“The future depends on what you do today” is one of the famous and most appropriate sayings by the Father of the Nation- Mahatma Gandhi. Since it is the time, we are set to celebrate Father’s Day, it is imperative to remember the Father of the nation and 7 secrets investments lessons he has taught us;
- THINK LONG TERM
While Gandhi’s effort with the Civil Disobedience movement or other nation-wide movements did not seem fruitful initially or in the short-run but later on with a combined effort created a magnificent impact and led British out of the country.
Similarly, while you manage your investments it is very important that you align your investments with your long-term goals and think accordingly.
- NO STEP IS TOO SMALL TO TAKE, JUST MAKE SURE IT IS A STEP FORWARD
It is not necessary that you need a lump sum amount of money in order to start an investment. SIP is the new way of investment which allows investors to start small (you can start investing with Rs. 500 even) and pays installments on a regular basis which can be fixed as per suitability.
Like Gandhi Ji, even a small start can trigger masses and convert into a huge movement. Get going even if you think you have an average idea, all it needs is a small start.
- MENTAL STRENGTH MATTERS A LOT MORE THAN SKILL AND TALENT
Leading a mass movement like the Civil Disobedience movement or the Dandi March needs a lot of mental strength and self-confidence. Similarly going through a crisis phase while the markets are hitting a low need a lot of mental strength and self-belief.
There have been cases of a lot of investors who panic during tough times and tend to sell off their shares. Here is where patience and perseverance come into the picture.
Determination is synonymous to mental strength. Determination and persistence are key to building wealth. Stay focused and aim towards your investment goal. Mahatma Gandhi had his own set of distractions while leading India to freedom like Pakistan, distress within Congress party and a progressive World War II.
A strong will and determined mind can do wonders nothing can replace.
- BELIEF LEADS TO ACCOMPLISHMENT
Nothing can limit you but your own self. Mahatma Gandhi is known for pushing his limits for the better. Be it a hunger strike or movement or leading the masses or even pushing other’s limits, he has always led by example. If you believe you can do it, there is no force in the world that can stop you. Mahatma said, “A man is but the product of his thoughts; what he thinks, he becomes.” Mahatma Gandhi’s biggest belief was to see India free and he made sure that happens.
If you believe something, work towards accomplishing it.
- HUMILITY AND SELF-RELIANCE ARE IMPORTANT
One small phrase he always said, “Swaraj is in self-reliance.” He always preached self-reliance and his simple living was evident in his humility. As the legend goes, markets are always smarter than investors. Hence it is very important to stay grounded and maintain humility at all times.
Always believe in yourself and what you have researched rather than relying on hear-say.
- GREED IS BAD
Mahatma always said, “there is a sufficiency in the world for man’s need but not for man’s greed.” Once you have started investing in the markets aiming towards your goal, make your best effort towards achieving it and once you have realized the goal make sure you redeem your funds.
It is important to time the market and exit at the right time. Do not be greedy about making extra profits. You can always reinvest the money if you want to.
Following these sayings said by the Mahatma, you can be a wise investor. Always remember that no investor is perfect and you can only move on by learning from your mistakes and being self-reliant like the Father of the Nation.