Before investing learn money management, the logic is that when you can’t even manage a small amount of money, you will not be able to manage lakhs/ crores in the future. So this perception needs to change that there’s no need to manage a small amount of money. Save money in safer assets and then get into investments.
1. Tell us about your background and journey?
We are 2 brothers who did not go to regular college as we were always passionate about the stock market, we aspire to be in the top 50 investors in the world. We started educating people about the stock market on 29/12/2014. We started our journey by teaching students at our house in Delhi.
2. What is exactly the Goela School Of Finance?
GSF aims to remove the financial misjudgments regarding finance and bring financial efficiency to people’s lives.
3. There is a lot to know in the field of Finance and there are
no traditional schools which teach Finance. So how can one learn about Finance?
With GSF Finance is more specific to the stock market, because finance is a very big umbrella and a lot is there in the finance industry. We are into investments, personal finance, money management, and stock market training. We have training programs with proper mentorship and we help our students with everything regarding their financial knowledge.
4. What are your views on debt and taxes?
Tax- Taxation is a very misunderstood topic, according to me, tax is given a lot of weightage, that should not be given to it.
People try to cut corners and save small amounts on taxes, the
point is that the time they put into saving taxes in some other way, that time
can be put into learning something to increase their earning capacity which is
a much better mindset to have. I haven’t met anyone who became rich by saving
taxes.
Yes, you should save taxes but there should be a balance, it
shouldn’t be out of proportion to your income.
Debt- It is a powerful tool that has to be used correctly and effectively. For example, Debt taken for business expansion is a good idea, but investing in stock markets with the debt money doesn’t make sense at all. People should have more clarity on how to use it for their benefit, everyone has credit cards, and everyone is taking loans and that is the main reason for people being in a crisis.
5. What advice would you give to the people who don't have a lot
of money but want to invest in big companies?
Before investing learn money management, the logic is that when you can’t even manage a small amount of money, you will not be able to manage lakhs/ crores in the future. So this perception needs to change that there’s no need to manage a small amount of money. Save money in safer assets and then get into investments.
6. What is the roadmap for someone who is about to start
investing?
The roadmap would be to understand his/her own financial goals, and then decide on the best investments or assets that would suit the person.
7. What are the other sources of investing except stock market
and mutual funds and what will be the scope of these other sources in India?
There’s debt, commodity, there’s forex trading, gold, there’s a cryptocurrency, but we stick to equity investing as equity maintains the best balance of risk and reward compared to any other asset class. Currently, India has a lot of scope in terms of investing and specific investments through AMCs that are mutual funds.
8. Which financial book/books would you suggest to someone who is
at the beginning/intermediate/advanced level of investing?
Depends on what the person is investing in. This question is like asking “what is the best equipment for a sportsman when we don’t even know what sport he is into? But my all-time favourite books are diamonds in the dust by Saurabh Mukherjee, one up on the wall street by Peter Lynch, and investment psychology explained by Martin J B.
Bio-
Team of CFA | MBA | CA.
One Love- Stock Market
GSF’s Mission is to make India financially literate and help people increase their income capacity!.jpeg)
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