Investing Nuggets
"Agar aap disciplined investor ho MF mein via SIPs, to jitni sidhiyan chadoge utna girne ka chance kum hota jayega," I used to say to my MF investors during my banking days as a wealth manager. After investing self money for the last 10+ years, I have come to a number of conclusions. Conclusions: a) The market never goes in a linear mode. In the market, 12 = 1 +2+1+3+0.5+4+0.5. b) The market is the only industry where EQ>IQ. Here, an above-average emotional quotient with a below-average intelligence quotient makes you the most money. c) Always avoid noise. d) Ideas sell for dime a dozen, discipline is the key. e) One becomes wealthy by either saving or cutting expenses. If you are doing both, then you are on the highway. Most important - if you saving, living below means, and cutting expenses then you are on Autobahn. f) Saving 1st crore is the most difficult milestone. g) On average, in a decade there would only be 40-50 best days and if you are invested during that da