When Ankur Warikoo made money in penny stocks and got addicted

economictimes.indiatimes.com:

Like many retail investors, entrepreneur Ankur Warikoo also started his investing journey with penny stocks. As beginner's luck worked in his favour, he got addicted but the ending wasn't a happy one. Left with a bad taste in his mouth, the social media influencer has stopped investing in stocks directly since then.

«I do not invest in individual stocks because I am not an expert, nor have the time to track their performance. I am a passive investor and invest only through portfolio assets such as (index) mutual funds, smallcases and PMS,» he says.

The best-selling author of 'Do Epic Shit', Warikoo's new book 'Make Epic Money' decodes personal finance in a jargon-free language that GenZ and millennial readers can easily relate to. The book is published by Penguin.

Edited excerpts from a chat with Ankur Warikoo where he talks about his own asset allocation strategy, the mistakes he made and when is the best time to buy a house:

You have kept simplicity at the centre of your book. Why do you think personal finance has become so complex?
Ankur Warikoo: Because often the book is written to impress the reader, as against informing the reader.

My book starts with the admission that I am not trying to impress, because I don’t even have the credentials to. I am simply trying to help.

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