17/9/22
The Biggest Risk I Have Taken Is With My Savings
I put it all into various investments
“Life is either a daring adventure or nothing at all.” ― Helen Keller,
For so long, I had let my money just sit in my savings account. Doing nothing about it. For me, it was in a safe space even though it was not growing. It gave me solace that I was not risking it by investing it in stocks or mutual funds, not even in fixed deposits, and therefore no chances of losing it. I was just not ready for the game of making my money compound.
In fact, I scoffed at the idea of venturing into bonds or blue chips or any kind of arbitrage.
Slowly, I started paying close attention to people who would discuss investing and the power of compounding. They spoke about how their money was creating money while they slept. Most of these people had a lot of credibility, especially in matters of finance. As I paid attention to their talks, it all started making sense to me. My fear of investing my money was soon lifting.
Lo and behold, I found myself leaning into this topic intently. I was now actively seeking the company of people whom I could discuss this with. I have to admit, it was getting more alluring with each discussion. I also realised that I could have started investing long back.
I read books, articles, and any piece of information I could find on this. I was hands down sold by the idea of investing. It was motivating and inspiring.
That’s how I had the courage to then put all of the hard-earned money that I had been saving into various forms of investments. I did take the help of an experienced broker, and under the guidance of an Uncle who played a major role in convincing me about the advantage of compounding, I invested all the money I had lying with me. They together helped create a low-risk portfolio but made sure that the funds I invested in were top performing.
So yes, it was a big risk. Given that I had zero knowledge about investments and I was putting all my eggs into one basket.
However, this was one risk that paid off well, literally. I, to date, continue to reap the profits of that risk, never mind the wavering state of the markets.
“Money is always eager and ready to work for anyone who is ready to employ it.” ― Idowu Koyenikan,
