People who like and get excited about investment products should maintain a fun portfolio.
After the initial few years of exploration, most investors will settle down with a portfolio of assets. From then on, the assets tend to be stable since they have chosen these assets after some exploration and experimentation. For my own portfolio, they are 2 equity index funds and a debt fund. I don’t think I want to change those assets now since these assets were chosen after a lot of deliberation.
However, there are fancy investment assets that I want to invest in. Not because they’ll generate great returns, but because I just like them and I want to own a piece of them.
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Here are a few that I have wanted to invest in over time:
- Holding equity shares directly rather than through mutual funds.
- Offerings like Kotak Cherry and ETMoney Genius.
- Edelweiss AMC’s thematic fund that invests only in IPOs.
- Momentum strategies, especially those involving mid- and small-caps.
- Multi-asset strategies.
- … and so on
I take pocket money every month, and that money is invested in these fancy assets/strategies. Having a ‘pocket money’ system allows me to cap the size of this ‘fun portfolio.’ This allows me to have fun playing around with fancy assets without jeopardising the family’s financials.
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