I think it is much easier to remain healthy, but far more complicated to look after your wealth.
Of course I am assuming that people do not buy every vitamin pill, curative pill, magic dye…..and make a mess. If you just eat simple food, do some exercises, sleep well,…you will normally lead a healthy life.
While investing on the other hand even people who keep it simple get carried away by the media, friends, colleagues, own ego, financial advisers, …….and do irrational things. Let us take some advice that is available on the media:
“Invest in a good mutual fund, keep seeing the quarterly results, but make changes once in a year”.
I have no clue whether the investor has any actionable advise in such a statement. Do you?
“Investing in the Primary market will ensure that your losses are kept to the minimum, while Maximising your profits”
Wow! beats me. See NMDC, NHPC, from the psu basket and a zillion others from the private sector basket.
“Do Fundamental Research before you invest.”
TV Expert: Aviation stocks have never earned money for their shareholders, but at some price ALL equity shares become attractive. Kingfisher at 16 has reached that level.
Anchor: Sir, does it mean you are recommending this to your customers?
TV Expert: NO, no, I have not recommended it to MY CUSTOMERS, but I think it is a good buy (FOR YOUR STUPID VIEWERS??? )
What should the viewer make of this conversation?
Small investor if you are looking for some magician to look after your money, FREE, or by watching TV and reading websites, my heart goes out to you.
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