.

You have to first and foremost go in a boat that That has the potential

of growing at 15, 20% CAGR.

If you're not even picking those asset classes, so.

This is one.

Second key point, that you need to invest in the right cycles.

See, there are always phases when you will get like Nifty at 20% discount,

10% discount, 5% discount.

There is massive panic in the market.

Those are right cycles to invest bulk money.

Again, going back and taking you to my mutual fund portfolio.

This portfolio is doing very well.

This is beating 99% of the fund managers simply because of the fact that I picked

a right cycle to invest bulk of the money.

Am I investing crazy amount of money right now in the market?

The short answer is not.

Now, how to time the market cycles, all that stuff is something that

I can't cover in one video.

I do run courses.

In case you guys are interested, I'm running a workshop in Bangalore.

In November, it will be an in-person workshop.

You get to meet a lot of like-minded individuals, like-minded people, grow your

network, understand all this wealth generation game systematically.

I am someone who has generated wealth genuinely.

To transparently give you the confidence that

it's not just that I'm just speaking about things.

I'm actually executing things and teaching those strategies.

On that note, let me highlight point number 3, that many of us avoid

learning how to build our own wealth.

It's such a complicated job.

Why should we get into this?

Let us give our money to fund managers, this, that, stuff, mutual fund experts.

Again, you need to understand this point about commissions.

This is something that I've spoken earlier on my videos also, but I'll give

you more clarity one more time.

See, let's go to this calculator.

Typically, if you are investing in a large-cap mutual fund, studies tell

us that they do not beat the index.

85% of the funds do not beat the index.

So we may be majority of the index.

For a period of 40 years.

That's it.

Just 1% difference I'll create due to that.

How much money are you actually losing?

From roughly 30 crores, now you are down to 21.

5 crores. This is crazy.

People just.

Now, if you are working 8, 10 hours a day for generating wealth, can't you take

out 30 minutes to preserve that wealth?

Is that not worth it to preserve 30%, 40% of your portfolio?

But no, we will outsource our health also.

I'm not gym trainer.

Now, he will work out for us.

He will go to the treadmill, we will get our muscles..

No, that is not going to happen.

So similarly, you cannot outsource your wealth also and you cannot

outsource your health also..

Yes, listen to me.

Listen to like 100 different people.

Figure out what strategies are working out for you.

Who is speaking sensibly?.

All that stuff and then take their advice.

The next point come that whatever money you are investing, for example, if you are

including your debt everywhere, your total investment is like 10 lakh, right?

So 5 lakh you have stocks, 1L, 2L you have like gold, 3L, something else, right?

Fds, this, that stuff.

You have to figure out, at least, index, because index grows at 12%.

Do you even have a strategy to generate 15% for your portfolio?

If there is no strategy, no plan, then you can't do it.

A simple strategy is that, for example, if let's say that you have a 10-lakh-rupee

portfolio, 8-lakh, you can put for emerglency defense,

FDs, or FDs, and all that stuff.

Within this also, 50% you can put on Nifty50..

Rest 50%, you have to go to small cap, mid-cap because these grow at 24%.

So if you have to get a weighted average, it will come out to be like 18%.

So here is a strategy that you are at least trying to grow at more than 15%.

If you combine all these three, four first points, then this becomes a very smart

strategy for generating somewhere around 15% CAGR.

15% CAGR generates how much real wealth? 5%.

So you have these, definitely..

In real terms, you will become a croer in 20 years if you do this

type of sensible investing.

Then comes buy and forget..

Do you not think that Mr. Warren Buffett sells?

Or do you not think that Mr. Vijay Kedia sells?

Do you not think that Mr. Ramdev sells?

Do you not think that big DIIs, FIII, sell their stocks?

Of course they do.

You're not even trying to understand the logic of profit booking.

You're not even trying to understand that you should be selling stock.

The short answer is no.

You are not born to do SIP forever.

When the market is at an all time high, you should book some profits,

sit on a little bit of cash.

When the market is absolutely low, that's a simple gain.

Having simple strategies is what will make you a high achiever in the stock market.

You can actually easily beat many of the mutual fund managers.

You just have to manage a few crores of portfolio.

So it's not impossible.

In fact, it's very easy for you to beat fund managers.

But look at the scale at which they are managing money.

You are not managing that level of money.

You can afford to stop, not to invest, invest more whenever you

feel like, go to small caps if you feel like, go to mid-caps if you feel like.

So there is no mandate on you.

All you need to do is amplify your knowledge, learn things properly, learn

things systematically, and accordingly, you will be able to grow your portfolio.

Okay, so the next point comes that you need to be tax-efficient.

For example, in 2024, a rule has been changed.

Short term capital gains on equities is.

How much has it changed from 15 to 20% on a base of 15?

That is one-third.

33% change in your profits.

If you're sitting in 2024 like a dumb person.

Your capital gains treatment on short term profit booking is crazy.

So whatever stocks you're adding to your portfolio, whatever investments that you

are making, you need to have a vision.

Yes, you unfortunately have to go to equity segment in India that is still

most tax-efficient, but at the same time you need to figure out you're

not buying stocks for one year.

Anything that you're buying right now, you at least need to have one and

a half, two year vision on it.

Point number seven, very, very important.

We can just talk about it.

We cannot share our stuff. Do not trust it.

You cannot trust half the things that they are saying.

Learn analysis from people.

Most of them are just giving pravachan after pravachan.

But how to analyze?

What are the points that you need to keep in mind?

If someone is teaching you that, follow it.

There's just too much content floating around.

You need to be really wise in terms of whatever you are consuming.

In fact, I'll go on to the extent of saying that 95% of finance influencers do

not know how to manage their own money.

Neither they are managing their own money.

Forget about generating investing returns and all that stuff.

They do not even attempt to manage their own money.

So please do not start taking finance advice from that.

That's what I'll simply say. Moving on.

Waiting for a market correction.

This is what we are witnessing currently.

Small story I'll tell you that in 2020, when the markets fell from 12,500 to

8,500, then it rebounded very quickly.

I had friends who are still waiting till this day in 2024,.

We will invest. No, you cannot do that.

You cannot time the market to that extent..

There is more money that has been lost waiting for correction rather

than the correction itself.

This is a very important quote.

I think this was given by Peter Lynch.

So very valuable advice.

What it teaches us is that no one can guess the top of the market.

Right now everyone is thinking,.

Yes, it will happen.

You should prepare for a 20% fall.

But that does not mean, rest 80% up,.

If you are making 100 ₱ right now and you do not have real in need of it, you should

still invest 70, 80% of that money with a hedging strategy.

Therefore, understanding risk management becomes really important.

Again, this is something that I teach on my courses.

In case you guys are interested, definitely check it out.

Everything is practically driven.

Next point that people miss out on picking long-term trends and very,

very strong long-term trends.

Let's talk about brokerage industry.

There are many stocks, for example, 5Paisa Capital, Angel One, Zerodha,

stocks, all these companies.

How many people in India right now investing or trading in the stock market?

The number is close to 3% to 4%, right?

In the US, that number is 40, 45, 50%.

Now, of course, our per capita income is very less.

But over the next 10 years, do you see the industry size doubling?

We 3%.

6% of India's population or 6% of India's population will do it

in the next 10 years.

Now, this is a very easy long term trend to pick.

But what will happen is that tomorrow you might buy angel one.

It will fall by 15, 20%, I don't know. Then you will start panicking...

No, you are betting on a long term.

Either be clear that you are a trader or either be clear that you are an investor.

You cannot mix and match both of the things.

You cannot unnecessarily mix it and get confused yourself.

So picking these type of long term trends is called as macro investing.

Very important for you to understand the basic concepts in macro investing.

If you know it, easily, 15% is not a big thing.

Last point, avoid usual things.

Avoid usual things means what?

If everyone is saying, SIP, don't.

There is money to be made by being contrarian most of the times.

This rule works 90% of the time.

But problem that happens with us, retail investor, is that see,

we think extremely broad.

For example, we will think that the entire market Market is overvalued.

No, there are pockets of undervaluation within the market.

Similarly, our property market is overvalued.

Yes, overall property market might be, but there are pockets of undervaluation.

By getting relevant knowledge, you can identify those pockets of undervaluation.

At any point in time, no matter what type the market is, there will always be some

undervalued opportunities or fairly valued opportunities.

Your job as an investor is to invest in those.,

managing your risk and buying a fair value asset is what you need

to be doing consistently.

If you do that, there is a very high chance that you will become

a croerpathy really fast.

But you can actually pull that number up to 20% and grow your wealth faster also.

I hope you enjoyed this conversation.

If you did, do press the like button, subscribe to the channel,

and I'll see you soon.