Fwd: Financial Freedom - This is how you can start investing

[Sayantan Choudhury]

Hey guys,

I hope everyone is in fine spirits!

This email was forwarded to me by Aritra Saha of PGDIE - 43.  I found this email, which has been composed and compiled by Kunal Kakkar of PGDIE - 43, extremely informative. I hope that the compilation also proves useful for you, as we start/restart our journey into the corporate world.

---------- Forwarded message ----------
From: "Aritra Saha" <aritra.sah...@gmail.com>
Date: 26 Apr 2015 21:24
Subject: Fwd: Financial Freedom - This is how you can start investing
To: "Sayantan Choudhury" <sayantan.cho...@gmail.com>
Cc:

---------- Forwarded message ----------
From: "Kunal Kakkar" <kunal.kak...@gmail.com>
Date: Apr 25, 2015 9:28 PM
Subject: Financial Freedom - This is how you can start investing
To: <pgd...@googlegroups.com>
Cc:

Dear batch-mates, 

I am sure that all of us are excited about our new jobs and are looking forward to earn well and invest well to fulfill our future goals. Please find below some links which can help you to start investing & saving for your goals. 

These links are from the research which I have done in this area in the last one month. I am not an expert at this, so requesting you all to please share other links if you have, for the benefit of all. 

Read: Rich Dad, Poor Dad (PDF Attached)

Watch these documentaries on Warren Buffett (one of the best investors of our time):

Warren Buffett - The World's Greatest Money Maker

https://www.youtube.com/watch?v=ypxH-lWxCnw

Warren buffet in India

https://www.youtube.com/watch?v=4xinbuOPt7c

Do not skip the above reading & watching. It is important as it will give you a very good perspective which most of us are not aware of!

After this, you can browse the following links:

Good collection of links

http://www.gettingyourich.com/personal-finance.html

7 steps to invest in Mutual Funds

http://www.moneycontrol.com/master_your_money/stocks_news_consumption.php?autono=1345121

5 myths about SIP

http://www.moneycontrol.com/master_your_money/stocks_news_consumption.php?cat=mf&autono=1342084

Why MF investments are subject to market risks?

http://www.moneycontrol.com/master_your_money/stocks_news_consumption.php?autono=1347447

Mutual Fund story

http://www.gettingyourich.com/story-of-mr-mutual-fund.html

http://www.gettingyourich.com/story-of-money.html

http://www.gettingyourich.com/10-commandments-of-money.html

Saving Tax

http://www.gettingyourich.com/blog/income-tax-deductions-you-should-not-ignore

http://www.gettingyourich.com/blog/the-what-and-how-of-setting-up-a-huf-trust-get-a-tax-advantage

http://www.gettingyourich.com/blog/leave-travel-allowance-demystified

http://www.gettingyourich.com/blog/my-money-saving-tips-for-you

http://www.mydailylifetips.com/union-budget-2014-15-new-income-tax-slab-and-other-rules/

http://www.mydailylifetips.com/best-80c-investment-options-save-tax/

http://www.mydailylifetips.com/income-tax-saving-options-other-than-80c/

http://www.deccanchronicle.com/150413/business-economics/article/save-income-tax-here-are-few-ways-structure-your-salary-and-save?ct=t()

Taxes at a restaurant

http://www.jagoinvestor.com/2013/08/service-tax-and-vat-on-restaurant-bills.html

Rent vs Buy

http://www.arthayantra.com/research-report/item/390-buy-vs-rent-report-8-cities-2015.html

Detailed blog which proves that renting is the best option

http://vadakkus.com/2013/03/11/buying-flat-bangalore/

Investing in Stocks

As per my research, best way of investing in stocks is through mutual funds. If you wish to invest directly in stocks, analyze the company yourself rather than relying on the advice from experts. Price to Earnings (PE) ratio is one of the ways of analyzing. Moneycontrol.com gives you a good analysis of companies. Think long-term (at least 5 years), only then you will get good returns. Correction (or decline) in stock markets is healthy and not harmful for investors. Stock markets always go through bull(crest) & bears(trough). No one can predict, when will next bear come. 

Invest regularly. Stock market will give you best return among the investment options but only in the long run. Trade based on speculation is no different from playing in a casino, so analyze, think, and then invest. 

I hope that above information helps you to create a better financial future for your family. Good luck and do share your stories so that all of us can learn from each other's experiences. 

Best Regards,

Kunal Kakkar

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