Invest only a part of savings (not the actual earnings) into stocks:
As per your age, only invest a certain “%” based on your risk-taking capacity.
(if you are <50 years = ~25 to 50%, and if >50 years = ~10 to 25%).
Be mindful about small things,
Big things will take care of itself.
Decisions are easier,
when vision is clearer.
Time won’t respect you,
if you don’t respect your time.
Attitude and consistency always overpowers IQ.
Most justifications you give are nothing but a ploy to prove that you are innocent and the other is the culprit.
The next time is never like the last time
In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for investing: Beginners should focus on avoiding mistakes, experts on making great moves.
There is no accountability in the financial guru’s who come on TV. People who have been wrong about everything for years still draw crowds.
Just High income will not make you wealthy, saving and spending responsibly will.
Time Is Much More Valuable Than Money.
If you have any kind of debt and you are thinking about investing in anything, please stop.
“In this business, if you’re respectable, you’re right 6 out of 10 times. You’re never going to be right 9 times out of 10.”
The best investors in the world have more of an edge in psychology than in finance.
What markets do day to day is overwhelmingly driven by random chance. Attributing explanations to short-term moves or discussing them is like trying to explain lottery numbers.
Make a brain tattoo of the Buffett quote about progress: “First come the innovators, then come the imitators, then come the idiots.”
The next recession is never like the last one.
30 years from now the NIFTY50 will look nothing like it does today. Companies die and new ones emerge.
The real interest rate on 20-year Treasuries is negative, and investors are plowing money into them. Fear can be a much stronger force than arithmetic.