Lost Opportunities

The thing about opportunity is that you will know about it only when it passes you by. The gate opens now but what will happen if you enter (or if you choose not to enter) can be known only post-facto. That is how the life unfolds and there is nothing you can do about it.

But what you can do is spread your risk.
First, figure out your risk appetite.
Then enter every window of 'opportunity' that opens up within your risk band.
Some will click and some will not.
But you would have tried.

For a person who is as risk averse as I am, the goal to shoot for would be: preserve my initial investment + 14% return.

What is your goal?

Prescription to riches

Here's a prescription for becoming richer than you are now.
1) Divert 10% of salary to low-risk investments, such as SIP, Unit-Linked Insurance, Bonds, etc.

2) Divert 10% of your salary to high risk investments, such as shares.

3) Keep 10% of your salary liquid. You may have to spend it should there be an emergency. If there is no sudden requirement of this money sweep this into your savings. (Some banks offer such accounts, where after reaching a threshold your money is moved into a long-term deposit)

4) Enjoy rest of the 70%.

Do the above without fail.
Try it and let me know.

What? You mean to say 70% of your salary is too less.
Too less for what?
If you cannot control your expenses, you will not become richer.
That much is assured.