I'm not a sport fanatic. However, I understand that in any game there is an equal chance to failure and success. If you can't appreciate this, stock market is not your play ground.
I never lost any money since I started earning in 1998. I never made any mistake on financial investments. Well, this is not true anymore. I did some investment mistakes when selecting stocks. My losses piled up when I failed to admit my failure. I saw the value of my portfolio going down everyday like water falling from the mountain top. I do not want to sell the stocks for a loss. I held them until I lost up to 30% of my investment. Thats when, I realized that I should let go my ego and admit my failure. Since I had started small with stocks, the mistake didn't hurt me a lot. However, it is a lesson well learned.
If you don't want to loose, stock market is not your play ground. For every stock that you buy there is a 50% chance of success and a 50% chance of failure. By doing your home work, you can maximize the probability of success. But there are always factors that are beyond your control, that may influence your portfolio. Don't wait long enough to admit your failure. Being honest can punish you in the short term but will reward you in the long run.
Saro's R2I Blog covers Return to India (R2I) topics such as R2I planning, R2I checklist, R2I Jobs, R2I Salaries, R2I Schools and Post R2I life experiences in India
Sunday, April 20, 2008
Don't wanna fail? Stock market is not your playground
Subscribe to: Post Comments (Atom)
COVID-19 Vaccination Experience in Chennai
Booking a vaccination slot in India through the CoWIN portal was similar to booking a H1B Visa appointment in US Consulate (not sure if that...
We just celebrated our first year R2I anniversary. It feels like just waving final good bye to US . But, the clock moved very fast to ring t...
One of the key things to do during your move from US to India, is providing "Change of Address". Should I be giving change of addr...
Good to know that you are thinking of Returning to India (R2I). R2I is indeed a hard decision and requires meticulous planning. ( Also read...
Post a Comment