#NRImoneyclinic #Financialplanning #SuccessMantra2021
1.20
LESSON 1
ANYTHING CAN GO WRONG
What Can Go Wrong?
How Will I Be Able To Overcome It ?
What Will Be The Worst Consequence?
Be Prepared
2.30
LESSON 2
DO NOT EXTRAPOLATE
Extrapolation Is Extension Of Past Trends
Extrapolation Does Not Work
Extrapolation Is A Sales Trick
5.30
LESSON 3
YOU NEED A FINANCIAL PLANNER
Not Easy To Succeed As Do It Yourself.
Need To Conquer Emotions
It’s A Game Of Judgement
Experience Can Come With Passage Of Time
Cost Of Mistakes Can Be Very High
7.30
LESSON 4
STOCK MARKETS – HISTORY REPEATS ITSELF
A Misunderstood Concept Here
Booms And Busts Will Repeat – Correct
Stock Markets Will Beat Inflation – Correct
Past Returns Will Repeat In Future – Not Correct
10.00
SUCCESS MANTRA FOR FUTURE – 1
FOCUS ON WHAT YOU CAN CONTROL
Do Not Bother About What You Cannot Control
Do Not Forget To Build Emergency Funds
11.15
SUCCESS MANTRA FOR FUTURE – 2
LEARN THE ART OF CONTROLLING EMOTIONS
Invest In A Process Driven Way
Maintain Asset Allocation
Periodically Rebalance Your Portfolio
Stay Between Fear And Greed
13.15
SUCCESS MANTRA FOR FUTURE – 3
COMPARTMENTALISE YOUR INVESTMENTS
Segregate Investments As Per Purpose
Purpose Dictates Way Of Handling Investments
Emergency Fund/ Retirement Plan / Education Plan Etc
Each Of This Needs Different Approach
14.15
SUCCESS MANTRA FOR FUTURE – 4
DO NOT OVER DO THINGS
Don’t Get Carried Away By Current Trends
Fashion Of The Day Won’t Earn You Returns
Do Not Go Overboard On Any Idea
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