When an investor burns his finger, he then come to a conclusion that investing is dangerous and then begins to take a firm decision of not returning towards it. However, within a short time, he loses his patience and then opts for other forms of investment.
When an investor burns his finger, he then come to a conclusion that investing is dangerous and then begins to take a firm decision of not returning towards it. However, within a short time, he loses his patience and then opts for other forms of investment. Example : land, gold, etc. In my opinion one should not drift from one investment, to another and that to without any strategy. It is like a person digging in one place for a while and then when he or she gets impatient, will start digging in another place. In this way the person goes on. Finally, when he realizes that he cannot achieve it, he then begins to blame on his luck.
An investor should have a financial goal in mind and then should work towards reaching towards that financial goal, within the specified time frame. One should adopt a strategy towards achieving an investment based goal. If you have invested in good options, in a diversified manner, then allow it to be there. There is no need to keep your money moving all around. Also, consult an experience financial adviser, who will guide you towards proper investment plan. They are in a better position to inform you about which way the stock market will turn and which companies are going to do well.
In today’s times, many investors get caught up in latest investing trends, like equity and mutual fund investing. Investors also get stuck with investments relating real estate, commodities and gold. Those who get glued to their television sets watching business channels, update themselves with predictions relating to stock investments. As soon as they get the latest news tips, they start acting on it. But what the retail investors don’t realize is that they are the last ones to rush and often get the empty shell after the real part is already eaten by those higher up, who form the rest of the investing world.
Retail investors often get fascinated by day trading and are familiar of stories of about some neighbour or about one of their cousins who make a lot of money on a daily basis. But how many of these retail investors get to hear stories about losses which are made by these very same legends. Many investors start having faith in fail proof methods, which promises investors to become rich quickly. They underestimate the risk that they intend to take and they often rely too much on their instincts of themselves and others around them. They act on the basis of logic.
One should be aware of the fact that it is difficult to predict equity markets, since there are plenty of variables involved. People, who want to get rich faster, are ready to risk more money to get higher returns. However, they must understand that there is no secret or magic involved towards investing. One should ignore investing based on latest investing fashion. You can do this by concentrating on your investment goal, without looking around for options to shift to other form of investments. Do not move in various directions randomly. Just keep your eye fixed on your goals and allow it to bear fruit at its proper time.
Thanks for post. Nice to see such good ideas.