Nurture your Investments

The recent victory of the ruling party over one of the largest state is no less win then the overcoming the cli9mb of difficult Everest ranges. This win is not simply a win of majority but it also shows that now people want to give a chance to new people and move away from their comfort zone. News, rallies and speeches now do not attract people, they want results. This midterm victory of our PM’s tenure is a clear reflection of how people now believe in the decisions made the commander in chief of our country. It all started with parties canvassing, leaders speaking and tarnishing image of the other one. All said now is the time to perform. But again it is not a task of few days or months. It requires continuous efforts till the things really change. Apparently when we talk of our investments, we also follow the old dictum “Start, put the vehicle in 1^st Gear and as soon the vehicle picks up speed move to 2^nd gear. As the road gets smooth keep on shifting the gear”. But what we miss in this high is that the road can even get bumpy and the ride needs to be made slower and safer to cross these roads. So, why am I today discussing so much about these things that we already know or read every day in our morning newspapers? What is the need to reiterate the multiple times repeated stories? Well to begin with is that if you know them then why don’t we apply it? Apply it in our personal decisions – be it personal life or financial decisions.

Yes, we at Saarthi, want our readers to first improve their financial common sense before they plunge into analyzing and judging Ratan Tata and his personal investments. Why do we make statements on what Narayan Murthy comments about his peeve subject? Yes the very common thread that underlies in all my above comparisons is one point – Give time to your investment and wait for it to do the best. However, if you don’t see what you expect, don’t pluck it rather take utmost care of it and efforts to let it survive the rough times. As any leader needs time to prove his vision and efforts or every car needs to adjust to the road bumps so does the investments need time and still belief in its merit to survive the time tide. If you believe the invested asset class then it should not be difficult to understand the reason for its bad performance. It not only applies on variable earnings of products but also on fixed earning products. Any positive news should not make you turn towards any specific product nor should it make you move away from it. Before you leap to make any decision take advice on it to double check strength of your action. Be sure you don’t turn to machines and TV commentators for this. Use somebody like your personal advisor, to give you an honest opinion.

All said it is good to be patient with your investments. It may be able to survive your ignorance but cannot face your harsh decisions. So, always never fear to take a chance. “Chance is always second last.” If you don’t believe me then just think if all options were 100% then would there be any word like “Probability”

Thanks and Regards
Team
Saarthi Financial Planners
Facebook || Twitter || Blog || Google Plus || Blogger