11 months ago

Vijay Kedia: Investment Strategy vs. iPhone 17

Vijay Kedia: Investment Strategy vs. iPhone 17
Vijay Kedia on iPhone17: Worth Rs 1 lakh, Rs 15,000 in 6 years — Mutual funds could be Rs 2 lakh · financialexpress.com

Vijay Kedia, a financial expert, suggested people consider investing in mutual funds instead of buying the new iPhone 17.

He pointed out that money invested could grow significantly over time, while the value of a phone quickly decreases.

He estimates a ₹1 lakh investment could become ₹2.31 lakh in six years, compared to the phone's resale value of around ₹15,000.

His advice encourages people to think about prioritizing financial goals over instant gratification and consider the long-term impact of spending decisions.

Key facts

Expert
Vijay Kedia, founder of Kedia Securities
Recommendation
Prioritize investments over iPhone 17
Investment Alternative
Mutual Funds
Potential Investment Growth
₹1 lakh could grow to ₹2.31 lakh in 6 years
iPhone 17 Resale Value (est.)
₹15,000 after 6 years

Quotes

Vijay Kedia

Founder of Kedia Securities

“The iPhone 17 isn’t for everyone. Spend ₹1 lakh on this overhyped phone OR invest it in a mutual fund. In 6 years, ₹1 lakh can become ₹2 lakh — while the phone’s resale may sink to just ₹15,000. That’s ~15x more value through investing.”
financialexpress.com

Warren Buffett

Investor

“If you buy things you don’t need, soon you’ll have to sell things you do need.”
financialexpress.com

Sources

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