My name is Jalpan. I blog about personal finance and investing and love helping people take control of their money and invest for a future full of financial security and freedom. I'm also writing a book on these topics. Ask me anything!

Mar 29, 2018

I read the book Rich Dad Poor Dad when I was 13 years old and since then, I have always loved learning about how money works and how to make it work hard for you so you can do what you love, have peace of mind and live a life of abundance. I blog about personal finance and investing at

I'm currently writing a book about all the various investing strategies out there and comparing them to show you which one is the best. I'm sending out chapters to a small group of interested people who can give feedback as I write. If you'd like to be on the list, fill out this survey:

My investing journey began when I got my first job and invested half my income in a stock which then collapsed by 90%! Not being one to give up, I studied more and sought the help of a mentor which turned around my fortunes. I started making monthly cashflow and even received an award from Mary Buffett (ex-daughter in law of Warren Buffett).

Ask me any burning question you have about money and/or investing in the stock market. 

Legally required disclaimer: I am not a licensed investment professional.

Photo with Mary Buffett.jpg

What is the Vibe of this AMA? What is AMA Vibe?

This AMA has finished, no more comments and questions can be posted and votes submitted to those. Check other similar AMAs here or host your own AMA!

Conversation (146)

In three easy steps and under a minute you could be hosting your own AMA. Join our passionate community of AMA hosts and schedule your own AMA today.

Let's get started!

Is it advisable for a person to invest their money in the stock market using a broker when they don't have experience themselves?
Apr 4, 10:24AM EDT1
What is a good way for someone to invest their money online especially when they have limited income?
Apr 3, 9:59AM EDT1
What are the mistakes that a person must avoid when considering an investment?
Apr 3, 2:03AM EDT1
What is behavioural finance and why should one care about it?
Apr 2, 10:32PM EDT1
What made you focus on the psychological aspect of money?
Apr 2, 5:23PM EDT1
Why do you think people often have trouble talking about money?
Apr 2, 12:36PM EDT1
What advice would you have for first-time investors who are in their late twenties and starting out into the field of investments? What should be their first step?
Apr 2, 8:19AM EDT1
What are your thoughts on the current investing climate?
Apr 1, 9:13PM EDT1

Honestly, I don't care what kind of investing climate it is. I invest with a strategy that produces as income regardless of the climate and whether the market is going to go up or down. So I don't really pay attention to the climate:)

Apr 2, 6:29AM EDT1
What are some red flags that an investment opportunity might be too good to be true?
Mar 31, 7:12PM EDT1

Nice question! Some red flags include:

1) Promising an overly high rate of return. Warren Buffett's historic average return is about 22%. If someone promises you a return higher than this, tread carefully.

2) Steer clear of something you don't understand fully yourself. Oftentimes, people lose money because they jump in without fully understanding what they are doing and what the risks are.

Apr 2, 6:28AM EDT1
What do you think most people should know about personal finance and investing?
Mar 31, 3:19PM EDT1

There are a lot of things and it would be impossible to write everything down here. My book will cover everything. Meanwhile, I do have a free course that shows you all these steps. You can find the free course here.

Apr 2, 6:26AM EDT1
What are your favourite types of investments? What do you steer clear of?
Mar 31, 12:56PM EDT1

My favorite investments are ones that generate an income stream regardless of whether the market goes up or down. I steer clear of anything that doesn't produce an income. 

Apr 2, 6:25AM EDT1

Just to clear up any confusion: I am a mechanical engineer by profession and training. I learned investing with great determination from books, training courses and mentors. I am not a licensed investment professional and nothing I say should be construed as advice. Everyone is responsible for their own profits and losses:)

Mar 31, 4:36AM EDT1
Is it ever too early for one to start investing their money?
Mar 30, 1:30AM EDT1

On the contrary, it is always too late! Investing works on the basis of compounding interest. 

As I was saying in one of the answers below:

Get this: let's say you start saving and investing $100 every month from the time you are 25 until you are 35. After the age of 35, you keep all your money invested but don't add $100 every month anymore. You keep going until age 65.

On the other hand, let's say I start saving and investing $100 every month when I am 35 and I keep adding $100 every month until I turn 65. 

Assuming we both made the same investments and had the same strategy, you might think that I will end up with more money since I saved for 30 years whereas you stopped saving more money after 35 and hence saved money only for 10 years.

But in reality, due to compounding interest, YOU will end up with way more money than me!! About $130,000 more than me in fact.

How could that be? Because you started 10 years earlier and took advantage of compounding interest earlier. 

No wonder Albert Einstein called compounding interest the 8th wonder of the world huh?!? He alsos said that someone who understands it will earn it whereas someone who doesn't understand it will pay it:)

After understanding this, you'd wish you had started when you were a baby so it's never too late. As long as you use the right strategy, you should be able to invest safely and in some cases even make money in spite of a market crash.

Mar 31, 3:11AM EDT1
For one that is starting to work full-time, can you give any suggestions in how they should invest their money?
Mar 29, 3:00PM EDT1

I love this question. I would love to tell you exactly all the steps involved but it would take a long time. I do however have a free course that shows you all these steps. You can find the free course here.

Enjoy and let me know what you thought!

Mar 30, 12:29PM EDT1
Did you go to school for an education related to the finance field? Where did all of your knowledge about finances come from?
Mar 29, 1:14PM EDT1

I did not study finance in college. I learned from books, seminars, mentors and of course by doing (and failing sometimes!).

Mar 30, 12:30PM EDT1
Where will one have access to your book? Will it be available to purchase in both e-book format and hardcopy?
Mar 29, 4:32AM EDT1

I would recommend that you subscribe to my blog so you are notified when it is released. I plan to first release it as a blog post + PDF on my blog. After getting several readers and perfecting it, I shall release it as an e-book on Kindle and other similar platforms. The hardcopy wil take a while but its defintitely the plan for the future:)

Mar 30, 12:33PM EDT1
Do you plan on writing any more novels in the future?
Mar 28, 10:35PM EDT1

Not at the moment. But based on feedback from my first book, if there is demand for another one, I'd definitely publish a second one.

Mar 30, 12:34PM EDT1
Who are the emerging competitors currently in the investor industry?
Mar 27, 4:18PM EDT1

Sorry, I don't understand what you mean by investor industry. Kindly clarify and I'd love to answer the question.

Mar 30, 1:05PM EDT1
What would you advise a person who felt powerless about their spending?
Mar 27, 3:28PM EDT1

By that if you mean that you spend too much and without thinking, then I would say this:

Step 1: Make it physically impossible for you to overspend. You can do this by automatically paying of all your bills and also automatically transferring money to an investment account for investing. Also transfer money automatically to a savings account to build your emergency savings. 

So how else could you possible overspend? Of course - credit cards! So what I did is call my bank and tell them to reduce my card limit (but NOT my credit limit) so $500 per month because that's what I plan to spend on my credit card every month and no more. 

So if I mistakenly spend over that amount, I get a declined transaction like this one:

This way, I created a bulletproof system which makes it impossible for me to overspend and guarantees I hit my savings goals every month. 

Hope this helps!

Step 2: Dive deep into the phsychology of why you overspend. What do you spend the most on? Going out with friends? Personally, I overspend on books and online courses. 

Then ask yourself why? And keep doing that until you get to the bottom of the problem?

Why do I overspend on books and online courses? Because I want to gain more knowledge and I feel if I don't buy this book, I might miss out on something important.

Aha! So the root cause is a fear of missing out. I then retrained by brain to concentrate on reading and applying all the books and courses I already have and trust that if something is really important, one way or another I will come across it.

Hope this helps.

Mar 31, 3:18AM EDT1
What is an ETF and is it advisable to buy one?
Mar 27, 12:42PM EDT1

ETF stands for exchange traded fund. A fund is basically a pool of money that consists of money from many different investors like you and me. An exchange traded fund means that you can buy shares in the fund from the stock exchange using a brokerage firm. 

If the fund is not exchange traded then you have to call them up in order to buy shares. In such a case, they may have a minimum sum you need to invest and you may even need to contribute a certain amount every month. 

Typically but not always an ETF charges much lower fees than a mutual fund.

Whether or not it is advisable to buy an ETF or not entirely depends on which ETF we are talking about, what your objectives are and what your goal is. 

I have a free course that shows you how to implement an investing startegy using ETFs. You can find the free course here.

Mar 30, 1:28PM EDT1
About #AuthorsAMA

Welcome to #AuthorsAMA, an AMA Event channel for authors and their important work sharing their knowledge with others.

The #AuthorsAMA channel is owned and operated by AMAfeed, LLC.

Top Contributor
Marisa Donnelly