When Ankur Warikoo made money in penny stocks and got addicted
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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