#StarsOnZeeBusiness: Anil Singhvi gives Meet Bros, those in entertainment, his money mantra

#StarsOnZeeBusiness: As investors remain stuck at home due to coronavirus lockdown, Zee Business is coming up with innovative ways to make them aware about their money and investment practices. On Wednesday evening, Zee Business Managing Editor Anil Singhvi caught up with Harmeet Singh of Meet Bros on Instagram and gave him, as well as entertainment and film industry, investment tips. 

“This is a difficult time. First of all, everyone should take care of their health. If your health is fine, you will be able to make wealth. This situation has given us some additional time to think about our wealth. People in creative fields should pay more attention towards their money. Your money will start working for you as well. This is very important,” Singhvi said. 

Asked if there are ways of earning money during lockdown, he explained that people can find a way to work from home and earn. 

“Money is something you want to make throughout your life. The lockdown period allows you to develop certain skills that will help you throughout. Right now, a lot of investors come to me for advice. They buy shares on the basis of my recommendations. But, this cannot go on forever,” Singhvi said. However, I can teach them how to buy shares, he added. 

Zee Business Managing Editor explained that people need to use this time to learn about stock markets and investments so that they can make money for through their lifetime.

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Harmeet asked Singhvi how the entertainment industry should go about making investments.

“The regular investments do not work for entertainment and film industry. A salaried employee knows how much money is coming in every month and can make the investments accordingly. This isn’t the case with people involved in entertainment industry. There are times when you may get a lot of money at the same time. There are times when the payment is delayed. So, you should always opt for lumpsum investments,” Singhvi said. This was the market guru's money mantra for Harmeet and those in entertainment industry. 

He also added that anyone in the entertainment industry should have three to six months of their requirements in the form of liquid money - money should be easily accessible. The rest of the amount could be invested, starting with health and life insurance.

The music director duo from Madhya Pradesh has given several hit songs over the years. Meet Bros' most well-known and critically acclaimed songs are "Baby Doll" from Ragini MMS 2 and "Chittiyaan Kalaiyaan" from Roy. The duo is currently working on the music for Salman Khan’s next Radhe. 

Last week, in a similar live interview, that was carried on Instagram with TV actor Aashka Goradia, Anil Singhvi discussed how celebrities should manage their personal finances, including how they should start their investment journey. 

In an interesting turn, it was Aashka Goradia who interviewed the market guru and asked him a number of questions to ensure that she does not go wrong on her investment journey. Notably, apart from revealing that investments should ideally start happening in age group of 25-35 years, Anil Singhvi also gave the TV actor and fans at large investment lessons that will really come handy during times of Covid-19.