Rakesh Jhunjhunwala’s story is a tale of invincible grit and foresight in the face of financial tides. Often hailed as the ‘Warren Buffett of India’, Jhunjhunwala began his foray into the stock market with a modest sum of ₹5,000 in 1985, before eventually rising to the status of a billionaire investor. His acumen and strategies have left an indelible mark on the Indian stock market, shaping it in more ways than one.
Real estate investments in India have encountered numerous challenges in recent years, including insufficient returns, low liquidity, high maintenance costs, unfavorable taxation, and persistent issues such as scams and deviations from agreed-upon terms and conditions. Real Estate Investment Trusts (REITs) emerge as a practical solution, offering individuals an opportunity to invest in real estate while bypassing these challenges.
When Charlie Munger, Warren Buffett’s business partner and Vice Chairman of Berkshire Hathaway, said, “The big money is not in the buying or selling, but in the waiting,” he emphasized the importance of patience and long-term thinking in successful investing.
Estate planning is a crucial endeavour for every adult, allowing them to shape the destiny of their assets after they pass away. It is an act of kindness towards their loved ones, providing clarity on their wishes. Two primary avenues for achieving this are trusts and wills, each serving the purpose of asset distribution upon one’s demise, albeit through distinct legal mechanisms.
Many of us tend to get emotional when asked if we had written a Will, reminiscent as it is of death. Consequently, estate planning, particularly creating a will, is often disregarded as an essential task. Moreover, the process of writing a will is commonly perceived as complicated and irrelevant. However, it is important to recognize that making a will is a responsibility you owe to both yourself and your family.