Finaffairs: Changing people’s perspective towards Indian stock market investing
Staying invested in markets for the long-term is a challenging game, especially when your money continues to lose its value due to excessive trading and the wrong approach to volatile markets. However, the equity market is designed to transfer money from active to the patient. Correct knowledge, strong psychology along with a logical mind are among the most important factors for success in stock investing and trading.
One of the youngest investors and traders who abide by this mantra in India is Vaibhav Kakade, Founder of Finaffairs.
In a candid conversation with The Business Fame, he sheds a light on his six-year investment journey. Although he has been facing significant challenges throughout the time, he is an eternal optimist, “Since 18, I faced many challenges in terms of finding the right resources, finding trustworthy coaching, and juggling between engineering and financial studies. However, my zeal to understand finance and investment kept me going”
The journey to being a full-time trader and investor
Since childhood, Vaibhav has been extremely fascinated by entrepreneurship. He was into different businesses from a very young age. In fact, he even started his own restaurant business while he was pursuing his engineering. During those times, he heard about stock investment and trading and how it plays a vital role in wealth creation from one of his customers.
His parents also encouraged him to learn this professionally with proper coaching and mentors. What just started as a curiosity has now become his full-time profession- helping him to create good wealth at a very young age.
While recalling what worked for him, he said, “having less money saved me initially from major losses and encouraged me to learn more by doing permutations and combinations, opening up the doorway of strategies and possibilities.
The stock market world, which was sparkling with candlesticks, also attracted me to become a full-time trader at a very young age, but I failed initially because I was not yet introduced to operators and fundamentals, he said while further adding that ‘now, with a blend of fundamentals, technicals, and strong psychology, I have cracked the market very well”
“Of Course stocks can create wonders, no surprise, they are backed by compounding”
About the Finaffairs
Although he has been in trading for around six years, he thought of creating an Instagram page and YouTube during the early days of a pandemic to teach people that they can use this time to become financially literate. He created this page to help new traders and investors with his insights and experience.
He observed that people with very limited experience in the stock markets are either afraid by horror stories of noob investors losing significant amounts of money or beguiled by ‘magic trade’ that gives the promise of large rewards but seldom pays off. The pendulum of investment sentiment is said to swing between fear and greed and he aims to change that.
“In order to learn anything, you need to unlearn wrong things, make your wrongly filled brain slate empty and start filling it with real knowledge, and I am filling those brains with the right knowledge with Finaffairs.
People who are keen to understand the equity game and wish to make proper financial planning in the future can approach Finaffairs for the following services.
- Portfolio services: The company first looks for the risk appetite of the client and suggests about
- What kind of risk and reward should they be taking?
- What kind of segment should they be trading/investing in? /
- What should be expectations in return profiles?
Finaffairs provides services in segments including derivatives, currency, and equity cash. All of their services are tailored according to clients’ profiles. As per their past record, they claimed to deliver over 32% CAGR returns in a year.
- Education services: From managing basic day-to-day finances to implementing advanced options strategies, Finaffairs offers all kinds of educational services to equip budding traders with realistic approaches and conceptual learning.
- Portfolio restructuring: The company also becomes a savior for all investors whose money is stuck in bad choices in the portfolio by restructuring and hedging their portfolio in different securities and instruments.
Progressing forward with a positive approach, the company is planning to open offices in Pune as well as Kolhapur. While talking about the future vision for Finaffairs page he said, ‘I want to create and increase Finaffairs community where people can discuss the stock market and live financially literate lives”
Advice to budding investors
“I am too young to give any advice but from experience, I would say experience is that invent in your skillset and become a person who deserves to get everything”