Money Konnect Edelweiss Mutual Fund Podcast

In this episode of ‘Learn with RG’ you will learn that while money can mean different things to different people, it really should not define your sense of self-worth. You are more than the money that you earn. Join us personal value and finances, with a special focus on investing.
 Key takeaways:
·   It is often said that money can’t buy you happiness. Well, this is only half true. While money itself cannot buy you happiness, it does serve as a means to an end. Happiness comes from achieving your goals – some of which come from personal achievements and some of which need to be acquired with money. 
·  The way parents and children interact about money is now changing. Those who are currently in their 40s and 50s, were brought up in an India of scarcity. Money had a different definition for them. On the other hand, our children are growing up in an India of abundance. Inevitably, their relationship with money is going to be different. 
·  Gratitude and greed: It is said that no amount of money is too much money, which means that it is never enough. However, one thing that can help you feel satiated about money is having gratitude. Always be grateful for what you have and remember that there are always 5-10 people behind you. At the same time, always avoid being greedy and avoid the ‘thoda aur’ attitude.
 

In this episode of ‘Learn with RG’ you will learn why it is important to start investing for your children as soon as they are born.
Key takeaways:
·  Start building your child’s investment portfolio early: You must start investing for your child as early as possible – maybe even as early as one month. Best to start getting the paperwork done and then choosing investments that align well with your chosen goals and timeframes. You must remember that starting is the most important factor. Even if the amount is low, you must start and then increase the amount based on your income. Don’t worry about not being able to accumulate the entire corpus. Instead, focus on starting the journey.
·  Know your destination before you choose the path: When it comes to any sort of planning, you start with knowing your destination and then chalking out the path. Financial planning is similar. When you start investing for your child, first take a step back and identify the goal. 
·  Try articulating your goal in a measurable manner: Generally, saving for education takes top priority for most parents. After all, every parent wants to give their children quality education and we all know that the cost of education is only increasing every year. So if you want to save for your child’s education it will be good to know how much money you need to save. A great starting place would be the current cost of higher education in India and abroad. Your target corpus should be equal to or slightly higher than that number.
·  Periodic reviews are essential: If you are starting early, most of your goals would be long-term in nature. For example, investing for your child’s education is at least a 15-18 year goal. Thus, it becomes important to periodically review the portfolio to ensure that the portfolio continues to meet your requirements and is taking you closer to your goal. Also keep in mind that the reviews need to be well paced out, maybe every five years. 
 An investor education initiative by Edelweiss Mutual Fund.
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In this episode of ‘Learn with RG’ you will learn why it is important to start your investing journey when you are young but still have enough to enjoy your short-term goals. 
Key takeaways:

·  Start investing early: The most powerful choice that you can make in your financial planning journey is to start early. When you choose to start early you are choosing to benefit from the power of compounding – something that can help you grow your wealth. 
·  Create a customized asset allocation strategy: Standard asset allocation rules like 100-age for equity allocation don’t really work. Your risk profile is not just dependent on your age. There are several other factors like your asset size, your liabilities, income, etc., which help to determine your risk profile and consequently, your allocation to equity.
·  Everyone needs a contingency fund: Life can be highly unpredictable, a lesson that we all learnt recently when the COVID-19 pandemic hit us. It is during these times that we need to break our investments – something that can often derail our financial planning journey. A contingency fund can help you navigate unexpected circumstances without derailing your financial planning journey. 
· There are no thumb rules in life: We all grow up learning several thumb rules which we are expected to follow. However, it is important to understand that you are a unique individual and the solutions that might be perfect for your neighbour may not benefit you apply. 
·  SIP is a very powerful tool: A Systematic Investment Plan (SIP) can help you save money in a disciplined manner and take advantage of both the power of compounding and rupee cost averaging. The best part is that you can start an SIP with as low as INR 500 and increase the amount as your income and ability to save increases. This way you can start your investing journey as soon as you start earning. 
·  Have a bi-focal approach: Enjoy and spend on short-term goals but also continue to invest for the long-term. Often people think that saving means no enjoyment. However, as long as you have a proper plan in place, you can save, invest, and enjoy your savings. 
 
 

We are all looking for our niche – our area of expertise and comfort. And, once you find it, you want to hold on to it and follow it repeatedly. Then why should your financial plan be any different. The only caveat is that it takes time to find the block that completely fits you, which is why this approach is well-suited for you if you are closer to your retirement years. You ask why? Listen to our podcast to understand this relationship better.
 Key takeaways:
·   When you get to your 50s you have a better understanding of your risk profile, the investments that make you comfortable, and your exact goals. You know what works for you and what doesn’t. 
·  Thus, there is no need for you to experiment with new approaches to investing and get adventurous with your financial plan.
·  At this juncture, all you need to do is consistently follow the approach that has served you well in the past and will serve you well in the future. 
You can listen to the podcast on the Edelweiss Mutual Fund website, Spotify, Google Podcasts, and Apple Podcast. We hope you enjoyed this podcast and will tune in to listen to more such podcasts on investing nuggets.

It is often said that art reflects our lives and that artists showcase the practices and cultures prevalent in their times. However, that is not the only way art reflects our lives. Art is intricate and requires both patience as well as discipline. Sounds similar, doesn’t it? Well, investing is also something like that, especially if you are someone in your 30s who has very nuanced and intricate needs. Listen to our podcast to understand this relationship better.
 Key takeaways:
·  When you are in your 30s, your circumstances change quite significantly. Your needs become more nuanced, your income most likely starts increasing along with your liabilities, and you need to start thinking about the short-term, medium-term, and the long-term.
·  Thus, the investment plan you make needs to be intricate and reflect these nuances. 
·  At the same time, you need to adopt a great deal of patience and discipline. 
 You can listen to the podcast on the Edelweiss Mutual Fund website, Spotify, Google Podcasts, and Apple Podcast. We hope you enjoyed this podcast and will tune in to listen to more such podcasts on investing nuggets.

Art and life are forever entwined. Many of you enjoy art, admire the work of various artists, and perhaps even invest in art. Then there are some of you who are probably artists as well. While art brings both your imagination and reality to life, it can serve another very interesting purpose. It can guide you in your financial planning journey. Listen on to understand this further.
Key takeaways:
· When you start your investing journey as a young individual, you need to understand that your needs, goals, and ability to take risk is different from those of your friends, colleagues, and family.
· Similarly, every investment also has a unique risk and potential to generate returns
· You need to ensure that you take advantage of the different types of investments available while staying aligned with your risk profile and return requirements.

You can listen to the podcast on the Edelweiss Mutual Fund website, Spotify, Google Podcasts, and Apple Podcast. We hope you enjoyed this podcast and will tune in to listen to more such podcasts on investing nuggets.