Kaun banega ‘crorepati’? Yes of course. It’s like aiming to score a century in a cricket match. Achievable, but it requires strategy, consistency, and sometimes, a bit of luck.
- Equity Investments: Invest in the stock market, but not blindly. The power of equities to deliver high returns is unparalleled. Picking individual stocks or equity mutual funds requires adherence to solid principles like the Roots and Wings philosophy. Prioritize stocks with robust balance sheets (roots) and consistent growth (wings). A well-curated and diverse equity portfolio can potentially deliver returns between 12-20% annually. But remember, higher returns come with increased risk.
- Start a Side Business: Do you have a skill or passion? Transforming it into a business can bring lucrative returns. Whether it’s a food venture, digital marketing agency, or e-commerce store, start small and scale up. Businesses, if successful, can provide exponential returns over time. And, if managed well, your venture could well exceed the 1 crore mark in 5 years.
- Real Estate: While real estate requires a considerable initial investment, properties in emerging locations can offer substantial returns. The key is to research, select a growing area, and negotiate well.
- SEBI Registered Investment Advisor: Collaborate with a professional. A SEBI Registered Investment advisor can guide you on creating a portfolio tailored to your goals and risk appetite. Investment isn’t about random bets; it’s a meticulous strategy.
- Save Aggressively: The principle is simple – the more you invest, the more you can potentially earn. An aggressive savings approach, coupled with prudent investing, can propel you closer to that crore.
- Avoid the Quick Sand: Steer clear from options, futures, or any form of leveraged investing. As SEBI statistics reveal, such strategies result in significant losses for individual investors. Instead, focus on time-tested, long-term strategies.
To sum up, achieving a crore in 5 years is like nurturing a banyan sapling. It requires care, patience, and an environment conducive to growth. As the famous investor Mohnish Pabrai quipped, “I look at investing as a game of patience.” And so, while the goal is ambitious, with the right moves, your patience can indeed pay off richly.
Considering a trusted guide for your journey? Think about Jama Wealth’s PMS services and the associated SEBI Registered Investment advisory services.
