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How I Turned ₹5,000/month into ₹6 Lakhs — My 3-Year SIP Journey
In 2020, I was saving ₹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ₹6,12,000 — and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
📉 What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
📈 Lesson Learned: Consistency Beats Timing
- Missed rallies by being out of the market
- Lost out on rupee cost averaging
- Peace of mind improved with automation and discipline
🔄 My Portfolio Before vs After
Before (2020)
- Random savings in bank account
- No real investment plan
- Low returns (2-3% p.a.)
After (2023)
- Disciplined SIPs in diverse mutual funds
- Portfolio value: ₹6,12,000
- Average returns: 13-15% p.a.
🧠 What I’d Do Differently If Starting Again
If I could start over, I’d set up my SIPs and forget about the daily market noise. I’d diversify a bit more, avoid panic-selling, and trust the process. Most importantly, I’d start even earlier — because time is your biggest ally in compounding.
A self-proclaimed “wine trader” enticed her on the web for a number of months along with his charming grin and textual content messages full of emojis. He then executed his plan, swindling the tech skilled based mostly in Philadelphia out of $450,000 in a cryptocurrency love rip-off.This rip-off, which reportedly left Shreya Datta, 37, bereft of her financial savings and retirement funds and burdened with debt, employed digitally manipulated deepfake movies and an intricately designed script that made her really feel as if her “brain was hacked.”How this romance rip-off worksThe fraud is also known as “pig butchering,” a metaphor for victims who’re fattened by fraudsters with simulated love and affection earlier than the metaphorical slaughter – deceiving them right into a counterfeit crypto funding.In accordance with a report in AFP, this quickly increasing fraud has led to billions of {dollars} in losses in the US, leaving victims with little hope of recovering their cash.Like many victims, Datta’s ordeal reportedly started on a relationship app, Hinge, the place she encountered “Ancel” final January, who launched himself as a French wine dealer residing in Philadelphia. Datta was taken over by his attraction as their dialog inside days moved to WhatsApp. The health fanatic with a fascinating smile deactivated his Hinge account to supply her with “focused attention,” a novel expertise within the period of transient on-line relationships.They swapped selfies, flirtatious emoticons, and had brief video calls the place the charming however “shy” man was seen with a canine, later recognized as AI deepfakes.Plans to fulfill in particular person have been regularly postponed, however Datta wasn’t instantly suspicious. On Valentine’s Day final yr, she obtained a bouquet from “Ancel” delivered from a Philadelphia florist, with the cardboard addressing her as “Honey Cream.” When she despatched him a selfie with the flowers, he showered her with purple kiss mark emojis, as per the WhatsApp exchanges considered by AFP.Requested her to spend money on Crypto currencyIn between the affectionate exchanges, “Ancel” bought her a dream. “The dream was, ‘I’m retiring early, I’m well off. What is your plan?’” Datta, an immigrant from India, shared with AFP.“He’s like, ‘I’ve made all this money investing. Do you really want to work till you’re 65?’”He despatched her a hyperlink to obtain a crypto buying and selling app, which appeared professional with two-factor authentication, and demonstrated what he termed worthwhile trades via annotated screenshots considered by AFP.Datta transformed a few of her financial savings into cryptocurrency on the US-based change Coinbase, and the fraudulent app initially allowed her to withdraw her preliminary income, enhancing her confidence to speculate extra.“As you make astronomical amounts of money trading, it messes with your normal risk perception,” Datta mirrored.“You feel like, ‘Wow, I can do even more.’”“Ancel” inspired her to speculate extra financial savings, take out loans, and, regardless of her hesitation, money out her retirement fund.By March, Datta’s almost $450,000 funding had greater than doubled on paper, however when she tried to withdraw the quantity and the app demanded a private “tax,” purple flags have been raised.She consulted her brother based mostly in London, who carried out a reverse picture search of the images “Ancel” had despatched her and found they have been of a German health influencer.“When I realized it was all a scam and all the money was gone, I had proper PTSD symptoms – I couldn’t sleep, couldn’t eat, couldn’t function,” Datta confessed.Folks misplaced $3.5 billion to relationship scams in 2023Dating websites are teeming with misinformation, with Fb teams like “Tinder swindler dating scams” and “Are we dating the same guy?” rising, and researchers highlighting the growing use of AI-generated profile photos.Nonetheless, the usage of romance as a bait to commit monetary fraud is inflicting new concern.The FBI knowledgeable AFP that final yr, over 40,000 folks reported losses totaling nicely over $3.5 billion.
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