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Diwali greetings to all of you and your family! May the year bring happiness, peace and prosperity to all.

This is the time of the year when all of us worship the goddess Lakshmi but think about whether we really show her the respect that is due to her?

Think about the time you bought your mobile phone. You researched online, read articles, compared feature by feature, asked a dozen friends and then made a decision. Even to buy a saree or a shirt, we check around a bit on which shop/site is reliable.

Now think about the way you made your last portfolio decision or bought a stock.

Don't you spend more time and effort researching a 25,000 or even a 10,000 Rupees purchase than you do a 1 lac or maybe, Rs. 5 lacs stock investment?

Very often the latter is done based on some tip from a friend, or even from someone anonymous on a chat group, maybe a half heard 'expert' opinion on a TV channel, buzz about a new IPO or something of the kind.

There is little thought that goes into the typical investment decision: based on what parameters are you buying that stock, where does it fit into your portfolio, what does your portfolio look like in the first place, how is it split between various sectors or asset classes - most such questions are not addressed at all.

Hence, you may not even think about that this is the fourth Bank you are buying and now your portfolio consists of stocks where 80% are in just 2 industries. It is all done on ad hoc basis.

Even less thought goes into monitoring that portfolio or making changes when required.

Once you think about it you will realise that no matter how many lamps you are lighting before the goddess Lakshmi you are not really showing her enough respect.

This Diwali take a pledge to really start respecting her which means respecting your own hard-earned money and investment corpus.

Whether you are doing it yourself or have an investment advisor of some sort, decide today that you are going to use a proper system for investing and monitoring your portfolio. Don't invest haphazardly and without a system.

For example, the Smallcase platform gives a good opportunity to choose a portfolio basket that fits in with your goals, worldview and helps formulate the best portfolio management plan

Our own offering, FG-HUM (Human + Machine), for instance, uses a very sophisticated Artificial Intelligence model, combined with decades of human expertise, to come up with a curated, diversified, Multi-cap, multi-sector list of 25-30 stocks that solve your investment dilemmas in one shot. And the investment process is also super simple which helps in better portfolio management. This could the best of any money saving tips you've come across.

Want to know how to really respect your money and do things systematically?

We are there to help: https://t.co/d57XSjhXCA

Wish you and your portfolio a great Diwali and a great year ahead.

Warm Regards,

From your Friends at First Global

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