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 (43/0)
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 Sahay7 months 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 Sahay7 months 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 Sahay9 months 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 Sahay9 months 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 Sahay11 months ago in Trader
Diversification is a key driver of returns
“Diversification is the only free lunch” [in investing] – attributed to Nobel Prize laureate Harry Markowitz * Welcome to the latest post in my journey to build financial literacy for young adults and their families. In today’s post, we will discuss how diversification and rebalancing is a key driver of investment returns and how it helps reduce the likelihood of catastrophic loss.
By Sudhir Sahayabout a year ago in Trader
Using probability to stack the odds in your favor
Welcome to the latest post in my journey to build financial literacy for young adults and their families. In today’s post, I return to sharing the basics of investing with a focus on leveraging probabilities to maximize investment returns in an uncertain world.
By Sudhir Sahayabout a year ago in Trader
Investing's role in life
Almost universally, when people look back on their lives while on their deathbed [...] they wish they had spent more time with the people and activities they truly loved and less time worrying about aspects of life that, upon deeper examination, really don't matter at all that much. Imagining yourself at your own funeral allows you to look back at your life while you still have the chance to make some important changes.
By Sudhir Sahayabout a year ago in Trader
