Learning of 2018
What did you learn about Personal Finance in 2018? I mean learnt and implemented and benefited (or not benefited, so adapting it for 2019 and after).
It could even be a one off effort that you did and are proud off.
If you learnt it on www.subramoney.com, great, tell me so or if you learnt it elsewhere please mention that source too.
Could be a blog, person, magazine, television show, newspaper, app….any learning source
All readers could benefit by reading that..
Also include some wishlist if you wish – about what you learnt but could not implement…or wish you had implemented – and what you are planning to do about it.
I have run out of topics to write – so I think making it interactive – like the series on doctors…etc. could be more useful. What say?
Ganesh
My learnings which are under implementation and shall continue for 2019:
1. Importance of meditation and calmness of mind
2. Being agile when sudden events throw up some discounts
3. Importance of concentrated portfolio (Thanks to Subra 🙂 )
4. Thorough analysis and deep study before investing
5. Keep the learning going
Krishna Koney
Hi Subra, Thanks for sharing your thoughts in the blog. It’s a wonderful blog. My takeaway from the blog is articles around “invest for the longterm and rub off shortterm volatality”. My topics => 1. Take some specific usecases and deep dive 2. Start a series on investment for volatile but high paying job class(example: software engineers) – krishna koney
ashok
1. Guide many friends about retirement
2. Need to be calm during bear market
3. Must have our investment in Equities+debt with respect to our age till our death
damodar
1) Keep calm during crisis .
2) Compounding from your blog Sir
3) Puttu sir freefincal some amazing videos and knowledge
4) dmuthuk Twitter handle on some good tweets especially when markets are volatile
5) Margin of safety book wip hopefully by finish by end of year.
Nithin lakshmanan
My primary learning was the importance of having an advisor and the value they bring in. I decided to explore after reading your blog. Decided to enlist ithought advisory (you were booked Subra :p and my net worth is not big enough to tempt ), maybe to early to declare but I’m happy with their work.
Aravind
My learning and implementation,
1. Learnt about term insurance need and bought one this year.
2. Learnt about compounding and started investing for long term in mutual funds rather than FD and PO schemes
3. Teaching kids on savings – started doing this and will take time I guess.
thanks to your blog mostly.
Yet to learn and implement,
1. Asset allocation – having read a lot on this, I am still not able to understand how to approach each goal and what category to invest.
2. Understand retirement need calculation. monthly expense of 40k now comes to 5 crore retirement corpus which is huge even for now. And am always short of about to invest monthly.
3. Talk to an advisor – This is someone I am still trying to find who is reliable and does not suggest with agenda.
CK
1. When market corrects sharply, meditate and buy more.
2. Be wary of tax and inflation. Defer tax outgo as much as possible.
3. Manage risks and keep at ALARP (as low as reasonably practicable) levels.
4. Stop worrying and start living.
5. Stop working (achieve quick ‘FIRE’) and start living.
6. Position yourself in a decent ‘Cash-Rich’ and ‘Time-Rich’ quadrant (Many rich people are ‘Time-Poor’ and less peaceful).
7. Keep calm and move on.
MOHIT GOYAL
I discovered 1 mantra only (learnt the hard way – ran the fast lane too many times and in too many directions!) –
“Getting rich is a boring process”
…. buy quality stocks, start good SIPs in mutual funds.. and then forget.. you may watch them for the ‘thrill’ every now and then on your moneycontrol portfolio but dare not touch it/ disturb it (unless some earth-shattering events happen)
Narasimmamurthy
(1) started reading-subramoney,freefincal this year ; enormous insights
(2) reading books on technical analysis – now one by Martin J Pring
(3) after booking losses understood importance of risk management-(recommendation of fundamental based analysts discourage stop loss !! ) ! I could have halved my losses with “strict” stop loss of 20% (?!)
(4) understood stock market often thrown into disarray fetching mouthwatering valuations -be prepared to take it
(5) I feel just sticking to opportunities in Nifty 50 can throw many chances to make money even in short term
SS
Hi Subra sir, my greatest learning has been the difference that Investing is in Indian Context and others. There are great books by foreign authors. It will work on 75% of the time.
– Concentration or Diversification ? In India one has to diversify and diversify well.
– They say ignore Politics. In India you have to consider Mr. Politic along with Mr. Market.* (Noida Toll Bridge, Tata Motors)
– Inflation. In India inflation rate is higher compared to other countries and therefore many foreign authors. (8% RoCE is not great)
– Good business at low prices -> will lead to great returns. In India we have frauds, scams, shell companies, influences etc.
*A State Govt can grant a reputed businessman permissions and clearances to start an automobile plant in an approved place and wait and watch you build it. Then once you establish everything, they can say that is encroached land and oust you from the state. Discussing it with them is like discussing malaria problem with mosquito! I am sure, there are henchmen to defend these actions in a TV debate. That is a bad precedent and deterrent for businessmen. If big businessman can fall, what could happen to small businessmen? What will happen when this govt is in coalition in future ?
Raajesh Subramanian
My Learnings of 2018
1. Learning Valuation and buy stock in correct pricing. Ashwath Damodaran followup
2.Set aside 25-40K each year for Studying about Value investing principles through -Workshop, Conference, Webinars – To mention some of them Safal nivashek, Viay Mallick, TIA, Valuepickr,IIC,Jana Vembu,Rohit Chouhan etc..
3.Concentration of Portfolio with long tail
4. Reading Value Investments books of Benjamin Graham, Pat Dorsey, Seth Kalharman, Peter Lynch, Ashwath Damodaran etc….
5. Explore the advisory styles of different person – Yet to avail the facilities one in Chennai.
6. Churning Framework of Investing – New Investment stocks, Preservation of existing multi-baggers, Auto-pilot portfolio formation, Debt related instruments
7.Increase the People Network about Value Investors and keep frequent touch with selected peoples.
Shashidhar R
More blogs on 1. ” living simple” 2. Expenditure chain (diderot effect) 3. Behavioral economics 4. Disasters of financial transactions within relatives 5. Retirement and moving away from city
Dhiraj
My Learning of 2018
1. Equity is not that risky for long term investor with good fundamental stock.
2. Being Debt free will help to have more cash flow for investment and start early aggressive investment for financial independence instead of paying loan EMI .
3. Goal based investing for my 5 Long term goal SIP not started yet but will start in 2019 after paying all credit card debt once.
4. Continues reading helps to be knowledgeable and be on track even on finance. I start my day by reading 5 subramoney old article and new article if any.
5. If we invest in good fundamental company sip mode later we can live on dividend income.
6. I am changing within in terms of simple lifestyle, Goal based investing, Investing in equity some Debt MF. have more time for me and my family no more noise. I am subramoney daily reader and big fan of subra sir.
Anil
What I learned?
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1. Asset allocation for my goals. Thanks to freefincal, I now have that google sheet where I track my portfolio and that will show my asset allocation.
2. Choosing mutual funds based on the monthly screener published in freefincal
3. Invest only in few funds
What I would implement from next year?
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1. Meditate daily. Learnt meditation through vipassna, but it’s the implementation that matters.
MD
Read quality. Read daily. Re that Wipro line… Applying Thought
MD
forgot to add: No TV. year one happy survivor.
tp
only eating one meal a day, help me to create a sense of suffering and that helped me to grow in both materialistically and spiritually.
B
The best thing I learned in 2018 is to track the living expense to the last rupee. Until you know the EXACT expenses today, it is impossible to plan the amount required on retirement. Tracking expenses is not a one month job. I have been doing it for last 8 months and now i am reasonably confident of the monthly expense figure that is emerging.
Ashish
1. Low PE Stocks are not always great buys. Burnt my fingers wtih a low PE , high ROCE stock which was struck by Management Fraud.
2. Sold too early after a minor gain. Need more patience to hold.
3. Learned recently that apple seeds have something that can kill us.( Movie MOM). Never heard about it in my 45 years of life.