Comments on: Short Term thinking hurts

By: anurag

anurag — Fri, 04 Jan 2013 14:39:40 +0000

I certainly would lke to know the name of the wealth creators who said so. As I have never heard such a thing on any of these so-called business channels.

By: PrAvEeN

PrAvEeN — Tue, 30 Oct 2012 12:28:39 +0000

Suggested some colleagues & colleagues not to go for LIC for 80C., and they looked at me like a FOOL and just ignored me. Then I decided to NEVER GIVE FREE (or UNASKED) ADVICE

By: Subbu

Subbu — Sat, 27 Oct 2012 07:05:13 +0000

Subra,
Can please you throw light on why Japanese index couldn’t recover from 35K value(in 1990) even after 22 years. I am sure 22 years is real long term. Is there a possibility that you see, this could happen in Indian equity also?

By: Sachin

Sachin — Fri, 26 Oct 2012 06:30:12 +0000

Agree with you.

But my grouse is different. Look at the unfairness of it all. Why are short term pleasures and long term pleasures mutually exclusive?

As somebody has said – Enjoy everything while you can, because medical science is hard at work to prove that everything you enjoy is bad for your health.

By: Jayant

Jayant — Thu, 25 Oct 2012 07:39:11 +0000

Subra sir,
This is exactly what happened to me! 21 yr old boy entangled on LIC rather than MF SIPs. :’( Wish there was subramoney.com that time.

By: Statspotting

Statspotting — Thu, 25 Oct 2012 07:19:33 +0000

We had written a longer piece on this topic:

statspotting.com

The most important part is this –

All of us have a tendency to over-react to recent events. It is obvious in many of our actions, starting with what we talk about all the way to where we spend or invest. But the reaction could be in two ways – we see the trend, and either think that the trend will break, or that the trend will continue.

By: koguty

koguty — Thu, 25 Oct 2012 07:04:42 +0000

LIC is definitely long term, dont think otherwise – long term PAIN for the policy holder; long term BENEFIT for the agent/”uncle”.