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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.
The growing use of smartphones has fueled a surge in cell phone scams, also called “smishing,” posing a major problem for telecommunications corporations gathering on the Cellular World Congress (MWC) in Barcelona this week.Smishing, a play on “phishing,” makes use of textual content messages to deceive people and firms into revealing private or monetary info, clicking on malicious hyperlinks, or downloading dangerous software program.Stuart Jones of US cybersecurity agency Proofpoint, to information company AFP, “Smishing attacks involve sending deceptive text messages to lure victims into compromising their information.” The fast progress of this fraud coincides with the explosion in smartphone use, notably in the course of the pandemic, as individuals relied extra closely on their gadgets for administrative duties and on-line buying.In keeping with a examine by the Cellular Ecosystem Discussion board, a telecom trade affiliation, 39% of shoppers in ten surveyed international locations encountered not less than one smishing try up to now yr.”This is a serious global issue,” said Janet Lin, head of improvement at Taiwanese cybersecurity agency PINTrust, throughout an MWC panel dialogue, as per the AFP report.Proofpoint estimates that between 300,000 and 400,000 smishing assaults happen every day, with this quantity anticipated to rise. Within the US alone, smishing losses doubled from 2021 to 2022 and reached practically 5 instances the quantity misplaced in 2019, in keeping with the Federal Commerce Fee.What makes SMS fraud dangerousDifficulty figuring out perpetrators: In contrast to e mail scams, tracing smishing attackers could be difficult.Greater belief in cellular communication: Many people have the next degree of belief within the safety of textual content messages.Elevated click on charges: Click on charges on hyperlinks despatched through textual content message are considerably increased in comparison with e mail.Authorities additionally level to the rising sophistication of those assaults, with criminals utilizing specialised knowledge sellers and complicated instruments like “stingrays” to intercept cellular communications.Whereas many international locations supply reporting platforms for suspicious textual content messages, the fixed evolution of ways and discrepancies in world rules make full eradication a posh process. Consultants emphasize prevention as a key technique. “Consumers need to be skeptical of messages from unknown sources and never click on links, regardless of how realistic they appear,” suggested Jones.
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