Money Costs Money!

6Aug/09Off

When there is a great fall in the Markets, People say "I was Misled". Well, we can understand that. Blaming others is normal human behaviour. But what if it was really true. And what if I say that 80% of the time it is True. Money makes people Blind. It makes them lose the sense of truth.

People read the media, watch the media and most of them choose to support the logic of the majority. In a bull market, brokers give the famous 'Tips' to their clients and earn lakhs in brokerage. They love to say that they are always right about the markets and that the markets behave according to their words. The same brokers threaten you to pay the margin in a market crash. Never rely on Tips, they are just a way of making money for the brokers. Also, never fall to the tyranny of a majority. Ask your heart, if you are thinking in the right direction or not.
Like the famous Poet Ralph Waldo Emerson said: “Money often costs too much", The quest for money makes us lose more money! How foolish is that! A serious investor must always draw a line between the real and unreal. He must be absolutely confident about how much returns he expects from a certain investment. He should also consider the risks and the downside potential. Finally, the most important thing, he must have a stop-loss decided at the time of investing. Remember, Investing is the key to building wealth, but only investing is not enough. You have to invest wisely!