Ask you dad and mom. Did they invest for the real long term? Like 10-15 years? I am sure they will have specific answers. Do you??
Everything today is about making a quick buck. Everyone wants a few million in the bank in a few months. Dont you? Dont I? I know I do. I know you do. But thats not the point. The point is every “scheme” to earn quick dividends is a high risk “scheme”. And whoever thought that investing when the Sensex was at 11000 was a great idea since there was only one way it could move in the coming months was actually quite naive and stupid. No one was talking about selling. Everyone wanted to buy buy and buy.
Guess what. The balloon burst. Just as it had burst at the time of Harshad Mehta. When the sensex falls, it falls like a pack of cards. More than a 1000 points in just 2 days is no joke. Now everyone’s talking about selling selling and selling. Quick bucks are already a lost cause for those who started investing at 11000. The only concern is to get as much of the original capital back as possible. So what do the “quick bucks” people do now? Sell Sell and Sell of couse. Creating a greater panic in the markets and disturbing the overall sentiment as well. But they have already burnt their fingers, havent they? The learning? NEVER TRY TO TIME THE MARKET. Remember you are a drop in the ocean. The ocean can easily move a drop. But a single drop cannot move the ocean. Hell…even a million drops cant move the ocean.
Invest small amounts each month. And stop looking at the business page or watching NDTV Profit everyday. It doesnt help, trust me. Compunding and Time are the biggest factors to grow your money. Slow and steady wins the race. Remember the tortoise?
The whole point of this post was to make you read this. Me and my big mouth!!! 