Mr. Rajeev Thakkar discusses what wealthy individuals should do after accumulating wealth. He talks about various aspects like investments, family businesses, alternatives and structured products. Regarding investments, he mentions that one needs a financial plan irrespective of the size of wealth.
He cautions against obsessing over venture capital and startup investments. Though some investments do well, on average returns are lower than index funds. Getting shares in promising startups is difficult.
Mr. Rajeev Thakkar discusses challenges with private equity funds and alternatives like PMS and AIFs. Though they have their place, costs are higher and returns are often lower for the average fund. Structured products promise to protect capital while giving equity upside but come with catches like lower returns and higher taxes.
In conclusion, he recommends a balanced approach to investments. Alternatives have their place but should not be blindly pursued. Mainstream investments through mutual funds often provide a better risk-return tradeoff for long-term wealth creation.