Categories: Wealth Management

How you should think about debt?

This is probably one of the best podcasts out there on personal finance & investment topics.

This beautifully explains why debt/loans can cause a lethal blow to your finances. A lot of wealth & lives have been destroyed because overconfidence led people to take on more loans than they should have.

As loans increase, you narrow the range of outcomes you can endure in life.

If you are someone who believes that taking a loan cannot be a problem, you must listen to this.

It also explains the importance of investing in debt instruments (like MFs, bonds, FDs, etc.) and why it is an important asset class for your portfolio.

If you are someone who thinks investing in the debt asset class that offers 7-8% returns per annum is not a good idea, you must listen to this.

This 39-minute conversation between legendary Howard Marks and Morgan Housel will teach you more than anyone else regarding human psychology and how to increase your endurance in life by staying on course with your finances.

Do yourself a favour, and listen to this without delay: https://www.youtube.com/

Originally posted on LinkedIn: www.linkedin.com/sumitduseja

 
Truemind Capital

Share
Published by
Truemind Capital

Recent Posts

Is free investment advice really free?

A client started his portfolio with Truemind 4 years ago. His portfolio was earlier managed…

3 days ago

Why SEBI RIAs are the Best Bet for Investors

There are more than 4 crore unique mutual fund investors in India, but only 1,000…

2 weeks ago

Interesting Global Themes Beyond Indian Markets

Having a seamless ecosystem for investing globally has made investing more interesting. It enables us…

1 month ago

Financial market round-up – July’26

At Truemind Capital, our broad understanding has been: Diversification across asset classes, sectors and geographies…

2 months ago

The publicized yields on leveraged FCNR deposits are misleading. Here is how you calculate it correctly.

First, some background. The entire NRI community is now aware of the high-interest-rate Foreign Currency Non-Resident deposit…

3 months ago

Why Indian investors need to look beyond domestic markets?

Originally Published In Moneycontrol In September 2024, I flew to Dubai to evaluate the wealth…

3 months ago