 This session, in the ordinary course, normally we have around one hour, we have made it a short interest and we have taken few questions which normally comes in the mind of a person as to how the best could be done and what are the investment options and how to invest, what is the ideal age, etc. Taking into consideration all these aspects, we requested Mr. Bharat Chandra who is otherwise having the qualification from the, as a doctor, but his passion to learn the investments as well as thereafter to share with a common man so that they could also be enriched. Speaks volume that his own YouTube channel is doing tremendously well and the person who got us connected, we see him may also logged in Mr. Prashant Chauhan who is from our same profession, he has created his niche on the mediation. Therefore, both the brothers have a diverse thought process, same way the portfolios of money investment is also different and diverse from what ordinarily a professional thinks. Without taking much time, I would request Mr. Bharat to introduce and thereafter we will take some questions and he has agreed to share with us. Certain slides thereafter, we will also share it on the WhatsApp group of Beyond Law CLC which we normally ask people to connect with us on the WhatsApp so that any notes etc. which are shared by the speaker, they can have the knowledge of the same from that coupled with, they can also share like and subscribe the Beyond Law CLC, YouTube, LinkedIn and Facebook page updates. Or do you Dr. Bharat Chandra? Thank you Vikas Ji, speaking from a long distance in Chandigarh. I hope you are able to listen to what I am speaking and ladies and gentlemen, to introduce myself, I am Dr. Bharat Chandra, medical doctor, behavioral therapist and by hobby I am a trainer and specially training people into better investments. As Mr. Vikas Ji just now told, today's topic will be creating wealth for professionals. So when I say wealth, people should understand it is not 5,000, 10,000, 1 lakh you make in a month and talking about crores and crores of money that you are going to keep it aside as probably a retirement purpose or could be for the children education and children marriage or post retirement a house. Now I am going to request my friend Vikas Ji to ask his questions so that I can appropriately answer those questions to the satisfaction of the professionals who are present today. Like we said that we have taken 10 broad questions which normally comes in the mind of a professional and so we have framed these questions, we have also shared them on our social media. The questions would be Mr. Bharat, what are the investment options available for the professionals? I am going to explain everything by slide so that everybody will be very, very happy to note down if they want to. The investment options are the first one I am going to go along with the returns that are available. First one is everybody knows bank deposits, fixed deposits and public, private and fund post office deposits then comes the most favorite gold then real estate everybody knows how to invest and how to make money then comes the mutual funds and finally the stock markets. To explain further the bank FDs give approximately 5 to 6% of returns per annum. PPF is a government instrument gives around 7.1% per annum. Gold average, everybody thinks gold is the thing that we have to use for our upper Bhandau. It can be used at the last resort as a very good investment and I am going to give you bad news. The gold investment on a long run gives only 4 to 5% per annum. It looks as though it is appreciating but at the same time the other day it went up to 55,000 for 10 grams and it has come down to 45,000 degrees. And then real estate conventionally gives about 9 to 10% per annum for a long run but the sad news is very poor liquidity. Mutual funds depending on which mutual fund you choose there are many varieties 10 to 14% or long time and stock markets surprisingly can give you anywhere from 15 to 25% per annum over a long term. So this is what happens with the investment options the professionals have in front of them. And let me explain one more important thing. So now look at this long term inflation in India is around 5 to 7% per annum currently. That means if a professional is going to keep his money in the post office or in bank deposits whatever the interest he is getting 5 to 6% gets nullified by the inflation. It's very important that people start investing in some other source by which he is going to get more money more than the inflation, more than the tax rate of India. Now the next question flowing is the consequence would be why should a person invest a portion of his savings in stock markets because everybody feels it's quite jittery to invest in stock markets. Perfectly said. In fact, most of the people have a misconception that if you put it into stock market the money will go down so much volatility. In fact, I am telling you as a joke. If you invest in stock market before investing you should give a copy of your ECG to stock market to broker because in case the market comes down you may have a heart attack. So you must have a very strong heart before applying in before buying in the stock market. Hence if you invest all our savings in bank FDs, PPF etc. it will lose its value due to inflation will not be sufficient for our future investment. So as Vikas ji very clearly said very beautifully asked the question we have to save a bit of our money into what is called as stock market because compounding works best when given lot of time. When I am saying investing a portion of our money in stock market if you symbolically take that 100 rupees is your total investment 50% can be in real estate, 10% could be in the bank, 5% invested in gold 5% goes for insurance and another 30% can go to stock markets out of which 15% can be mutual funds in case you don't have knowledge about stock market and 15% more in stock markets. Now a lot of people believe that what is the ideal age for investing in stock markets? Very beautifully asked question in fact a large number of people we have done a survey large number of people think about the retirement corpus only post 50 years and after 50 years you don't have time for compounding benefits. Somebody asked Albert Einstein there are 7 wonders in the world and he said there is an 8th wonder and the 8th wonder he said is the effect of compounding and Einstein went one step further and very beautifully said if you do not take the advantage of compounding in your lifetime you are the most unfortunate person. Now since you asked me when is the right time to start investing let me tell you the story of Amar Akbar Anthony everybody knows there are 3 of them are twins and then my dear friends Amar Akbar Anthony let me give an example Amar Akbar Anthony 25 years old all of them Amar at the age of 25 went on investing rupees 1000 in stock market and that gave 15% returns per annum and from 25 years to retirement 60 years at the age of 60 Amar got exactly 1 crore and then Akbar suddenly remembered the age of 35 even I should get 1 crore so if he has to get 1 crore at the age of 60 starting at the age of 35 Akbar had to invest rupees 3400 not 1000 rupees Anthony realized at the age of 45 that he too should get 1 crore retirement corpus starting at the age of 45 he had to invest somewhere around 16400 Amar Akbar Anthony had a very old friend very dull and very unintelligent person and that old person you know Dr. Bharachandra he started investing at the age of 55 then we have to invest 1 lakh 20,000 rupees can you see the postponement has costed you 1000 rupees became 3400 and 3400 became 16,400 and it became 1 lakh 20,000 rupees if all of them had started investing from 25,000 rupees would have been more than enough to get 1 crore and hence the most important rule in investing is invest early in fact the specialist say start investing from today and one of my friend told me today is too late should have started yesterday that is the importance of investing and invest regularly when I am talking about regularity suppose Amar misses one instalment of SIP 1000 rupees at the age of 25 to 60 one instalment of 1000 rupees misses the penalty is at the age of 60 instead of getting 1 crore he will get only 99 lakhs that is the power of investing regularly and invest for long term not for short term now Vikas I want to ask you more questions regarding the I have talked about in fact when we were discussing one of our good friend has already written why my law college did not teach me how to earn money they just taught me how to get job I will just share with him that is why we had asked Mr Bharath so that the earlier they will learn we have to only decide whether we are Amar, whether we are Akbar or Anthony and next is the same question rising from there off we just can hyperlink with that the power of long term investing yeah if I tell you the power of long term investing many of you will be totally repented why did I not start in fact my name is Dr Bharachandra let me tell you I am the most foolish man in the whole world my graduation is medical but I have no idea about the whole finance field the amount of mistakes I have done in the field of investing nobody should do that is why I have been conducting workshops on stock market and wise investment and whatever mistakes I have committed in my life I have been correcting in the form of guiding my children to amass a good income for the retirement plus large number of people who are probably my children's age so that they get the benefit now let me tell you the story of long term in stock market rupees 9500 invested in forces in 1993 today is valued at 13.85 crores many of you may be wondering 1993 I must have spent that 9500 paying a rent or going on a picnic and now if you had kept that stocks it would have gone and given you 13.85 crores now look at this rupees 10,000 invested in repro shares in 1980 is today valued at rupees 1180 crores you can't believe 1980 you paid 10,000 it is 1180 crores now let me go further and because everybody will be totally flabbergasted looking at this particular statistics rupees 10,000 invested as one time investment in January 2000 repeat January 2000 you paid only 10,000 rupees purchase the following shares look at the story in Ayshar Motar's one time investment when I am saying one time investment many people think monthly monthly I must have paid for 10,000 no only once January 3000 invested 10,000 Ayshar Motar's would fetch you 48 lakhs at 34% Bajaj finance would fetch you 93 lakhs at 38% Kotak Mahindra Bank investment you paid 10,000 you are going to get 15 lakhs at 27% now going have those look at this 10,000 has given you 84 lakhs at 37% Madasam Suni would give you 19 lakhs at 38% and LNT rupees 10,000 would give you 2 lakhs and at the rate of 15% I deliberately added LNT because there are stocks which are giving more benefit there are stocks which are giving moderate benefits and less benefits but 10,000 becoming 2 lakhs is not too bad in any case this is the power of long-term investing like we are also receiving messages regarding SIP etc could you also explain the concept of system equity plan that is SAP and what is the difference between system equity plan and systematic investment plan is there any subtle difference between the two I am just giving you some more data before I go further SBI gives you 1.44 lakhs, HDFC gives you about 7.82 lakhs HDFC Bank gives you 7.97 lakhs and remember now I am coming to the concept of systematic equity plan or also an alternate could be SIP systematic investment plan systematic equity plan or SIP SIP when you invest in mutual funds on a regular basis is called SIP when you invest the same money in stock market is called SEP now look at this rupees 3,000 invested per month as SEP from January 2000 to April 2021 let me repeat again rupees 3,000 invested per month as SEP from January 2000 to April 2021 that is 21 years and 4 months 21 years and 4 months you would have invested at the rate of 3,000 7.68 lakhs and today's value of patient paid if you sell those shares is 3.07 crores at the rate of 25.52% to give a comparison I have put one more small table at the bottom rupees 3,000 invested per month in Bank RD from January 2000 to April 2021 and Bank RD earlier was giving 8.5 now only around 5.5 to 6.5 and that would have given you 20.81 lakhs and in case of patient paid you are getting 3.07 crores a sizeable portion of money and then if you deduct out of that 3.07 7.68 approximately 2.99 crores is a net profit you are going to make from SEP in patient paid this is a story of one patient paid in fact if had plenty of time I would have made a fight for each one of the more profitable stocks like SDFC, SDFC Bank, Bajaj Finance financial services and Titan and this is the way professionals can do it you know somebody very beautifully said in fact Warren Buffett said if you are not going to create a system of making money when you are sleeping then throughout your lifetime you need to earn money to keep yourself floating I don't know how many of you understood what I said if your money is not going to earn more money the money has to earn more money not you earn money every month and the professionals can do this and we have done a very small survey and later I am going to share it we have asked more than 1 lakh people until today how much money you can save in a month without getting hurt without feeling bad even if that money suddenly goes or you lose that money you should not feel bad and remember more than 60-70% of the people said even 5000 rupees I can save in a month we are talking to mostly a lot of advocates judges and medical professionals and large other people 5000 rupees is a pittance it is a money you spend approximately on a family dinner and then that is what I am telling you please make arrangements to make sure that you get enough wealth for retirement and one beauty about creating wealth for retirement is once you have somewhere around 2 or 3 crores that money in stock market will give you approximately 30 lakhs a month throughout your lifetime I am giving an example let us imagine my name is Vikas at the age of 55 years I created a corpus of somewhere around 3 crores and after that every month, every year you can withdraw 45 lakhs without hurting your principal next year again 3 crores is ready so this is the power of systematic equity plan people feel that you can invest by a blinder or what we say is normal without actually going to the fundamentals do you feel that role of fundamentals and technical analysis is a very great way to understand and invest this thing or without understanding the rules you start investing on the asking of someone you have asked a question and let me tell you a question which I have got weight in its gold see anybody can invest but a person who understands and invest who is the one who will be the winner and one more important thing if you invest without knowing anything and that is called gambling fundamental analysis is analysis of companies to assess which company to invest in it must be done once in 3 months to check the financial performance of the companies decide whether to continue investing in that company or not large number of people feel the fundamental analysis and technical analysis is difficult to understand I am a medical graduate I learnt it by continuously looking at it it is a matter of few hours of training maybe 5 or 6 hours of training you understand what is profit and loss account what is balance sheet what is cash flow etc everybody should be knowing for example before investing in any plot of land you are first doing a research you go to advocate and ask him the veracity of the title similarly before buying any company you must know the fundamental analysis and now I am going to technical analysis technical analysis is done to decide when to buy and when to sell a particular stock it involves observing the price graph of a stock for example fundamental analysis says which stocks to buy and technical analysis says when to buy when to sell and how to buy just to show you I am showing you the graph of a particular company in this case it is a graph of Titan company and it is called 30 days moving average graph you can see a red line we can see a green line and red line going up green line going up a blue line going up the red line is called as buy indication and the blue line coming and touching from the top is called as sell indication if a professional understand you this is a matter of another 5 or 6 hours to understand very easy to learn I have learned if a dull person an unintelligent person like me can understand you all should be able to understand because you are all advocates of the supreme court, high court and then you are the advocates of the greatest intelligence and professionals with a tremendous capacity to understand very easy you can see the graph and decide when to buy this is the time to buy this is the time to sell if you do this you will be able to you will be able to amass somewhere around 20 to 30 percent profit for the money that you have invested in stock market maybe you will invest 10 lakhs you can easily get about 3 lakhs and like we understand the fundamentals and technical before we take things forward I have just received a message on the group itself he is regularly following our webinars he says that he met you 20 years ago and he has relived the memories again and it is a pleasure connecting with you and how much time is required to monitor the stocks because sometimes one feels that it is a whole time job you never know that you may miss the bus when you have to buy when you have to sell or is it that simplicity you have to devote full time is it a 24-7 job few minutes job or how things have to go about very very good question one misconception people have is that it is a full time job if you are investing for long term minimum 8 years to maybe 35 years in retirement then 30 minutes a month is sufficient to manager investment just 30 minutes and then if you are doing short term trading which I don't recommend for all professionals few days to be with then 20 minutes a day is required and that is not during the working hours at that middle of the night or whatever time you are comfortable that 20 minutes can be spent in the name of Dr. Bharat Chandra very very interesting question you asked yeah then what is the minimum amount required to invest in stocks one feels that to buy money to have money you have to have more money or I was just hearing one of the YouTube this blogger and he was also saying he said that even 500 rupees is good enough because the effect of compounding is very good it can always increase better 500 rupees a month even 100 rupees also is more than enough but not as sizable income or corpus you get for retirement to get a reasonably reasonably good corpus retirement I advised minimum 5000 rupees a month for a person of 25 years person of 35 years it could be in the range of around 10,000 for a person of 45 years it could be 20,000 rupees a month so that he can comfortably retire at the end of his tenure at the age of 60 years with a corpus of somewhere around 225 crores once you have 225 crores retirement your retirement is done you are happy, no problem at all this is exactly what I am trying to achieve in all my workshops talking to people now there are certain misconceptions about short term trading though I know that it's a long it's a good few hours sessions to understand but could you give a bird eye view regarding what are the misconceptions and how to dispel about the same very good question again I am no intelligent person like you will definitely ask this question misunderstanding is the percentage returns in short term trading looks good but the quantum of money is usually very small I don't know how many people understand this you get 5000, 10,000, 15,000 per month or even 1 lakh per month but that is not as good as 5 crores, 10 crores retirement it is not suitable for busy professionals since it requires a lot of time and stress so very important and today I have to tell you one more interesting concept probably that is in the mind of my friend Vikasji also what is the difference between trade or an investor my aim as being Dr. Bharachandra is to make people investors not traders trader is a person who earns his money livelihood from stock market trading he does frequent transactions to earn regular income the objective is to earn income rather than create wealth now coming to the investor is a person whose primary activity is their profession and business you can advocate, you are a doctor you are a chartered accountant you are architect continue I never say you come into stock market full time they invest their savings in stocks to create wealth not long term and not for regular income this is a far time activity I again urge everybody who are listening to this particular webinar today and in the future become an investor not a trader and if you do not create a wealth of not less than 2 to 3 or 4 crores for your retirement planning from today you are going to repent definitely later the broader question we have taken few wrap up questions which have been posted on the group we will take how to manage if invested fund is not performing after 7 to 10 years already we have spent 7 years with that fund we are left with less years to give time for compounding what is the way forward the first question is why did you invest in a company which is not fundamentally strong for example there are 1900 stocks in national stock exchange but profitable stocks are only 200 suppose you invest some dum dum engineering dum dum careers farm farm automobiles god will save you because you are unnecessary invested in non-performing assets 5 to 7 years later your portfolio is not working it is time to sell it and probably I am just killing you please attend a workshop on stock market understand how to do analysis then once in 3 months please watch your stocks if you invest blindly and sleep nothing will happen it is as good as buying a plot of land and not going there for 7 years somebody else would have constructed house there similarly you must look at your stocks once in 3 months don't do it you are not an investor next question would be if we decided to have a set of rupees 10,000 in EALS for 35 years do we need to verify the fund every 3 months if fund is not performing what is the alternative I am just 26 years old this is by Shri Vastwa very important very good question you have to watch all your mutual funds minimum 6 months or once in a 1 year in the case of a mutual fund the mutual fund gives you return you have to check the returns with the benchmark index benchmark landmark and check whether your mutual fund is performing or not not performing you have to simply get rid of that come to stocks come to another mutual fund but having attended this program today I am urging all my youngsters here that instead of spending too much time on mutual fund if you can spend more time with the stocks same amount of time with the stocks you are going to get 3x benefits not 1x Akshay what is your thought on investing more for short term that is 1 year along with long term in this pandemic time so somebody is asking this question 1 year how about long term especially keeping in view the pandemic times see there is no pandemic nothing question is if the market is coming down if I am a long term investor it is a discount sale for me now the market is coming down can you see the smile on my face I have somewhere around 2-3 crores of investment bought for you in our house but we are very happy because I can buy some stocks at a better rate now market goes up short term investments I am selling see market goes up and up or down it doesn't make any difference for a seasoned investor 1 year term is too less anybody is thinking of 1 year in stock market is as good as looking at buying a plot selling after 1 year buying a plot and selling after 1 year probably the registration cost would not have been what then Sachin Pai any good suggestions for investment and mutual funds or what is to be checked on it Sachin Pai is asking a question he is asking a question as good as can you tell me about Rama end in the next 1 year I can only tell Rama was born in Ayodhya and then he went to forest he got married to Sita Sita was taken by Ram and Ram was killed and he came back to him this question is the concept which we explain in 30 to 60 hours workshop yeah so next is by Mr. K. Sengla he says what are the fundamentals to select prospective stocks for long term investment again the same question there are 17 points to see in fundamental analysis first one is the past return second one is very important profit and loss account balance sheet there are 17 such things I think the way they have taken up we will have to have a separate session on these 17 fundamentals that will make better sense and last question we will take upon he says how to open the DMAT account and what is the benefit of the same again if I ask about benefit I am gone because of the big story let me tell you how to open wherever you are whichever place you are go for a walking there will be a board which says angel broking zeroed up broking then share Khan etc etc go there and give your details for 8 days your DMAT account will be ready there is no question of asking what is the benefit of DMAT account because without the DMAT account you cannot buy any stocks that is for sure and then it is as good as asking what is the benefit of taking a PAN card without PAN card how can you open the bank account how can you pay the income tax how can you identify yourself to the government of India and DMAT account is similarly the services by which you keep the shares in safe custody with a government company yeah so I can understand that we had a bird eye view but as I say if you have the bird eye view then you will always like that if the bird could be in the hand and you are made as I say we have seen the cake we have seen the cherry but that can only be eaten if we have a better session we have a broader perspective today we can say that it was a trader as I say this is the trailer so we can have separate sessions for fundamentals etc so that people can understand so thank you to Mr Bharat Dr Bharat Chandra who has given us a good peep into as to what could be the way forward I think a lot of minds would have got a good blocking and the engine for investments would be much much better than what they thought and before we thank Dr Chandra finally I have to say one sentence we keep asking people are you are you interested in starting to invest from the beginning or somebody will be asked were you thinking of investing everybody says sir I have been thinking of investing in stock market for the last 10 years but that time has not come so you have to create a time start investing later you will repent why I did not start like the way I am feeling at this age and I am collecting it with the help of talking to youngsters so that they will start the earliest possible time and no excuses start your investment the earliest possible time thank you and thank you to Mr Rohan also who has been able to connect us and somebody has asked do you have some workshops on this also and how to join that the best technique is you must get into our youtube everyday we are making two videos in english two videos in Canada on our website on our youtube channel this is the youtube channel we are going to give you the details about the youtube channel english channel is Dr Bharat Chandra channel channel is Dr Bharat Chandra institute facebook is there website is there if you go through that and then if you ask us the same question more details will be coming through youtube channel only we will ask after you we do away with the slide I will ask Rohan also to login so that they also should know that just like a compounding effect why Dr Bharat Chandra and Rohan are doing well one by one and one by one and one by one so I would like to thank Mr Rohan also to login and we would like to thank him and we will connect soon Rohan is coming very shortly for a second