New Education

"The illiterate of 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and re-learn."

1) It's high time that we learn about compounding, unlearn about investing in fixed deposits for the long term and re-learn about equity investing for the long term.

2) It's time we learn about scaling up our business. Unlearn the 'old' paper based method of doing business and re-learn about technology and platforms that have made Geography History.

3) It's time we learn about selling to unknown people. Unlearn about focussing only on traditional referral methods and re-learn about brand building using social media.

4) It's time we learn about our real purpose. Unlearn the art of complicating things and re-learn the the art of simplifying things by simple easy to understand education.

It is easier said than done because it requires courage in the heart to "unlearn" and then re-learn????

Name: Bazarwiz Financial Services

Firm Name: Bazarwiz Financial Services

Mobile: 9450529369

Email: care@bazarwiz.com

Keep it simple.

Keep it simple

Wealth gets created by keeping things simple.

1) Invest regularly : like regular morning exercises builds health, regular investing builds wealth.

2) Make it a marathon : 'Being regular' is vital but what is even more crucial is being regular for very long (for 10, 15 or 20 years)

3) Knowing Less is More : What is important to remember is invariably wealth creation is inversely proportional to common market knowledge.

Just like incomplete knowledge of medicines can be damaging to health, similarly little knowledge of markets does more harm than good.

In fact it would not be inappropriate to say that one can create wealth by knowing less. The more you think you know, the higher the probability of going wrong.

This is because 'nobody' really has seen the 'unseen' and even if you guess it right once it is not sustainable. This path is fraught with failure.

Little knowledge means our wealth is at the mercy of speculative thinking.

With little knowledge we may win some battles that would subsequently get balanced by excruciating defeats.

Instead staying invested oblivious of the surrounding noise is a better strategy for wealth creation.

Start early, start small, stay invested for long, be lazy, be ignorant, stay stubbornly invested.

This is the path that leads to wealth creation.

Name: Bazarwiz Financial Services

Firm Name: Bazarwiz Financial Services

Mobile: 9450529369

Email: care@bazarwiz.com

If not in Cricket, can you be a Dhoni in investing at least

If not in Cricket, can you be a Dhoni in investing at least.

When I see people cursing Dhoni for the one run defeat against West Indies saying all kind of things such as he isn't lucky any longer, he has lost his Midas though and that the past was just like a fluke etc., I am reminded of the scores of investors who panic when the market's startle them by a suddenly correction and they react by selling off their investments.

A champion investor is like Dhoni, Kohli and their ilk who despite being in the middle of the battle zone maintains their cool and takes setbacks in their stride only to come back stronger from the experience.

So before investing, decide what kind of investor you are?

Name: Bazarwiz Financial Services

Firm Name: Bazarwiz Financial Services

Mobile: 9450529369

Email: care@bazarwiz.com

KEEP ENVY AT BAY

The reason we go so wrong in our investment is because of our lack of conviction in the investment process.

We believe that market's give return whereas returns come from the economy and are reflected in the markets.

Once an investor understands the concept of market returns and moves from Fixed Deposits to Equities, instead of being happy, the habit of looking around gets the better of him.

Not happy with substantially better returns than Fixed Deposits the investor's greed gets the better of him making him to yearn for more. 'Yeh Dil Maange More'

He begins to suffer from post purchase dissonance which makes him believe that he hasn't opted for the best solution/ product and the product owned by his friend / colleague etc is actually a better one.

Everything the other man or woman has looks perfect and all that he has simply seems imperfect and a mistake.

This kind of thinking makes him take knee jerk actions like selling out what he has and purchasing what someone else has.

Unfortunately this is a behavioural issue and does not end here and soon post purchase dissonance once again shows up.

Therefore getting too involved with your investment many a times is a recipe for disaster and a good advisor will do his job well by preventing the investor from falling prey to this behavioural disorder.

The best way to invest is to get educated, get conviction, gain confidence, be calm, stay invested and moreover stop looking at others.

An advisor, plays a vital role in controlling the emotions of the investor and preventing him or her from committing what can be termed as 'financial suicide'.

Name: Bazarwiz Financial Services

Firm Name: Bazarwiz Financial Services

Mobile: 9450529369

Email: care@bazarwiz.com