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How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š 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.
š 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
š 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: ā¹6,12,000
- Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Google is dealing with a brand new class motion lawsuit associated to its Pixel smartphones. In keeping with a report by Law360, plaintiff Jennifer Hyatt has filed a category motion lawsuit towards Google over the Pixel 6 Professional. The lawsuit alleges that the tech large knew the Pixel 6 Professional smartphone had a defect that induced it to change into too scorching to carry. The plaintiff additionally famous that she changed her Pixel 6 Professionals ānumerousā occasions solely to find that every one had an overheating defect.Hyatt believes this was not just a few coincidence and Google was conscious of the difficulty earlier than it began promoting the handset. But, the corporate continued to promote the units with out offering any warning to shoppers.Hyattās lawsuit additionally argues that Google must create an commercial that may inform shoppers about this concern. As well as, the plaintiff needs the corporate to recall the smartphone and concern refunds to those that bought the system.This lawsuit was filed in California and Hyatt reportedly needs to symbolize a category of shoppers from the US state. If the lawsuit goes ahead, it’s going to declare that Google violates Californiaās Shoppers Authorized Treatments Act, False Promoting Regulation, Unfair Competitors Regulation and the Track-Beverly Shopper Guarantee Act.What this implies for GoogleHowever, itās essential to notice that the submitting is simply the preliminary section of a category motion lawsuit. To make it to trial, Hyattās lawsuit might want to undergo a wide range of hurdles earlier than something occurs. The US courtroom might even dismiss the lawsuit at its submitting stage.In 2023, Google confronted a separate lawsuit for making deceptive claims about its Pixel smartphones. The lawsuit famous that the corporate made deceptive claims in regards to the charging capabilities of each Pixel 6 and Pixel 6 Professional.
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