Navigating towards your financial goals

Investors are like navigators: some are adept at charting their course, while others struggle. Suppose you tell someone to reach a particular place and give detailed instructions. Most people can follow the directions and reach their destination. Sometimes, the route that you have described may have some problems. A road may be blocked. When something like that happens, the travellers get divided into two groups. While some can easily find an alternate route, others need help. What's the difference between the two groups? The difference lies in the way different people use the directions given. Some take them as instructions and follow them by rote. Others understand the general direction of the destination. The second group can find an alternative route, while the first group fails if the original route is unavailable.

This article was originally published on December 29, 2023.