We Design Your Financial Destiny


(Precious) Words of Wisdom : "Never spend your money before you have earned it." ~ Thomas Jefferson

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

An Investment In Knowledge Pays The Best Interest ~ Benjamin Franklin

101 Classic Tips Money Gyaan

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
Powered by Blogger.

... Three VALUABLE Tips ...

1. Which Is The Best Day To Invest Your Money?
Best Day for Investment
My "unique" take on the auspicious days to make the best investments.

 


2. Housewives Too Can Become Millionaires
Millionaire housewives with compounding
Saving for MORE TIME gives much better results than saving MORE MONEY.

 


3. Twist In Credit Card Interest Calculations You Must Know
Credit Card Interest Calculation
Calculating Finance Charge on your Credit Card is LOT SIMPLER than this.