The Most Authentic Guide on Personal Finance and Investments


Words of Wisdom : "There are only two lasting bequests we can give our children... one is roots, the other wings." ~ Steven Covey

Wish to become rich? Try these financial tenets (4 of 4)

4. Hope won't make you money...only your acumen will do so.

You are nowadays witness to the unpredictable twists and turns of the equity markets from minute to minute, thanks to 24*7 tickers on the umpteen business channels, internet and SMSs. One moment ago you are sitting on a huge pile of profit and yet the very next moment may see you crash landing into deep abyss.

Most people get worried with this chaotic movement. Yet, it is precisely this chaos that offers the opportunity to make big money. If you know how to intelligently ride this wave, you have made it. But, get it wrong and you can fall flat on your face. This roller coaster ride can both be a source of prosperity and poverty.


There are many success stories on the stock market. But the disasters outnumber the victories by a huge margin. Why? Because most people do not have the mental capacity to digest the sharp ups and downs. The difference between winning and losing lies in the temperament.

Markets will not move the way you desire. Yet most people invest with the hope that the markets will rise — soon after they have made their purchase. Markets cannot be dictated or predicted or manipulated.  Therefore, firstly get over this tendency to time the markets.

Then, given this volatility, it is best to tread and trade carefully. This is best achieved by not committing yourself fully at one go. If you invest small amounts every month, you are entering the market at different levels. This normally lowers your average cost of purchase. And, as you all know, lower the cost the better are the chances of making profits.


Bottom-line: You make money only when you respect money

You Learn A Lot By READING... And Even More By SHARING.

Share Button

Ignorance is like a SIGNED BLANK CHEQUE... anyone can MISUSE it.

Subscribe via Email
Books by Sanjay Matai
[Click on the Pic for more info on my books.]
Powered by Blogger.

How To Boost Your Credit Score To 750+ Levels

Nowadays, many of our needs and desires, are not financed out of our own pockets. Someone else is paying for it! And we repay the amou...

Total Pageviews