I thought equity investing was a gamble but now aim to hold 60% equity for retirement

Published: January 30, 2022 at 7:00 am

This time in the reader story we meet young Vidur who has just started his goal-based investing journey. His attitude towards mutual funds and equity investing has changed from “it is gambling” to “I want to hold 60% equity in my long term asset allocation”.

About this series: I am grateful to readers for sharing intimate details about their financial lives for the benefit of readers. Some of the previous editions are linked at the bottom of this article. You can also access the full reader story archive.

Opinions published in reader stories need not represent the views of freefincal or its editors. We must appreciate multiple solutions to the money management puzzle and empathise with diverse views. Articles are typically not checked for grammar unless necessary to convey the right meaning to preserve the tone and emotions of the writers.

If you would like to contribute to the DIY community in this manner, send your audits to freefincal AT Gmail dot com. They can be published anonymously if you so desire.

Please note: We welcome such articles from young earners who have just started their investing journey. See, for example, this piece by a 29-year old: How I track financial goals without worrying about returns.


Build a complete financial plan with our Robo Advisory Tool. More than 1000 investors and financial advisors use it!
Get free money management solutions delivered to your mailbox! Subscribe to get posts via email! (Subscribers get exclusive discounts!)


New Tool! => Track your mutual funds and stocks investments with this Google Sheet!

We have also started a new “mutual fund success stories” series. This is the first edition: How mutual funds helped me reach financial independence. Now over to the author.

Sir, I want to publish my personal finance audit, and I want to give you a testimonial that you are a “digital asset” ( as I followed you from YouTube ) for teaching me investing.

Background: I’m a 27-year guy named Vidur, I completed my college degree in Mechanical stream in 2015. And joined a mechanical company for 9000/month salary

First 3 years, I don’t know anything about Saving or Investment and whatever salary I received was spent.

Next, I moved to another company with a higher salary and was keeping all the salary in a savings bank account.

My bike ( gifted by my parents )got stolen in the year 2017. And I claimed insurance and they gave me 70k, then it was also kept in the same savings account.

In 2018, Some of my friends were talking about MF investments and I asked my friend to get me a Demat account ( I don’t know at that time, MF investment doesn’t need a demat account ). Then opened a paid demat account with a discount broker and asked my friend what that name of the fund he was investing in ( his reply it was Axis mutual fund ) then I went Into that discount broker app and typed axis mutual fund and clicked the first option and made a SIP for 3000/month.

It was Axis focused 25 fund (G), I don’t know it was Direct or Regular.
SIP was kept ongoing for 30 months ( insurance money 70,000 was invested an additional 20,000 was invested ) it was grown to 1,18,000 in Jan – 2021 ( was not having any idea about the corona crash. ( Even don’t know the index went to 7000-8000 level ). Then I withdrew the amount and got another bike.

Then I thought not to play these MF games anymore ( as heard the stock market is a gamble ) and stopped investing.

Six months rolled over. Accidentally I saw your retirement planning video on YouTube Tamil version ( closed it in the midway felt it was boring, I didn’t know the importance of that ) then after someday again I saw that half played video and completed it. I understood the thing and some interest came in me

Then started watching all your Tamil + English videos gained much information and knowledge, then started to apply all the knowledge from July 2021, and
Started my long term investing journey.
( Your tea Kadai example cleared the functioning of the stock market and bond market ).

Editors Note: This is the full list of Tamil YouTube Videos. The relevant English and Tamil Versions of the videos mentioned are embedded below. For those who may not be aware, we have 1158 videos on YouTube (most of them in English!)

Retirement Planning: English Version

Retirement Planning: Tamil Version

Inflation – the tea shop example: English Version

As of now, having only one goal ( wealth creation or retirement goal )

Made an excel sheet with all the information to track the goal and amount invested every month.

My 3-year savings were kept in the savings bank account. From that 1 year salary is moved to liquid fund for an emergency fund

Then I created my portfolio with
Equity – Index fund + Smallcase
Fixed income – Gilt fund + PGINVIT

So my asset allocation is Equity 45% and Fixed income 55%. In the next 6 to 7 months I can bring the ratio to Equity 60% and fixed income 40%.

My friends are not aware of the importance of investing and I’m trying to push your videos to them to get the awareness personally I’m helping them to understand the context to kick start their investing journey.

Reader stories published earlier

As regular readers may know, we publish a personal financial audit each December – this is the 2020 edition: How my retirement portfolio performed in 2020. We asked regular readers to share how they review their investments and track financial goals.

These published audits have had a compounding effect on readers. If you would like to contribute to the DIY community in this manner, send your audits to freefincal AT Gmail. They could be published anonymously if you so desire.

Do share if you found this useful
Enjoy special discounts on our 10th anniversary until May 31st!  
Explore the site! Search among our 2000+ articles for information and insight!

About The Author

Pattabiraman editor freefincalDr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over nine years of experience publishing news analysis, research and financial product development. Connect with him via Twitter or Linkedin or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation for promoting unbiased, commission-free investment advice.
Use our Robo-advisory Excel Template for a start-to-finish financial plan! Now with a new demo video!  More than 1000 investors and advisors use this!
Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! More than 2800 investors and advisors are part of our exclusive community! Get clarity on how to plan for your goals and achieve the necessary corpus no matter what the market condition is!! Watch the first lecture for free!  One-time payment! No recurring fees! Life-long access to videos! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.
Our new course!  Increase your income by getting people to pay for your skills! More than 675 salaried employees, entrepreneurs and financial advisors are part of our exclusive community! Learn how to get people to pay for your skills! Whether you are a professional or small business owner who wants more clients via online visibility or a salaried person wanting a side income or passive income, we will show you how to achieve this by showcasing your skills and building a community that trusts you and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos!   
My new book for kids: “Chinchu gets a superpower!” is now available!
Both boy and girl version covers of Chinchu gets a superpower
Both boy and girl version covers of Chinchu gets a superpower.
Most investor problems can be traced to a lack of informed decision making. We have all made bad decisions and money mistakes when we started earning and spent years undoing these mistakes. Why should our children go through the same pain? What is this book about? As parents, if we had to groom one ability in our children that is key not only to money management and investing but for any aspect of life, what would it be? My answer: Sound Decision Making. So in this book, we meet Chinchu, who is about to turn 10. What he wants for his birthday and how his parent’s plan for it and teach him several key ideas of decision making and money management is the narrative. What readers say!
Feedback from a young reader after reading Chinchu gets a Superpower (small version)
Feedback from a young reader after reading Chinchu gets a Superpower!
Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. - Arun.
Buy the book: Chinchu gets a superpower for your child!
How to profit from content writing: Our new ebook for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only!
Did you know? We have more than 1000+ videos on YouTube to explore! Join our YouTube Community!

Want to check if the market is overvalued or undervalued? Use our market valuation tool (will work with any index!), or you buy the new Tactical Buy/Sell timing tool!
We publish mutual fund screeners and momentum, low volatility stock screeners .every month.
About freefincal & its content policy Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on developments in mutual funds, stocks, investing, retirement and personal finance. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified from credible and knowledgeable sources before publication. Freefincal does not publish any paid articles, promotions, PR, satire or opinions without data. All opinions presented will only be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)
Connect with us on social media
Our publications

You Can Be Rich Too with Goal-Based Investing

You can be rich too with goal based investingPublished by CNBC TV18, this book is meant to help you ask the right questions, seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now. It is also available in Kindle format.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantThis book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost! Get it or gift it to a young earner.

Your Ultimate Guide to Travel

Travel-Training-Kit-Cover-new This is an in-depth dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step. Get the pdf for Rs 199 (instant download)
Free android apps