Many of us aspire to travel the world, own a beamer or a Berkin bag, or live in a coveted seaside apartment. If this is what makes you happy, you should by all means do it. However, the same approach should not be extended to your investments. What we mean to say is that your investments should not be treated as consumption.
Perplexed? Let’s understand this further;
Your expensive diamond jewellery, big mansion or shiny sports car help you make a statement. It has become the ‘in’ thing to invest in products that are trendy and discuss them with your friends/ peers at a cocktail party or a golf session.
“I’ve just put in US$10,000 in Bitcoin.” “I have invested in a funding round of an upcoming startup that can be the next Flipkart.” “I have
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