Amit Kumar – Invest Long-term but Don’t Forget About It

<p><strong>BIO:</strong> Amit Kumar is a nuclear scientist turned serial entrepreneur who never thought of being an entrepreneur and now coaching and mentoring thousands of small business entrepreneurs through the MSMEx platform.</p><p><strong>STORY:</strong> Amit got so engrossed in his first entrepreneurial venture that he forgot about some investments he had made. When he remembered them, he learned that the companies he’d invested in had long been delisted.</p><p><strong>LEARNING:</strong> Define your long-term. Always track your investments. Take care of your own money.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“While the principle of long-term investment is good, long term isn’t perpetuity; you have to define your long term.”</strong></blockquote><blockquote class="ql-align-center">Amit Kumar</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/amitmsmex/" rel="noopener noreferrer" target="_blank"><strong>Amit Kumar</strong></a> is a nuclear scientist turned serial entrepreneur who never thought of being an entrepreneur and now coaching and mentoring thousands of small business entrepreneurs through the <a href="https://www.msmex.in/" rel="noopener noreferrer" target="_blank">MSMEx platform</a>.</p><h2>Worst investment ever</h2><p>Amit left the corporate world and started his first venture. Coming from a project management background, he took this venture as a project. For this reason, it did well, but he didn’t enjoy it.</p><p>Amit put so much time into his entrepreneurship stint that he forgot about the investments he’d made after opening a Demat Account (an account to hold financial securities in a digital form and to trade shares in the share market in India). He had applied the principle of invest and forget.</p><p>Amit now couldn’t find the investments in his portfolio. When he followed up, he learned the companies got delisted. The account manager claimed to have sent Amit some emails updating him on the status of his account, which he never noticed