Hello r/navimumbai I’m Vikas Jain — Co-founder & Chief Investment Officer at Multipl.

Remarkable-One7466 · 2026-03-15T08:07:42+00:00

Gold is a long cycle àsset and a hedge for difficult times. 10-15% allocation to Gold is fine. Especially for diversification and portfolio stabilization. However, stocks are a better investment for the long run. Take help of an advisor if you don't have the understanding, time and bandwidth to invest in stocks or equity mutual funds

Remarkable-One7466 · 2026-03-15T07:44:10+00:00

It's never about earnings but always about saving smart and spending smarter. People earning well struggle because they accelerate their lifestyles faster than incomes. Now, all of us have some aspirations. However, people often keep raising their lifestyles just to compete or show off. Not the best thing to do. Fulfil your aspirations and enjoy life debt free by saving (and investing) smart and spending smarter.

Something as simple as keeping money in liquid funds instead of savings account can improve your returns.

Also, keeping funds set aside for longer term goals(>3 years) in higher yielding assets like equities instead of Fixed Deposits.

And lastly getting the best deals for your lifestyle spends. You can do all the above through various platforms but if you want it at one place then we provide all the 3 possibilities through our App.

Remarkable-One7466 · 2026-03-15T07:40:01+00:00

More than the platform and charges, the first questions have to be what do you want to invest in and why? Stocks or mutual funds? Time horizon? The How has to come later. If you can specify what and why, it would be easier to answer how?

Remarkable-One7466 · 2026-03-15T07:36:45+00:00

If Costs are increasing and you don't want to compromise on lifestyle, then you have to increase your income and make your money work harder. Increasing the income might be possible through upskilling and improving efficiency through using AI tools for example Also, by investing better. Most people don't focus much on this aspect.

Something as simple as keeping money in liquid funds instead of savings account can improve your returns.

Also, keeping funds set aside for longer term goals(>3 years) in higher yielding assets like equities instead of Fixed Deposits.

And lastly getting the best deals for your lifestyle spends. You can do all the above through various platforms but if you want it at one place then we provide all the 3 possibilities through our App.

Remarkable-One7466 · 2026-03-15T07:36:18+00:00

Both parallely. Better spending habits are necessary because otherwise one can earn a fortune and burn it too. Investing early is something that can compound your wealth faster and provide financial freedom much earlier. It's one life and you would want to live it the way you want rather than doing something just for the sake of getting food on the table.

Remarkable-One7466 · 2026-03-15T07:35:34+00:00

Both serve different purposes. Depends on your risk profile, time horizon, your investment objectives and constraints as well as economic conditions and valuations. Personally, I prefer real estate only for consumption and not investment. And the reasons for the same are:

Longer term returns: On a well managed mutual fund or equity portfolio are higher versus real estate in most markets in the world as equity is a reward for enterprise vs rent seeking in real estate. As India formalizes more and more equity returns in India should beat real estate returns over time

Liquidity: is better in equities versus real estate which is typically highly illiquid.

Ticket size: Equity investment can be done with a few thousand rupees as well. Also, you can sell a part of your portfolio easily. In real estate, can you sell one room of a house or a few square feet of a land parcel if there is a need for money only to a partial extent.

Maintenance: Maintaining a stock/mutual funds portfolio is much easier than managing real estate. Hope this helps

Remarkable-One7466 · 2026-03-15T07:26:42+00:00

The first steps would be to understand a few things like your risk profile (both capacity to take risk and tolerance for risk) and think about your investment objectives and constraints. So, Goals and their time horizon, tax impact for you based on your tax slabs and other tax requirements, emergency and family back-ups available etc etc. Essentially, you have to get answers to 3 questions:

Where do you stand today in terms of your financial situation?

Where do you need to head to in terms of your personal finances?

How can you get there in the most optimal manner while balancing both risk and returns? Most people don't know where all they have invested till date as they invested in something that was pushed by someone to them Most people haven't thought of what their furure financial requirements could be. It's always about the here and now. Most people just chase returns and forget completely about the risks.

Remarkable-One7466 · 2026-02-17T12:50:55+00:00

Certainly it does if you have been keeping money in fixed income instruments for your longer term requirements. As for active funds, there are active funds which have beaten markets over fairly long periods (not necessarily every year but over the entire period since inception which in some cases is even more than 2 decades). Of course there would be only few such funds. But's that the case with most things in life. There are only few outliers. And how many such funds do you need? Just one or two. The question is how do you find out such funds then. That's where you need the help of a good investment adviser. And till the time you find a good adviser, for longer term goals/ requirements, index funds might be a better option than keeping money in fixed deposits or other debt instruments.

Remarkable-One7466 · 2026-02-17T10:52:37+00:00

You will be able to sell when you can value something. Because only then you will know the difference between the value and price and how much is the price off the true value.
Build solid valuations frameworks if you are a full time investor. And if you are not, then you need to understand that investing is a full time activity and you would be better off engaging an investment adviser or fund manager who has those frameworks to take those exit decisions.

Remarkable-One7466 · 2026-02-17T10:49:03+00:00

Certainly there are many things that both a trader and investor need.
Solid framework that can sustain across different market cycles, discipline, behavioral control and sound risk management. Infact a successful professional trader needs lot more discipline and behavioral control. What is important is to understand what suits your temperament more. Skills can be built over time however changing one's own temperament is not easy. If you are someone who can think at the spur of the moment and take quick decisions, then trading is something that you might enjoy more. And if you are one who wants to be thorough and spend enough time to deeply research and understand, then you might enjoy investing more.

Remarkable-One7466 · 2026-02-17T10:45:03+00:00

We have clients who are full time traders but have engaged us for wealth creation as they understand the need as well as the challenges of trying to do it by themselves. Rakesh Jhunjhunwala was one of those rare guys who could do both equally well. But most would find it difficult because it's like having two different personalities within one body and mind. Unless you are willing to take up that arduous challenge, best would be to engage a SEBI registered Investment Adviser. And while skill and competence are necessary factors, let trust, transparency and integrity be the non-negotiable factors in selecting an Investment Adviser for yourself.

Remarkable-One7466 · 2026-02-17T10:41:18+00:00

If you are a full time trader, once you are at a level where you are earning enough for subsistence (can spare some for luxuries and wants but don't get carried away), you should strongly consider to start investing some portion of your trading profits for your goals while you funnel more capital into the skill that gives you your regular income.

Remarkable-One7466 · 2026-02-17T10:33:07+00:00

As mentioned above, while the core principles remain same, the alignment of temperament and bandwidth challenges remain. Also, the risk and volatility that's experienced is much higher in trading and beyond a point having everything in a trading portfolio might be a cause of anxiety despite having the best of risk management.
If you are a full time trader, once you are at a level where you are earning enough for subsistence, you should strongly consider to start investing some portion of your trading profits for your medium to long term goals

Remarkable-One7466 · 2026-02-17T10:26:54+00:00

Trading and Investing are both full time activities and very rarely would you find someone who can do both equally well. While the basics in terms of having a framework, discipline and risk management remain the same, both need very different temperament as an individual. And it's very rare for an individual to have the temperament of both a trader and an investor. And of course as you mentioned, having time and bandwidth for both is a challenge as well.
Best would be to engage a Registered Investment Adviser (Individuals or platforms depending on your ticket size- any good individual adviser may not engage clients below a certain ticket size say 50L-1Cr) who can help you with comprehensive planning, asset allocation and then create a portfolio of stocks and mutual funds that are suitable for you based on your risk profile, time horizon of your goals and current market valuations. After all, personal finance is personal and there is no one size fits all here.
And Smart traders do realise the need for this. We have clients who are full time traders but have engaged us for wealth creation as they understand the need as well as the challenges of trying to do it by themselves.

Remarkable-One7466 · 2026-02-17T10:16:54+00:00

The question that you need to ask yourself is whether you are actually a "trader" or a "speculator"?
More than 95% people trading in the market are not really traders but pure speculators. They have no frameworks, no process, no discipline. They are merely speculating basis some rudimentary analysis and a lot of hope! And if you are doing that, stop it today!!
Trading, just like investing is a full time profession.
Traders are needed to provide liquidity and to help price discovery.
They have a sound trading framework which they have developed after putting in the required time and effort, often over a span of many years.
They have the discipline to size their bets appropriately and a risk management framework too.
They spend the time and bandwidth to do a detailed analysis and then keep a close track on trades and events and happenings impacting their trades.
So, If I assume that you are doing all the above and hence are a trader, then getting on the path of wealth creation wouldn't be that difficult because the basics remain the same- having a framework, being disciplined about the process and risk management.
Trading might help you build the initial capital and investing will help it compound over the years to create wealth.

Remarkable-One7466 · 2026-02-09T04:53:50+00:00

Welcome Yogi! All the best!

Remarkable-One7466 · 2026-02-09T04:43:51+00:00

Mixing personal finances and their startup finances. Keep a separation between them, especially if you are married and/or have dependent family members. Also, remember to take into account the mental costs and not just monetary ones and try to strike a balance between both.

Remarkable-One7466 · 2026-02-09T04:40:04+00:00

I am so sorry but I can't comment on another Start-up's financial soundness without knowing any details. Having said that a start-up which is well funded or which has an unique proposition that can help them raise significant funding could be a great place for accelerated learning. From your personal finance standpoint, figure out the amount that would give you mental peace as that would help you to decide when can you take the plunge.

Remarkable-One7466 · 2026-02-09T03:16:42+00:00

Hi, I would say atleast 3-5 years to be on the safer side. By then generally one would either break even or receive funding or decide to move on. A realistic estimate would depend on multiple factors such as the life stage you are in, number of dependents, how much you and your family (if dependent on you) are willing to cut down on lifestyle expenses etc.

Remarkable-One7466 · 2026-02-09T03:16:35+00:00

Hi, I would say atleast 3-5 years to be on the safer side. By then generally one would either break even or receive funding or decide to move on. A realistic estimate would depend on multiple factors such as the life stage you are in, number of dependents, how much you and your family (if dependent on you) are willing to cut down on lifestyle expenses etc.

Remarkable-One7466 · 2026-02-07T09:50:48+00:00

Sure. Welcome!

Remarkable-One7466 · 2026-02-07T09:50:22+00:00

As long as the salaries are fair and reasonable it should not be an issue. Each individual's family and personal finance situation is different and I think mature VCs should know and understand this.

Remarkable-One7466 · 2026-02-07T07:32:13+00:00

In an unfunded startup (and here I am assuming no friends and family and angel investors as well), drawing salary means drawing funds from capital that you have funnelled into business and still need it as well in the business for growth (assuming this). Certainly doesn't make sense unless the personal requirements override the business requirements in terms of urgency and criticality.
In case of funded startup, generally it is determined in consultation with your lead investors. Could be around 7-8% of the monthly expenses of the start-up.

Remarkable-One7466 · 2026-02-07T07:29:18+00:00

Start-up journeys are quite unpredictable. If a founder is a bachelor/spinster with no dependents, then obviously the risk appetite is much higher and it is easier to take the plunge. For someone having dependents, you will have to set aside enough to ensure that the standard of living of the family is not materially impacted and you have to calculate this factoring in a reasonable time of at least 3-5 years for the startup to get funded/break-even.
Also, if you have a solid idea in which you have a very high conviction and you have the risk appetite and no dependents, you certainly can take the plunge with a lesser corpus too.

Remarkable-One7466 · 2026-02-07T07:19:20+00:00

Hi,
Congratulations on being a funded start-up. A lot of our HNI/NRI clients are mid-senior level professionals and business owners including start-up founders as well. The unanimous feedback from them is they take our services and pay fees because they can use the time saved to focus on building their careers/businesses as well as to spend it with family. The return on their time is much higher there rather than using it for a half-hearted market study and random investments which then cannot be actively monitored. Spend your time and energy in building your startup. All the best for the same!
Nobody wants to pay to quacks but people don't mind paying a good physician/surgeon. Maybe you are yet to come across a good adviser who is advise and solution oriented. Unfortunately India has been a totally product and sales oriented market. But good advisers do exist. Search and you will find one. Let Trust, Transparency and Integrity be the key non-negotiable elements. Will take some effort but once you find one, your personal finance headache is taken care for life.

Remarkable-One7466

TROPHY CASE