India at an 'Inflection Point' for Wealth

Roopa Venkatkrishnan, Director of Sapient Wealth Advisor & Brokers and Director of Foundation of Independent Financial Associates (FIFA), shares profound insights on investor psychology, wealth creation in India, and the emotional journey of financial advising with Vivek Law on the Simple Hai! show.

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Despite three decades of education on concepts like compounding and time in the market, investor behavior has remained largely unchanged over the past 25-30 years. Roopa Venkatkrishnan stressed that altering human behavior takes significant time. A critical barrier to success is fear, which often halts growth. Individuals need mentors and hand-holding to achieve balance and confidence, accepting that if they fall, they will rise again.

People forget the positive 25%

Drawing on observations about the subconscious mind, Venkatkrishnan noted that 75% of human thoughts are negative, yet people tend to concentrate on these, forgetting the positive 25%. This negativity manifests in investing, where the first question clients often pose is, “Is my money going to be lost?”

She advocated for optimism in life and investing. Volatility, often perceived negatively, is natural like an ECG machine fluctuating, problems will always arise, but solutions follow, she opined.

The Inflection Point

Venkatkrishnan holds a strong optimistic outlook for the nation, believing that a lot more wealth will be created in India over the next 15-20 years. She emphasised that India has reached a different trajectory, boasting brilliant entrepreneurs, strong internal consumption, and a young, aspirational population.