Mutual funds and my wife
Yesterday i was reading a journal on mutual fund by value research named by mutual fund insight. That was all about how to make a right selection while investing in mutual funds. As per i am not a finance guy i thought that it would be bit difficult for me to understand but it was not like that. Selection of mutual funds is pretty same to selection of any other important thing in life.
I want to talk more about when to invest or how to take right decision at a right time than where to investment??
Just compare this situation with any other situation of your life. Take it in this way, as you are going to choose a life partner for yourself, or going to choose a company (sounds a good joke in this critical time).
When your all friends getting married or having a girlfriends with them. You started thinking about it. And finally when you get married or got committed with someone. You realised that it was a bad decision (not in all cases).because you do not have your own income resource or time for girlfriend, which your married friends have and unmarried friends who are totally free....
So do not invest if you do not have your own income and do not follow others if you do not anything about the way where it’s going.....
Second situation i want to put is when your family making pressure on you to get marry and you also started thinking that ,girl is so beautiful and do not miss this chance....
But after marriage, you realise that that was a just a chance, you would get more good opportunities after that (often happen in most of the cases).
In stock market when market (sensex) crash to 15000 level we thought that it’s a good chance to invest then at 12000 level and after that 10000 level but we found lots of more good opportunities after that even 8000 level 8000 level it touched.
But question here is how much time we have to wait, if we keep waiting for all the time we can never invest. So what should we do??
Here the question arises of how to take decision or when to invest??
Again come back to our life. You have to take decision for marriage. When you are not under any pressure, economically unstable and have sufficient back up for your future life.
Whenever you feel that you are in panic. Do not take any decision. Wait for some time to get things stable after that take decision. May be you will miss some opportunities to invest and get profits or a beautiful girl but less profits are always better than more profits with more risk ( general principle of mutual funds). At the end you will accumulate more with fewer profits.
By-nitten sethi (free thinker)
Comment on it pls.....