Just Keep Buying

Oct 2023
3 min read

  1. Find where you are in your financial journey before deciding where to focus your time and energy. If your expected savings are greater than your expected investment income, focus on savings; otherwise focus on investing. If they are similar, focus on both.
  2. Your income and spending are rarely fixed, so your savings rate shouldn’t be fixed either. Save what you can to reduce your financial stress. 
  3. Cutting spending has its limits, but growing your income doesn’t. Find small ways to grow your income today that can turn into big ways to grow it tomorrow.
  4. If you ever feel guilty about splurging on yourself, invest the same amount of money into income-producing assets or donate to a good cause. This is the easiest way to have worry-free spending. 
  5. Debt isn’t good or bad, it depends on how you use it. Debt can be harmful in some scenarios and helpful in others. Use debt only when it can be most beneficial for your finances.
  6. Buying a home will probably be the biggest financial decision you ever make. As a result, you should only do it when it fits into both your finances and your current lifestyle.
  7. Retirement is about more than money. Before you decide what to retire from, make sure you know what you want to retire to.
  8. You won’t be able to work forever, so replace your human capital with financial capital before it’s too late. Investing is the best way to accomplish this.
  9. To really grow your income, think like an owner and use your money to buy income-producing assets.
  10. Since most markets are expected to rise over time, buying quickly and selling slowly is the optimal way to maximize your wealth. If you don’t feel comfortable with this, then what you are buying/selling might be too risky for you.
  11. You will experience periods of good and bad luck throughout your investing career. However, the most important thing is how you behave over the long term.
  12. Don’t forget that you have to experience some downside if you want to earn your upside. Future returns are usually the highest following major crashes. Don’t be afraid to take advantage of these crashes when they periodically occur.
  13. Sometimes it’s okay to sell. After all, what’s the point of building your wealth if you don’t do anything with it?
  14. No matter how successful you get with your money, there will always be someone with more. If you win the financial game, make sure you don’t lose yourself in the process.
  15. You can always earn more money, but nothing can buy you more time.
PGIM India Asset Management Private Limited
(CIN - U74900MH2008FTC187029)
Toll Free Number: 1800 266 7446
Email: care@pgimindia.co.in
This is an Investor Education and Awareness Initiative by PGIM India Mutual Fund.
All the Mutual Fund investors have to go through a one-time KYC (Know Your Customers) process. Investor should deal only with the Registered Mutual Funds (RMF). For more info on KYC, RMF and procedure to lodge/redress any complaints, visit https://www.pgimindiamf.com/ieid.
The information contained herein is provided by PGIM India Asset Management Private Limited (the AMC) on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. However, the AMC cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed. The information contained herein is current as of the date of issuance* (or such earlier date as referenced herein) and is subject to change without notice. The AMC has no obligation to update any or all of such information; nor does the AMC make any express or implied warranties or representations as to its completeness or accuracy. There can be no assurance that any forecast made herein will be actually realized. These materials do not take into account individual investor's objectives, needs or circumstances or the suitability of any securities, financial instruments or investment strategies described herein for particular investor. Hence, each investor is advised to consult his or her own professional investment / tax advisor / consultant for advice in this regard. The information contained herein is provided on the basis of and subject to the explanations, caveats and warnings set out elsewhere herein. The views of the Fund Manager should not be construed as an advice and investors must make their own investment decisions regarding investment/ disinvestment in securities market and/or suitability of the fund based on their specific investment objectives and financial positions and using such independent advisors as they believe necessary.