As a young school kid in primary
school I would look towards the high school section, see bigger guys, and wait
to grow up and “be like them”. As an executive in a company you want to grow to
be a manager. As a manager, one wants to get into higher management. A
businessman wants to increase turnover and profits. All these are different examples for only ONE
thing – the universal human need to grow, expand and feel full and complete.
Wanting to grow, expand and feel full is human nature.
Now come to the world of personal
finance and investing. Fitwit has many people people speaking only about
themselves, their investments and their success and it is but natural for
beginners, newbies and many investors to “be like them” – to grow, get rich,
feel complete and successful. For every investor, the means to expand, grow, feel
full is to follow a path that takes them to such success. This strong
desire to FEEL FULL and NOT FEEL SMALL - is the root of action of every individual.
I am discussing investors and
their behaviour. While wanting to be full and complete is natural, what
harms is the strong desire to do it fast. This leads to the dulling of
discriminative ability.
Think about it – all greed, instinctive
decisions, stupid allocation is the result of this wanting to grow fast,
quickly. And… the worst thing to happen is to do it by:
- Reading clickbait headlines
- Taking tips, free advice from various media
- Listening to fake folklore of office colleagues, cousins
- Blindly following authoritative figures.
MUTUAL FUNDS
ARE SUBJECT TO MARKET RISK. READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE
INVESTING.
DISCLAIMER: I
AM A MUTUAL FUND DISTIRBUTOR
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