Sudhir Sahay
Bio
Sudhir Sahay is a Sales and Marketing executive and a father of two young men. Sudhir hopes to share his journey building basic financial literacy for his children and providing savings and investing advice to their friends and peers.
Stories (48/0)
Manage the time you spend on relationships as you do your money
2022 has been a very tough year as we had a number of deaths in my family. As I shared in my article on Investing's Role in Life, understanding what's important in one's life is something everyone should take the time to think about and reevaluate every few years. Getting clarity on and then frequently reminding oneself about what really matters helps with maintaining focus in one's life. In the vein of further diving into what I've realized this year is very important to me - time spent with family and friends - I'd like to talk today about an aspect of our lives which most people don't actively think about and certainly don't put enough emphasis on: time spent on relationships.
By Sudhir Sahay2 years ago in Lifehack
Don't follow the Joneses
Too many people spend money they earned to buy things they don’t want to impress people they don’t like. — Will Rogers Fitting in and belonging are core needs for most human beings. They are particularly important during high school and college when we are at the age where we are finding ourselves and identifying our tribe. It is also the time where we are most susceptible to peer pressure as our own sense of self is just being formed.
By Sudhir Sahay2 years ago in Lifehack
Balancing active and passive investments
The investing world is very challenging. We are constantly barraged by huge, big-name investment firms telling us to invest our money with them and sharing cherry-picked stories of the happy people who've chosen them. To top that off, they all promote multiple styles of investing, with every one of them having strong long-term results. How does an individual decide which is right for their unique needs? In particular, when it comes to choosing between two diametrically opposed styles of investing: passive versus active.
By Sudhir Sahay2 years ago in Trader
Active versus Passive Investing
Maximizing investment returns in a safe manner requires balancing a number of tradeoffs. First, what you earn through your investments versus the transaction costs and taxes you have to pay. All else held equal, you want the highest net returns. Second, the balance between the amount of risk you take and expected return — as I talked about in my recent post on balancing safe but boring investments with risky but exciting ones, you want the core of your portfolio to be boring but safe. A key variable for managing those tradeoffs is the mix of your active versus passive investments.
By Sudhir Sahay2 years ago in Trader
Budgeting is a foundational requirement for financial success
What gets measured gets done — Peter Drucker I often get asked “what is the first step someone can take to get on the road to financial success?”. Budgeting is the easy answer to that question. In order to be able to manage your money, it’s critical to know what you currently have and, importantly, how it changes over time. Budgeting is the way you get a handle on that second part — how your finances change over time. Even more importantly, it enables you to proactively and intelligently manage those changes in a way that realistically balances your finances with the lifestyle you want (or can afford).
By Sudhir Sahay2 years ago in Trader
Maximize your profit by making a larger number of small buys and sells
One of the rules-of-thumb in investing is to minimize how many trades you make as too much trading can reduce your returns. Today, we will discuss how to flip that rule-of-thumb and maximize your profit by making a larger number of small trades.
By Sudhir Sahay2 years ago in Trader
Reading is a core investment skill
“I insist on a lot of time being spent, almost every day, to just sit and think. I read and think." Warren Buffet Welcome to the latest post in my journey to build financial literacy for young adults and their families. Today’s post is an update on information I shared in a previous post titled Reading, learning and thinking are core investing skills in which I wrote that investment success is a slow process which takes a lot of time. The best investors realize that being a good investor requires being informed and that making well-thought and less impulsive decisions is one of the key competitive advantages that incredibly successful investors develop.
By Sudhir Sahay2 years ago in Trader
Build a network
"It's not what you know, but who you know." Welcome to the latest post in my journey to build financial literacy for young adults and their families. Today’s post is about networking - what networking is, why it's important and how to network in an authentic and genuine manner without being shallow.
By Sudhir Sahay2 years ago in Education
Insurance: the one bet in your life that you don’t want to have pay off
Welcome to the latest post in my journey to build financial literacy for young adults and their families. Today’s post is the third part on insurance. In the first part, I discussed why insurance is necessary and provided an explanation of legally-required types. In the second part, I covered the insurance types which are not legally required but will be required by other parties such as your mortgage lender, your local or state government or a professional association. In today’s final post on insurance, I will cover additional insurance types which are not legally required, but serve important purposes, nonetheless.
By Sudhir Sahay2 years ago in Trader