
Wrong ways –
1) Buy now because the market is going up & sell when market is going down.
2) Buy now on the basis of past track record / past performance basis.
3) Buy now because Fixed Deposit Interest rate is falling like no other option.
Result of that –
1)Investor buys & market goes down.
2)Investor buys & market goes up & then goes down.
Right ways –
1) Focus on growth of Income via equity –
You have to start today to built an income stream that can grow as fast or faster than your living cost can grow.
2) Owning a portfolio of good businesses –
In the whole universe of investments, equity is the only financial asset which can consistently beat inflation & taxes.
We all intuitively know that people who own great businesses are wealthy than others.
Forget stocks, own a piece of successful businesses via mutual funds.
3) Nick Murray says In his 35 years career, Institutions like mutual funds houses successfully find good businesses and it’s a tool to control & manage our emotions.
4) Don’t compare schemes like its a race
Give time & trust.
5) Cyclical downturns are the part of the game
Smart people know that these are buying opportunities. The important thing is you go with your open eyes.
Don’t go with current events, think long term.
Wishing you all a wealthy investing in a right way.