Don't Invest In Things You Don't Understand, Ft. Sandeep Das, IIM Bangalore, INSEAD, PwC

The writer of the best seller, “Hacks for Life and Career - A Millennial’s Guide to making it BIG”, Sandeep Das who is also a Consultant having 13 years experience in FMCG tells you how to manage your personal finances effectively. The biggest mistake the millennials and Gen Z makes is having no knowledge about how to manage finance smartly. If the terms like Emergency Fund, Rent, EMI, Inflation trouble you, this video is for you.
What would your investing strategy be Like? Tell us in the comments below.
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[@InsideIIMKonversations]

If you don’t want to miss any of our videos, all you need to do is join us on WhatsApp. Click here to join - bit.ly/_whatsappupdates Recommended Watch: The 2008 Crisis Killed My Career. Here’s How I Turned It Around - Sandeep Das, PwC, IIM B, INSEAD: bit.ly/3AR74VU

[@Machaivelli]

This is going down in my saved playlist As a 26 yr old found it to be really informative 👌

[@sandeepdas7889]

Thanks :)Glad you liked it :)

[@InsideIIMKonversations]

Glad it was helpful!

[@ashwinm5557]

Also, I disagree that one should beat the inflation by 2 to 3%. Index funds typically give 12% returns. One should be able to beat inflation by atleast 5 to 6%. A good scenario would be to pick quality stocks that can beat inflation by atleast 13 to 14%.

[@prafullchaudhari7490]

Good share with my siblings in 20s👍

[@InsideIIMKonversations]

Great to know that. Prafull ,what else would you like Sandeep to create for you?

[@prafullchaudhari7490]

@@InsideIIMKonversations Well, I have experienced the lack of guidance. And a video on Catching a upcoming technology/career trend would be helpful for making standout profile. I know it is very broad topic but still would like to hear your thoughts collectively.

[@captainfortnitegaming2889]

sir are you suggesting that it's the real estate in India or this follows worldwide? because many millionaires suggest that real estate is the key to bands, and is nifty the key to get rich?

[@sandeepdas7889]

This is more in India. Outside India, rental yields are much higher and real estate is a lot cleaner

[@captainfortnitegaming2889]

@@sandeepdas7889 Thanks Sir!

[@sparkabundancespirituality1755]

Great tips💯 If you want to have money flow it's also important to know how to manage your money. The more you safe the more money you will have.

[@sandeepdas7889]

Thanks :) Glad you liked it

[@sparkabundancespirituality1755]

@@sandeepdas7889 You're most welcome❤️🤗

[@InsideIIMKonversations]

So true!

[@rajeshshetty5532]

Your ROI on investment is not just taken on Rental income, it should also include Tax savings and the appreciation that Real estate gives. Considering all these 3 factor, if u have good disposable income and your outlook is long. You will emerge winner in real Estates. I have seen around 30 times returns I.e. 3000% returns over a period of 25 years. This is phenomenal even if you consider return being compounded monthly also.

[@sandeepdas7889]

Possible Rajesh :) This video was more in terms of someone in their 20s where disposable income might be limited and opportunity costs of other instruments are higher

[@sarthaksingh6888]

Goosebumps from the beginning, as always amazing presentation and I really got to learn new things. Thanks

[@sandeepdas7889]

Glad you liked it

[@InsideIIMKonversations]

Glad you loved this one

[@jaikarera1503]

ALL THE BEST FOR YOUR UPCOMING CAT

[@ashwinm5557]

Hey Sandeep, I disagree that 70% should go into debt funds. The younger one is more should be in equity. A suggestion of 65% of equity and 35% of debt would be ok. I move with 90% equity and 10% debt.

[@rajendramaladkar5938]

My son was bought your book and it has greatly inspired him! Thank you Sandeep

[@sandeepdas7889]

Thank you Rajendra :) Great to hear that.

[@InsideIIMKonversations]

So nice of you

[@niharikapandey4784]

Your thoughts on investing in sgb ?

[@InsideIIMKonversations]

Do you mean Gold bonds?

[@niharikapandey4784]

@@InsideIIMKonversations yesss

[@Harshraj-mp8jg]

Thanks for the insightful suggestion sir. My question is How to start investing in stocks in early 20's just to get started??

[@sandeepdas7889]

Thanks Harsh. You need to have a demat account or register on a platform to buy stocks. I would suggest you go the mutual fund route - especially the large cap funds.

[@Harshraj-mp8jg]

@@sandeepdas7889 Thanks for the response sir. I want to let u know that i already have a demat account and i have started to invest in large cap MF, i mean i have just started. So my question to u is it better to stick to MF for a while until I gain all the necessary knowledge to pick stocks Or should I only invest in MF right now!!

[@sandeepdas7889]

@@Harshraj-mp8jg If you don’t have the time to study stocks in detail, you should do MF. I always prefer MF as the fund manager will always have dedicated research team to help take these decisions.

[@Harshraj-mp8jg]

@@sandeepdas7889 Thanku so much sir, Now I have much clarity after ur response.

[@StarLord03117]

Hello Mr. Sandeep you mentioned a 70-30 split of Debt and Equity class for people in their 20s. My question is shouldn't we go with an aggressive strategy like a 50-50 or 30-70 split of Debt and Equity as for majority of people the financial obligations are far less than those who are in their 30s or 40s. And what are your thoughts about passive investing in index funds with lower expense ratio than actively managed large cap funds and similar returns over the long horizon. I am a student of MBA majoring in Finance currently in my third semester and will be starting my work from next year and currently planning my personal finance for the next 5-10 years.

[@sandeepdas7889]

Very good questions Zain. I am a big fan of passive investing especially in the large cap space. I think I prefer the 70-30 split because careers are far more brittle than earlier decades so the notion of risk taking is different. Also, people might want to do their own venture after some time so stability in savings that beats inflation by 2-3 percent every year is important.