Investing is actually simple.
But it’s not easy to follow simply as it’s quite boring, and outdated for some people. Also, it requires discipline and patience in the long term.
Well, investing may seem complicated due to various strategies applied by various investors, due to recommendations on the different TV channels, self-claimed financial experts’ views, etc. This too much information around everywhere, often makes us feel that everyone else understands investing better than we do.
Have you heard stories of earning huge ‘Profit” from any trader and also how they have the skills to continue to earn such profit from the stock market? They make it sound so easy and make us feel that the stock market is a place to earn a quick profit, right?
But when we start investing, we get loaded with questions like, which stock to select? how to select? which is the right time to buy? how to know if it’s the right time to buy in the market? how much to invest? The same happens when one wants to invest in mutual funds too.
This might be due to a lot of available options in the market from large-cap stocks to penny stocks or from index funds to sectoral funds. Do you know this fun fact- India has more than 5,000 publicly listed stocks and 2500+ mutual fund schemes. while the USA has more mutual fund schemes than listed shares. The number of mutual funds is more than 9400 and listed stocks are almost half of it? sounds interesting?
but as an investor, this interesting thing can complicate your investment decision because you need to select only a few of them for your future goals. So much confusion and complicated?
The more you learn and understand about personal finance, investment products, the market & its behavior, the more comfortable you will get with it. To keep your investing simple, all you need is to follow some fundamental rules like investing regularly, with a disciplined approach, and for the long term.
This might sound boring and often repeated advice, but Patience and Discipline are skills that very few people have.
These two skills can simplify your investing journey and can make you a successful investor.
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