Shownotes
BIO: Ajinkya Kulkarni is the co-founder and CEO of WintWealth. His company offers high net-worth individuals and retail investors asset-backed fixed income products that provide higher returns than fixed bank deposits.
STORY: Ajinkya gave money to a friend who promised to give him a return of nine percent every month. After receiving returns for about a year, payments stopped. He never got back the money he had invested.
LEARNING: Focus on the investment process, not the result.
"Don’t stop investing. Keep focusing on the process. It's a long game."
Ajinkya Kulkarni
Guest profile
Ajinkya Kulkarni is the co-founder and CEO of WintWealth. His company offers high net-worth individuals and retail investors asset-backed fixed income products that provide higher returns than fixed bank deposits.
Worst investment ever
Ajinkya gave money to a friend who promised to give him a return of nine percent every month for about a year. Ajinkya would reinvest the monthly interest. After about a year, the friend stopped paying him the returns and never paid back the money Ajinkya had invested.
Lessons learned
- Focus on the investment process instead of the result.
- Educate yourself on the risks and then make an informed choice.
Andrew's takeaways
- You're going to have bad outcomes not due to bad skill, but just due to luck. It’s, therefore, important to just keep focusing on improving your investment process.
Actionable advice
Keep focusing on the process because investing is a long game. If your strategy is correct, you can be unlucky once or twice, but you cannot be unlucky forever. So keep improving your process, your craft, and your skill.
No. 1 goal for the next 12 months
Ajinkya’s goal for the next 12 months is to educate 1 million customers and continue to deliver a kickass customer experience.
Parting words
“Self-awareness is very crucial in investment.”
Ajinkya Kulkarni
[spp-transcript]
Connect with Ajinkya Kulkarni
Andrew’s books
Andrew’s online programs
Connect with Andrew Stotz:
Further reading mentioned
