As a part of our ASK RODINHOODERS series, it’s a delight to have here Sharad Singh. He is one of the nicest guys you will find around! He is a quiet contributor, extremely modest, very often emails me suggestions and is keen to contribute to trhs. He is a giver in the true sense.
“I have been working in the fin-tech domain for over a decade with rich exposure to banking and capital markets. Most of this experience has been as an entrepreneur.
Currently, I am with my second venture, Valuefy, which provides portfolio management solutions to fund managers, including the top mutual funds on India. We launched thefundoo.com, which helps individual investors in making correct investment decisions, by bringing institutional level analytics to the realm of the common investor.
I had earlier founded BrainMatics, a provider of Risk Management solutions to banks. I started my career with Infosys during Y2k debugging tens of thousands lines of code… 😉 Post my MBA, I worked with Fractal Analytics which was a start-up of my MBA seniors. The stint there was very helpful in understanding the start-up world from close.
I graduated in engineering and did my MBA from IIMA.
I love travelling, movies, fin-tech, cricket, start-ups… and much more…
Ask me anything about investments/personal finance.”
There are a few key points in investing. Follow them and you would largely be fine:
1. INSURANCE is not investment.
a. Have a Term (Life) Cover for the earning member of your family and a Health Insurance for your family. (These should be the only two insurance policies you must have. Note ‘only’ & ‘must’)
2. Invest; DON’T GAMBLE. If you aren’t an expert with stocks, Mutual Fund (MF) is the only option for you.
3. Invest as per your GOALs:
a. If you need money in 1 month, Bank FD or Liquid Plans might be just fine
b. Avoid Equity MF if you need money in less than 2-3 years (Look for Fixed Income MFs)
c. For long term investment, mix equity appropriately with Fixed Income MFs
With the above sensitivity, you should be well off asking the right questions when anyone advises you on investment.
I’ve also written a post on Common Questions on Investing in answer to one of the queries 🙂
Sharad is following this page – so feel free to seek his advice in the comments below!
You can also connect with Sharad over twitter @3sharad or write to him at firstname.lastname@example.org. Pls try to post as many queries here itself so it becomes a resource page for everyone!