As part of my 30-by-30 quest, I’m asking my friends to write guest posts on my blog offering tips on how I should go for one or more of the thirty goals in my list.
Today, using my Technorati Favorites Exchange, I managed to get Gauravonomics into the Technorati Top 100 list, one of the more ambitious goals in my list.
There won’t be a better day ever, then, to have the first guest post in the 30-by-30 series, on the other very ambitious goal in my list – have assets of more than a crore.
Ranjan Varma writes about business and finance at Weblog on Business and Finance where he has cross-posted his advice to me.
Gaurav’s post on the thirty things he wanted to do before he is thirty was a brave one. I wondered at his bravery and wished him all the best only to land up in trouble myself – he wants a way to build a net worth of one crore before he is thirty and now wants me to find it!
Gaurav’s target of becoming a crorepati is brave but also bordering on being foolhardy, I think. To top it, he wants to start with a seed capital of only Rs. 2,00,000 and a monthly infusion of Rs. 20000! This way he will need to grow his money at an outstanding rate of 200% annually!
Impossible! Or could be there some way? Legal, of course.
Very recently I read a book, The Big Idea by Steven D. Strauss, which ends with the following Goethe’s couplet:
Whatever you can do, or dream you can, begin it. Boldness has genius, power and magic in it.
Here, in this blog, I have been talking about mutual funds, real estate, bonds, ULIPs and ETFs. All of them do not pass muster when it comes to giving a return Gaurav wants. What about stocks? Yes, there are stocks that have given that kind of return in the past. But how to identify those stocks who would do the same in the next 30 months? Nobody knows those stocks.
So, is there still a way?
Now, Gaurav says that he has a very high risk appetite. That should essentially mean that when he has invested in shares that he expects will zoom and those share prices drop 30% soon after he buys them, he will average his cost by buying more. Let us assume that he is willing to take the volatility for the desired growth and he is confident of his decisions. Moving on that assumption, stocks can give you that growth. But since we cannot identify the 5-6 stocks that will give a growth of 150-200% over a period of 30 months, we need to ride the waves on the stock market.
The first magic happened today morning when I looked at a blog/ site that I had been avoiding – because I understood little of that – Eagle Eye Trade by Rajeev Mundra.
Talking to Rajeev – who runs a technical trading seminar too – I did some number crunching. Assuming a challenging but realistic goal of 10% growth every month, a starting amount of Rs 6,25,000 will become Rs 1.09 crore after 30 months. Vow!!!
At least, theoretically it’s possible. Of course it will take a lot of guts (time & energy too). It depends on Gaurav’s risk appetite. And Rajeev’s expert guidance. If you ask me, the guys can do it. I wish them Good Luck.
For the first time I’m putting a disclaimer. Ideas posted on the blog are educative in nature and must not in any way be construed as advice or recommendations. Investing/ trading in financial instruments is risky. This blog cannot be held liable in anyway for losses incurred.
Thank you Ranjan for the very useful advice. I’ll check out Eagle Eye Trade and will probably even attend Rajeev’s technical trading seminar. And, yes, I do have huge risk appetite; the plan is to make that crore, or become broke trying. 
If you also want to write a guest post on my blog offering tips on how I should go for one or more of the thirty goals in my list, please send me an e-mail.
