Are you the lucky winner of Action month ?

October 13th, 2011 Mary Stults Leave a comment Go to comments

We are now going to declare Action month results which we conducted last month. We got overwhelming response and overall 3200 tasks were pledged by around 1500 participants. Over 30 days, hundreds and hundreds of people surrendered their junk policies, hundreds of them started their SIP, lots of term plans and health insurance plans were bought and around 800 people bought folders to organise their financial documents. It was one of the biggest and such of its online group activity which took place. Reads on email should look at this article for the list of winners.

A total of 3198 tasks were pledged by around 1500 participants. Investors from almost every city in India participated, but the majority of them (around 75%) were from metro cities. The maximum participants came from Bangalore , Mumbai and city of Delhi . Around 60 NRI participants were also there.

Another interesting observation was the number of tasks pledged by participants. There were total 5 tasks which could be chosen, but people choose the number of tasks ranging from 1 to 5 . here is the results city wise .

Note that we were not able to capture the results for each and every one , only couple of hundred participants actually submitted their action results . We are sure a lot of participants must be busy completing their tasks and many might not have started it.

As promised, we are declaring the prize winners for each category. These winners will also be emailed separately about their prizes. Prizes will be given either by the sponsorers or directly by us as per the case.

Thanks to all the sponsors like Moneysights, Fundsindia, Mprofit, Investplus and Medimanage for their support and making this action month as a successful event.

We are selecting few people from action month participants who open heartedly shared their experience about action month . All of these people win books from

Harsha from Bangalore says I have stoped the LICs, for ex, by Aug-end 2011 I was due to pay a premium which I did not do, I have attached the screen-shot proof for the same. And this time when I come home, I will be surrendering all the policies, irrespective of the returns and make a one-time investment in any MF. (Ofcourse after bouncing off of Nandish). I was also hoping to have fully working, cool portfolio manager software, I downloaded InvesPlus and Mprofit and spent long hours analyzing them. But like we discussed in an earlier e-mail, I am going to use the XL sheets I have gotten from you people, and I think that will do for my portfolio. One other thing I did just prior to Action month was to buy Health Insurance for my family, this was completely based on the readings that I did on your website. And I am damn sure I did the right thing . Credit goes to ..Action Month.. no doubts. Thanx to Nandish for being there always, I should say he was like my Financial F1 key, I messaged and mailed him at odd times to ask things. And he was always there to guide me through. (Edited his feedback to make it short).

Pradeep from Chennai says I have been plannin to do something for to keep my life secure from years and had never had a fire to keep a step towards it. But your action month has ignited my mind and made me to travel in right direction and start looking in to finacial home work.. I wish every year it could happen

Anand Patel from Navsari says Because of Action Month I became so organised that the work which eat away my whole day will get completed in few hours & also I am able to find each & every documents where & when asked for. I have also started an SIP of more than 100000 & also Invested 10 Lacs rupees through STP-SIP mode & 3 lacs in Liquid Fund. Due to action Month I am able to actually plan my investment, I really understand the fundamental of Organised investment so that future will be better. I have also learned a lot about Insurance Policies & also learnt an Importance of Term Insurance. I feel that due to Action Month Now I became the SMART investor & my future is secure. Thanks to Manish for inviting me to join ACTION MONTH.

Nilesh from Pune says- This month was great in all senses. Long pending activity of organizing financial documents finally got over. It took hardly one day for me to collect every document, categorize it into insurance, mutual fund, bank statement etc. Then I made different folders for each. I got married three years back but didnt had marriage certificate. I got my marriage certificate this month too & now will be able to invest on my wifes too.I also studied Term plan & health plan for me & my family. But due to budget, I postponed the purchase of the same. But I have shortlisted everything & will but them in next one month or two. I have also prepared excel sheet wherein I have entered all the details. I keep updated as I add or subtract the things.

Kapil Tyagi from Delhi says I had been reading lots of website related to personal finance and believe that I need a term plan. But somehow I could not kick myself to this goal past many years. With the help of Action Month from JAGOINVESTOR, I am able to achieve this goal and feel secure and satisfied. I would sincerely like to thank the team of JAGOINVESTOR for initiating this, which has changed the lives of many people including me by helping them to live a better & happy life.

Jason from Doha , Qatar says - Action month plan was great. To be honest, i just came to know about Jagoinvestor.com only in couple of months back, i think March or April 2011. After i started to read the articles, realised that how many mistakes i did in choosing investment & as well as insurance. By the time i realised that i made mistakes, at the same time Jagoinvestor came up with Action month !!! so i decided that its the time to make corrections So had a action plan for Term insurance / SIP / Surrendering Waste endowment policies / & having a organised record file for all the above. Thanx to Jagoinvestor. All is set. Wish you all the very best for your good work.

Harold from Pune says Well It is a great start for someone like me ,who is usually DIY kind of guy. This will be a first time participation in any forum for me, particularly which reminded me of setting my priorities right & off course take action. It is kind of difficult to accept that we need to be reminded to take actions which have long term implications on our lives. But then we are human & we like to delay things, thus having a intervention in the form of the action month can be something of a life saver . Even though i would generally not bother, but having signed on & seeing a mail that asks me if i have taken the actions most probably has done the trick. Sometimes you just need that small beep to wake up from the stupor of daily grind, i believe action month has kind of played that role. At the same time it is important also to know the importance of taking the action,or any no of beeps will not matter. So joining up action month means a lot of people do know the importance but also need the BEEP.

Manish from Mumbai says I had a very fabulous Action Month in which I was literally able to take quest for my long pending actions to organize Financial Documents. Just investing is not the end to financial planning, but Keeping the same in order, & also tracking & keeping up to date information on financial products in the market, i.e. both, already invested(old) & new ones which enter the markets. All the investments does not give the desired results & should be tracked, looked after over a period of time & necessary action as required should be taken on a regular basis so as to enable an individual to achieve the financial goals set to be achieved. Action Month has given a lot of understanding to financial life

Surya from Panji says Well, it is not the only action month that has triggered me to start the SIP & level term but those wonderful articles written by you. Actually I had decided to start all these planning in March (especially for mutual funds) but as I started reading articles on Jagoinvestor (& valueresearchonline) it also made me to think on differnent subjects like Term insurance, Emergency funds, surrendering of junk policy, etc. Though I have not surrendered my money back policy which I will do in October as my first instalment on this policy is due in few days. My heartiest thanking to you. Even if you had started this action month without any prizes I guess all the people who have participated would have stated SIP, term,etc. because your articles itself are big prizes to us. Many thanks to you.

Praveen from Gaziabad says- Every man has a dream and everyone tried to acheive it but only few can acheive it because of action. Thats why action are must for acheiving goals rather than dreaming. Actions must be based on knowledge and should not be like blind game. Even the Proper guidence is essential because no-one can be perfect in each field. May be i am good in one field and can be weak in other & here the guidence and teaching plays a important part. Here the Jagoinvestor Forum plays a important role, First they educate people financially and later encourage them to take an action. In my opinoin the Move/momentum is important rather it is small or big. I have taken a very small step (WIth the help of Jagoinvestor and Fundsindia) in this action month period but want to make it big in future. First Gear is very important & later you can accelerate/switch in different gears. Thanks Jagoinvestor.

We would like to conduct more and more action months in future. Please share about future action months and what all can be done in future . What are other areas we can take up and do on mass basis ? The best idea in comment section will win a 30dayplan .

Financial Freedom Expert