What gets you rich?

Most of the investors I have met in the last couple of months share a common goal - they want to get rich. While there could be various reasons for this quest for wealth creation, the desire remains the same. Later, I will also cover a few of the investors we onboarded who were diametrically opposite. They were sorted in a very different way. However, since most want an accretion in their wealth, how does one achieve this? Let me put it simply. There are three key determinants to wealth creation: Where do you invest How much of your capital do you invest in a particular asset/asset class Whether your behaviour aligns with the nature of the invested asset Now, let's examine each of the determinants separately. Where do you invest? Clients have many investment choices, including direct investments or through various investment vehicles. The common investment choices are as follows: Equity: Stocks, mutual funds, PMS (portfolio management services), or AIF (alternative investment funds). Debt: Small savings schemes, fixed deposits, bonds, or debt mutual funds. Gold or commodities: Ornaments, physical coins, ETFs (exchange-

This article was originally published on August 11, 2023.