Event participation: Outlook Money 40After40 Retirement Expo

Outlook Money 40After40 Retirement Expo is a leading event for spreading awareness on the importance of retirement planning. An extension of Outlook Money’s drive towards initiating conversations about retirement planning, Outlook Money 40After40 Conference aims to provide invaluable insights and expert guidance to individuals, helping them make informed decisions for a prosperous retirement.In a panel discussion titled “The Mantra for Wealth Creation” at the Outlook Money 40After40 Retirement Expo on 23 Jan 2024, moderated by Nidhi Sinha, Editor of Outlook Money, four financial experts shared their insights on effective wealth-building strategies:

Vasanth Kamath, Founder and CEO of smallcase, emphasized that true wealth creation is achieved when assets work for individuals, providing financial freedom. He cautioned against assuming that historical trends will continue without scrutiny and advocated for a deep understanding of one’s financial landscape. He also highlighted the value of personal financial education, which empowers individuals to make informed decisions and adjust their strategies as needed.

Deepak Shenoy, Founder and CEO of Capitalmind Financial Services, emphasized the importance of consistency in wealth creation. He advocated for a disciplined investment approach, especially during challenging market conditions, and highlighted the resilience of staying invested over the long term. He noted that timing the market is difficult and that diversification in the stock market offers opportunities not easily found in other asset classes.

Anshul Arzare, Managing Director and CEO of YES Securities (India), expressed concern over the trend of trading overshadowing investing, particularly in the futures and options segment. He urged investors, especially the younger generation, to adopt a long-term, disciplined approach focused on value investing. He cautioned against emotional investing and emphasized the importance of portfolio rebalancing, drawing an analogy to maintaining a healthy lifestyle by balancing indulgence with exercise.

Sushant Bhansali, CEO of Ambit Asset Management, highlighted the need for individuals to define their wealth creation goals and ensure that their assets are actively working for them. He stressed the importance of thorough research and developing personal viewpoints in addition to seeking advice from financial planners. He acknowledged the inherent risks in equity investments and encouraged proactive retirement planning.

Collectively, the panelists reinforced the principles of disciplined, long-term investing, patience, and thoughtful asset allocation as key components of successful wealth creation.

Watch a clip from the panel discussion here: