“Mahatma on Resistance & Persistence”
Posted By: Admin
On the eve of Gandhi Jayanthi, it is nice to imbibe a little bit of the Mahatma in all of us and our investing style.
“First they ignore you, then they laugh at you, then they fight you and then you win.” Said the Mahatma on Resistance & Persistence needed to win a cause.
Resistance : One must resist the path of common usage and seek to find a better way, when M K Gandhi was thrown out of a train carriage in South Africa, he did not accept it, he resisted it to seek a better way…. And as they say rest is history.
Persistence : During the Freedom struggle, many a times when the British Govt and the Police tried to intimidate him with acts of violence, he persisted with Ahimsa ( Non Violence) thereby eventually winning India’s independence. From an Investor standpoint,
Resistance & Persistence for an investor can mean many things,
- Resist the temptation to stay with the easy and known, sometimes keeping money in the Savings account is easy and known, but the long term results can be disastrous, so even if equity markets are volatile, venture into it, ever so cautiously but for sure do so as the long term results could far outweigh the short term comfort of the Savings account.
- Resist the temptation to take your investments out every time equity markets get volatile, learn to accept the volatility as a way of life and long term investing.
- Irrespective of whatever happens, stay true to your Asset Allocation that you have chosen for yourself, irrespective of short term volatility, as long as one stays true to their chosen allocation of assets one will see rich dividends. Persisting with your Asset Allocation is deeply rewarding in the long run.
So this day, let us allow the Mahatma to Inspire us to be better investors.
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Category Finsherpa | Tags Financial Freedom
