Are you thinking about starting investing in shares???
Have you tried it but failed???
If your answer to above questions is YES, you must read this article.
A value investor always insists to start investing early in life. It sounds interesting but very tough to follow. Many people have their reasons of not starting the investment. Below are the reasons which normally people state:
a.) I don’t make enough money: This is a very common reason which one states for not starting investment. Their belief is if you have to start investment, you need to have a huge amount of money. Some say if they invest huge then only they can make impact in the market and by this way they always delay the investment.
b.) I don’t want to make sacrifice: Today’s young generation waste their money in non important physical things for shot term enjoyment. They live their life at fullest without caring about saving and investing or in case they are saving then they dont try to reduce their expenditure so that they can save more and then invest.
c.) I failed once: Many of us leave investing after facing the failure in investment. In spite of learning from that experience we stop our investment.
d.) I don’t know enough: Many people have a notion that they 0.dont have enough knowledge about share market, mutual funds and any other investment tools. If you ask them have you tried learning it? have you tried Google-ing it? They dont have any answer for this. They want to get good returns without any hard work.
e.) I don’t have enough time: People might have enough time to watch TV serials or movies but its very tough for them to get time for investment. If someone tells you that you can win a prize of millions of rupees if you set aside an hour every Saturday, you would do it but for investment you would not want to.
Instead of citing the above or any other reasons for delaying investment you should apply the below practices in your life:
i.) You get nothing for nothing: To get something in the future, you have to do something now. It is what it is.
ii.) Time is everything: If you can start investment with 1000 bucks (believe me you can), you should. You will give more time to your money to grow. Value investor always believes to start the investment without delay. In fact its better to start from small money so you can learn with time.
iii.) Patience is essential: As Warren Buffett says ‘Investing is like planting a tree — nothing happens overnight‘. You have to be patient if you want to earn good returns.
iv.) Perfection is not required: Nobody is perfect, even Warren Buffett did mistakes in his track record of investments. Lately, he made big mistake in his one investment named- Tesco and he accepted it on public forums as well that too quite humbly. Like him we must accept our mistakes and learn from them.There is nothing bad with making mistakes but we should learn from them and for making mistake we have to start investing.
v.) You can learn: In today’s time we have lot of free stuff available at one click which you can use to learn the basics. Investment is not a rocket science, anyone can learn it. You just need to put in time for the same.
v.) Its never too late: One can start at any age. Age is no barrier in investment.The moment you feel is the right time for investment- DO IT!! There is no right time for investment.
The key to success, though, is the old Nike slogan: “Just do it.”
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