Having patience, when it comes to investing, goes a long, long way
15-Sep-2023
One of the easiest ways to destroy one's portfolio is by constantly entering and exiting stocks. A primary reason why several have made billions in the stock market is because they bought and held the stocks for at least a decade. Whether a lump sum or an SIP, anything will grow only if an investor gives it enough time. Patience is the ultimate test that many investors seem to lose. Several behaviroual biases are attached to it, making it a lot more complicated. Realising that one can retire on a yacht in three decades can help cool one's nerves in times of tension.
Yes, many have made profits when they invested during COVID lows, but has it always been the case?
In a podcast, Tobias Carlisle pointed out that after a point, the benefit of diversification disappears. Read the full story to know more.
A week ago, I realised that if my dad had invested Rs 1,00,000 on the day I was born, then we would have around Rs 4.8 crore now. I have been depressed ever since.
It is called long-term investing for a reason. Long-term doesn't mean six months or one year, but a minimum of five years.
Well, to invest, we have to save money first and it doesn't seem to be a habit for many.
The number of people who invested their life savings in crypto and lost it all are just too many. One of the biggest bubbles in recent times, easily.
No need to invest on listing day if we get allotment at the issue price. Think better guys.
Ian Cassel: The micro-cap megastar
Companies trading at a discount
Investing needs time and attention
The power and pitfalls of operating leverage
Howard Marks' art of risk management
