If someone wants to earn money from the market then he has to start investing.
Profit and loss mostly depend on the actions and choices of the investor.
Investors should always invest in different asset classes.
Writer, Raghav Iyengar
New Delhi. Today, on Teacher’s Day, the whole country is remembering educationist and philosopher Dr Sarvepalli Radhakrishnan. He spent 40 years of his life as a teacher. He believed that a true teacher is one who helps us to think for ourselves. Dr. Radhakrishnan’s thoughts are as relevant today as they were before and will continue to be so.
Many great philosophers and educationists have been born in the world. He put his thoughts about every aspect of life in front of people, so that people can lead their life easily and achieve their goals. On this Teacher’s Day, today we are sharing those things said by those great people, which can be very useful for us in money management.
A journey of a thousand miles begins with a single step
cnbctv18.com We are sharing this important article with you on the basis of a report of. No one can accurately predict which way the market will go. The market falls, rises and falls again. If someone wants to earn money from the market then he has to start investing. The meaning of this proverb is that achieving big goals begins with small actions. So if you also want to earn money from the market then start investing. Don’t wait long for the right time.
As you sow, so you reap
Whatever work we do, we will get the results accordingly. This proverb holds a lot of significance in the financial world as well. The performance of an individual’s portfolio depends on the individual’s investment strategy, choice of schemes for investment and the variables that have been taken care of while creating the portfolio. However, there is scope for some changes in the portfolio as per the market movements. But profit and loss mostly depend on the actions and choices of the investor. Therefore, investing in the market should be done very carefully.
Don’t put all your eggs in one basket
This proverb tells an investor about diversification in a portfolio. If all the eggs will be in one basket and if there is any problem in that one basket, then all the eggs will be in trouble. Similarly, if an investor invests in any asset class and there is a problem in that asset due to any reason, then the investor will suffer a huge loss. Also, he will not have any means to compensate for that loss. Therefore, the investor should always invest in different asset classes.
Don’t count chickens before they hatch
This famous statement means that we should not calculate returns too early. We should be more careful when it comes to money management. Being overly optimistic about the future is very dangerous for an investor. An investor should be aware of all the risks before investing in any asset class or scheme. Along with this, a strategy should also be made to deal with these risks. It is not necessary that you get the return you have expected.
adversity and loss make a man wise
Nothing in life can be predicted accurately. Even a well thought out plan sometimes some unwanted things get mixed up in the dust. Therefore, if this happens to an investor as well, then he should consider it a lesson for the future. Many investors suffered huge losses during the Corona period. But, this period of adversity also gave a lesson that emergency can come at any time. That’s why we must have an emergency fund.
(The author is Chief Business Officer, Axis AMC. The views expressed here are personal)
FIRST PUBLISHED : September 05, 2022, 14:04 IST