Today, we share with you 5 priceless thoughts by these investment experts. We are sure this will inspire your financial journey forever.
- “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” – Warren Buffett
Okay, so this comes from one of the richest men in the history of investment. But haven’t you also read something similar in our communications: Dear investor, if you wish to turn your investment into wealth then you must know that one needs to invest when the markets are down, so you could find good value and not when the index hits high and makes everything expensive.
- “The individual investor should act consistently as an investor and not as a speculator.” – Ben Graham
Been there, said that – didn’t we. A disciplined investor will never speculate. Speculation is akin to gambling and that’s the last thing we want you to do with your hard-earned savings. Meet your investment objective with careful planning and selecting the right fund that will help you get there. Ignore market noise and focus on the completion of your financial goal.
- “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki
We have always emphasized the fact that one needs to start investing from the time they get their first paycheque. It doesn’t matter how much you earn, but how much to invest. Remember, investing your hard-earned money helps it grow. Also, a small start could potentially have a grand finale. Remember it should be Salary – Investments = Spends and not Salary – Spends = Investments
- “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” – Paul Samuelson
How much ever boring it might sound, that ‘boring’ stuff is exactly what would work for you in the long run. Long-term investing in equity mutual funds will help you reach your financial goals better.
- “Our favorite holding period is forever.” – Warren Buffett
Markets are volatile in nature. The tendency of reading and reacting to short-term market conditions in investing is detrimental to the health of one’s investing life!
Not only does it end up robbing investors of returns but tends to discourage investors from making further investments. Investors who have burned their fingers are likely to distance themselves from stock markets forever and convince others too if it were possible.
Instead, a good investor follows the Law of the Farm. For a great harvest, a farmer must carefully plan, work consistently and diligently over a long period of time.
This quote is valid especially in today’s day and age when the markets are running up and everyone seems to be making a beeline to invest in stocks. Don’t be hasty, check your risk appetite, do your homework and invest accordingly. The India growth story is decades-long and the markets will see many bulls (and bear) runs during this time. So invest for the long term. Invest wisely.
Mutual fund investments are subject to market risks read all scheme-related documents carefully.