Our attitude decides our
return. Stock market is not meant for everyone, anyone who is engaged with stocks
will not make money. People with a special
attitude or those focused on building the specific attitude are likely to
create wealth investing in stocks. If you do not have or can not develop the
right behavior, do not invest in the markets. Those who are looking for pure
returns on their invested money, like watching movements every day or what
returns came about etc. are lilely to be losing money.
Will Rogers rightly say
that "I am more concerned about the return of my money than the
return on my money."
Its not mandatory that
every one has to invest in stocks, its actually antithesis for people who are
obsessed with the markets. Markets are not for everyone, understand if markets
suit you...
What
is the right attitude? Its Long term,
which is now a cliched and over abused term. Second is margin of safety to ensure your down side is limited. This means
very few investment opportunities per year and invest regularly. This seems to
be contradictory: Investing regularly is time diversification. If nothing
else, you may be able to buy cheaper and be rewarded better.
If
you lose patience or attitude over a very long term, you can lose out on the
gains. The best companies are quoting at huge valuation and may go into stock
price hibernation for years at stretch. In a market frenzy like today, there is
limited or no margin of safety.
Focus
on building the right attitude and if the markets suit your personality and
genes, stay on to be rewarded. Or move on to other opportunities.
For details on our portfolio, email ram@learnivest.in
For details on our portfolio, email ram@learnivest.in
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