On December 30 last year, we had designed an interesting competition for you – ‘The Happy Investing Contest.’ To participate, all you had to do was tell us in about 100 words your motivation / inspiration to invest. And boy! Were we amazed with the answers we got, or what?!
While most of our participants told us that they invested to build wealth, some of them explained that they took to investing to save for a rainy day. All the answers did well to give us a glance into your investing mindset and we would like to thank you all for your participation.
There were three answers in particular that impressed our panel of judges. We’ve listed them down for you. While displaying clarity in thoughts and writing, what really caught our attention was the manner this information was communicated to us, i.e., with brevity and a lot of power in words.
Anurag Chordiya, our second runner-up, had this to say:
“One of the most compelling reasons to invest is the prospect of not having to work your entire life. By investing our money, we are getting our money to generate more money by earning interest on what we put away or by buying and selling assets that increase in value. The objective is: to make investments that will generate more cash for us in the future. As they say, “Money isn’t everything, but happiness alone can’t keep out the rain.””
Sheetal, our first runner-up, had a beautiful and crisp message too:
“Financial awareness happened only after the sword of EMI appeared. Debt spooked me and little did I know of the lost opportunity for early investment. Trying to recover lost ground, ventured into trading and as Murphy would have it – the year was 2008 and with ‘stock tips,’ I completely burnt my fingers. Took a break and re-assessed that short-term gratification was never the answer. Then Fundsindia dawned, giving perfect foundation for my investment journey – one that is not only long, challenging, educative and humbling but also one that unravels the self in a way – one step at a time.”
And the winning entry was by Gautam Shah, who had a powerful message to share:
“I invest to secure the financial future for me and my loved ones. Equity mutual funds are great investment vehicles for long term wealth creation. Yes, equities are volatile in short term; but create unmatched value over long term. For instance, you are equally likely to make or lose money with a one year horizon. Extend that to three years, and 2 out of 3 times you would make money. Now, think 10 years, and you would almost certainly make money on equities. Our financial needs – retirement, children’s education – are long term. Why shouldn’t the investment outlook be long term?”
Congratulations to our winner, Gautam Shah!
We would like to wish you all the best for this year and we hope all your investment dreams come true with FundsIndia!