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I am writing this series of letters on the art of investing, addressed to a young investor, with the aim to provide timeless wisdom and practical advice that helped me when I was starting out. My goal 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 principles and actions. This series is part of a joint investor education initiative between Safal Niveshak and DSP Mutual Fund.
Dear Young Investor,
I remember being taught a common rule of etiquette while growing up: you never ask a woman her age or a man his salary.
Salary or money, specifically, was a private matter. Talking about how much you earned or had in the bank was just not done.
Basically, the idea was to not ask personal questions unless you earned the closeness, or the context clearly required it.
[Read more…] about Letter to A Young Investor #19: The Dark Side of Financial Education
