Ajmera Investor

30/08/2019

26/08/2019

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05/03/2019

https://youtu.be/uLJso2Y4lrA

Presented by Dr. Ankit Ajmera (Dr. AAA)

19/02/2019

Presentation on Concept of SIP - 1

Presented by Dr. Ankit Ajmera

21/01/2019

Dr. Ankit Ajmera (Ahmedabad):
Maulesh : I want to start SIP of Rs. 10000 in two different mutual fund companies Rs.5000 each.

Dr. AAA : Why two companies?

Maulesh : As warren buffet says..NEVER PUT ALL YOUR EGGS IN ONE BASKET

Dr. AAA : That's true but in other sense. Here the basket is ASSET CLASS meaning Gold, Real estate, Equity and Bank FD.

Tell me yr home loan details and yr salary.

Maulesh : My salary is 1 lakh and my EMI is Rs. 50000. I took 52 lakh loan for 75 lakh home. 3 years completed.

Dr. AAA : Great dear. Your current monthly expense?

Maulesh : Rs. 30000 and I can save now Rs.10000 as my car loan EMI is completed.

Dr. AAA : 🙂 Hey..great. Meaning your savings was Rs. 50000 EMI Home + Rs. 10000 EMI car = Rs. 60000. Now you want to start SIP instead of EMI. But have you checked, how much % of your savings goes to your home loan?

Maulesh : Around 85%

Dr. AAA : That's my worry. You are putting all your eggs in one basket (Real Estate - Home)

Maulesh : But, it is necessary. I want to save tax

Dr. AAA : Oh..what tax? Only 2 lakh interest of home loan (30% tax bracket - Rs. 60000 save in a year)

Maulesh : Yes.

Dr. AAA : But my dear Maulesh, at the cost of interest of your home loan. Your EMI is 50k for 20 years. Meaning 50 x 12 x 20 = 1.2 crore against yr loan of Rs. 52 lakh.

1.2 crore - 52 lakh = 68 lakh interest for 20 years almost 3.5 lakh interest per annum by saving Rs. 60000 per annum tax. Your loss is 3.5 lakh - 60000 = 2.9 lakh per annum. (Interest)

Maulesh : OMG. 😱😱
Really? Nobody told me about this. Not even my CA.

Dr. AAA : And yes.. If you invest those Rs. 50000 per month in SIP for 20 years @ 10% CAGR, you will get 3.5 crore or @ 12% 4.5 crore.

Maulesh : 😟😢😰 Oh..why have I purchased home?
Thanks Dr. AAA. I will tell everybody not to buy second home for investment. Instead start SIP. *Don’t save tax. Save money.*

Dr. AAA : And yes...mutual fund SIP avg return in 20 years is 18%.

*So it comes to 10 crore*

Maulesh : What about 25 lakh down payment?

Dr. AAA : 7 crore after 20 years

Maulesh : Meaning 17 crore total.. 😱😱

Oh.. Don’t tell me. My 75 lakh home after 20 years will never give me 17 crore. 😰😰

Ghar ghar ki kahani..

26/10/2018

It is always better to take a risk when people become risk averse

14/01/2018

Misunderstood Profession
**
At a student Q&A, Buffett was asked what surprises him the most.

He replied pointing to Bill Gates who was standing next to him:

"People look at Bill Gates and think they can't do what he did. They look at me and think they can do what I did"

For some reason, everyone believes they can manage their money proficiently even though history has a completely different story which says that while "investment" returns have been spectacular, "investors" have returned empty handed or abysmally little to talk about.

Perhaps the art of money management is misunderstood as a science.

1) Money management is to do a lot with undefined patterns that is harnessed by years of experience.

2) Money management is about taking action but also largely also about inaction. Money management is a lot about doing nothing and letting "boredom" win the battle for "patience" to win the war

3) Money management is more a science of human psychology and behaviour managment than a science of statistics that people believe algorithms/robots can conquer.

It is an irony that one assumes that "reading the offer document" is all that is needed to become an investor.

If a document and a TV channel could make investors proficient then all one would need would be a similar document and TV channel to manufacture successful doctors.

The truth is that even a doctor becomes proficient, not by earning his or her degree but because of years of experience of seeing countless patients.

As regards "malpractices", the perpetrators of the same should to be booked but then one also needs to understand that "exceptions" cannot be turned into the pen that writes the rules for the rest.