Don't Invest Your Money Yourself

Unless you are planning to become a stock broker or want to pursue it as a hobby or an additional skillset, I would not recommend buying stocks or mutual funds yourself.

Before reading more, check out this video. It explains it so beautifully, better than I ever could. Even though it talks about investing in the context of student life, the principle still applies for most of us for the first few years of our career.

Find a good financial advisor and focus on increasing your salary. In your early career, the potential to grow quickly is much higher.

It's much better to double your salary from 10L to 20L by prepping for interviews rather than spending tens of hours each week looking at your investment portfolio and worrying about the red numbers or the marginal returns.

Luckily, my mother is a financial advisor. So all investment decisions are taken by her. For the first 6 to 12 months of my career, I was investing my stipend and salary myself using various apps. But I quickly figured out that I should invest all of my money with her help. Now, I am seeing a nice 20 to 30% XIRR and I am pretty happy.

If you would like to invest your money too, just send me a DM and I will connect you with her team.

Cover: Photo by Maxim Hopman on Unsplash — source