Vishal Khandelwal

Budget, Taxes, and the Power of Acceptance

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Budgets, with all their economic mumbo jumbo and despite sometimes their big announcements (like increase in capital gains tax, no indexation benefit on real estate etc.), don’t really matter to you as an investor in the larger and longer scheme of things.

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Kenneth Andrade on Spotting Great Businesses, Market Cycles, and Playing the Long Game of Investing

The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life

Buy your copy of the book Morgan Housel calls “a masterpiece.” It contains 50 timeless ideas – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, and Steve Jobs to Naval Ravikant – as they apply to our lives today. Click here to buy now.

In the 33rd episode of The One Percent Show, I talked with Kenneth Andrade, Founder and CIO of Old Bridge Capital Management and Old Bridge Asset Management. Kenneth has over 32 years of work experience in equity research and funds management, which includes a formidable track record managing some of India’s most successful equity funds.

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10 Questions on Money and Investing that Changed My Life (E-Book)

The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life

As investors, we are constantly bombarded with a deluge of information, tips, and strategies, all promising to be the key to financial success. Yet, I believe that, amidst this noise, the true essence of understanding how to walk on this path lies not in the answers we seek or are thrown at us, but in the questions we ask.

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Letter to A Young Investor #1: The Philosophy of Wealth

I am beginning this new series of letters on the art of investing, addressed to a young investor, aiming to provide timeless wisdom and practical advice that helped me when I was starting out. My idea is to help young investors navigate the complexities of the financial world, avoid misinformation, and harness the power of compounding by starting early with the right ideas and steps. This series is part of a joint investor education initiative between Safal Niveshak and DSP Mutual Fund.

Dear Young Investor,

I hope this letter finds you in great spirits.

I am happy to know that you have decided to become an investor and start at a young age. This is a great idea because an early start is an important step in your journey. I will talk more about the power of an early start as we move deeper into this series of letters.

You may be wondering, like all young ones do, “Why this series of letters on how to become an investor? Isn’t there enough information on the Internet already on how to invest to get rich fast?”

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Safal Niveshak is 13 Years Old

The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life

Why do we have to listen to our hearts?” the boy asked. “Because, wherever your heart is, that is where you will find your treasure.” – Paulo Coelho from The Alchemist.

Listening to the heart is often seen as a romantic notion, and like my wife tells me all the time, I am far from being one. But she knows how I did listen to my heart 13 years ago to start Safal Niveshak, and in doing so, I found my treasure.

As I sit down to write this, I’m filled with a profound sense of gratitude and reflection. It has been 13 years since I started Safal Niveshak, an initiative born out of a passion for teaching myself, and others, to become better investors. This journey has been nothing short of extraordinary, marked by countless lessons, challenges, and moments of triumph.

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The Silent Force Driving Success in Life and Investing

The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life

On a cold morning in 1931, in a small town in the US, a seven-year-old boy was playing with a young girl when they were unexpectedly attacked by a stray dog. Tragically, the girl was bitten, contracted rabies, and succumbed to the illness. The boy, miraculously, emerged unharmed.

This boy grew up to be known as Charlie Munger. Yes, you read that right.

Reflecting on this incident later in life, Charlie pondered and said, “That damn dog was three inches from me. All my life I’ve wondered: why did it bite her instead of me? It was sheer luck that I lived and she died.”

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The One Percent Show: Bogumil Baranowski on Building Generational Wealth and Playing the Infinite Game of Investing

Welcome to the 32nd episode of The One Percent Show with Vishal Khandelwal. This show is an open-ended exploration into the minds of the wisest people around to help us learn to think, invest, and live each day a little, even if as little as one percent, better.

In this episode, I talked to Bogumil Baranowski, a seasoned investor, insightful author, and thought leader in finance and investing.

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5 Things You Should Not Care About as an Investor

Rethinking Financial Freedom Masterclass: Join Now

I am holding a 2-hour online session on the subject of “Rethinking Financial Freedom.” The session is free for Mastermind members. However, if you are not one, you can join the session by registering now. The session will be on this Saturday, 29th June 2024, from 8 to 10 PM IST, on Zoom. Recording will also be available after the class. Click here to know more about this masterclass and join.

I was at a friend’s place recently, and since we are in a bull market, and against my wish, we got down to talk about investing.

As I had expected, most of the discussion was around what the markets have done in recent times, and where they are likely to go after the new government gets down to work. I tried to move the conversation towards long-term investing, but was pulled back again and again by things that worry people in the short term. And that led me to think about this post about, well, a few things you should not care about as an investor.

Let’s dive right in.

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I Have Never Sold Stocks for This Reason

A couple of announcements before I begin today’s post –

1. Mastermind Value Investing Course – ₹2,000 Discount Ends Today: I invite you to join my premium, online membership and course in Value Investing – Mastermind – at a special discount of ₹2,000, available till end of day today (25th June 2024). Mastermind teaches a structured, step-by-step process of stock picking as practised by the world’s most successful investors. And it’s not just a course anymore, but an all-in-one membership to my most detailed value investing course, plus exclusive members-only content like special articles, ebooks, transcripts of my podcasts, notes from the books and other timeless resources I am reading, and curated content that I am consuming and learning from. Click here to know more about Mastermind and join.

2. Rethinking Financial Freedom Masterclass: I am holding a 2-hour online session on the subject of “Rethinking Financial Freedom.” The session is free for Mastermind members. However, if you are not one, you can join the session by registering now. The session will be on this Saturday, 29th June 2024, from 8 to 10 PM IST, on Zoom. Recording will also be available after the class. Click here to know more about this masterclass and join.

I am a ‘buy-and-never-sell’ kind of investor. But I have sold a few stocks in the past.

I have sold stocks that I realized were mistakes to begin with. I have sold stocks that did not move for a few years (and then they moved!). And I have sold stocks when I needed money for my requirements and had no other asset to encash.

In fact, I have also created an illustration on when you should sell your stocks –

But there is one important reason for which I have never sold my stocks. Not a single one.

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My Stock Valuation Manifesto

A couple of announcements before I begin today’s post –

1. Mastermind Value Investing Course Admissions: I invite you to join my premium, online membership and course in Value Investing – Mastermind – at a special discount of ₹2,000, available till 25th June 2024. Mastermind teaches a structured, step-by-step process of stock picking as practised by the world’s most successful investors. And it’s not just a course anymore, but an all-in-one membership to my most detailed value investing course, plus exclusive members-only content like special articles, ebooks, transcripts of my podcasts, notes from the books and other timeless resources I am reading, and curated content that I am consuming and learning from. Click here to know more about Mastermind and join.

2. Rethinking Financial Freedom Masterclass: I am holding a 2-hour online session on the subject of “Rethinking Financial Freedom.” The session is free for Mastermind members. However, if you are not one, you can join the session by registering now. The session will be on Saturday, 29th June 2024, 8 to 10 PM IST, on Zoom. Recording will also be available after the class. Click here to know more about this masterclass and join.

I had shared my Investor’s Manifesto two years ago. Here is my fifteen-point stock valuation manifesto, which I have been using as part of my investment process for the past few years.

It is evolving but is something I reflect back on if I ever feel stuck in my stock valuation process. You may modify it to suit your own process and requirements. But this in itself should keep you safe.

Read it. Edit it. Print it. Face it. Remember it. Practice it.

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Vishal Khandelwal

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