Gandhigiri and stock market investment: Know these Mahatma Gandhis teachings to strengthen your portfolio
The father of the nation, Mahatma Gandhi, has left behind a lot to learn from his teachings. His principles and sayings can be incorporated by the investors and traders in their investing habits for better returns.
Nivesh ki Gandhigiri: The nation is celebrating Gandhi Jayanti on Saturday, October 2. The father of the nation, Mahatma Gandhi, has left behind a lot to learn from his teachings. His principles and sayings can be incorporated by the investors and traders in their investing habits for better returns.
On the occasion of Gandhi Jayanti, Anil Singhvi, Managing Editor at Zee Business, explains a few of the teachings of 'Bapu' which can be used by the investors and traders to strengthen their portfolios.
1. Balance trust with logics, do not trust blindly (Vishwas ko hamesha tarq se tolna chahiye jb vishwas andha ho jata h to mar jata h): Do not have a blind faith on someone. Use your brain and logics to take any decision, said Anil Singhvi. He explained this by giving an example that in market, it is said that invest in a share and forget about it. But this cannot happen, you cannot forget it, neither if it gives you profit nor if it gives losses.
See Zee Business Live TV Streaming Below:
2. Do not have overconfidence on your knowledge (Apne gyan par jarurat se jyada yakeen karna murkhata h mazbut aadmi kamzor ho skta h aur sbse budhiman galti kr sakta h): The market expert says that a person who feels he knows everything and a person who does not want to do anything, both are wrong.
He explains that in stock market, someone who do not know anything can also read it correct, while an expert can go wrong. It is important to know who remains correct consistently for long time. He further added that this is why he says not to say "See.. I had told you this earlier" as in market you are lifelong a student.
3. Learn to get up after a fall (Ho sakta h hum thokar kha kar gir pade par hum uth sakte h): Do not run away from your fall or failure, said the market expert. If you will run away, you will lose both the money and experience. He also advised not to trade in a way where you lose all your savings and money. You have stoploss to protect you from huge losses, he said.
4. The Universe gives you immense to fulfil your needs, but not your greed (duniya hr kisi ki jarurat ko pura krne k liye paryapt h lekin hr kisi k lalach ko pura krne k liye nai): The market expert said that there are two main emotions in market that is greed and fear. We need to win over these two emotions and keep it aside while doing analysis to achieve something good. When the market falls, instead of getting afraid try to look for growth opportunity and when the market rises stay alert and cautious, he added.
5. Your future depends on your present actions (bhavishya is bat pr nirbhar karta h ki aaj aap kya kr rahe h): Anil Singhvi said that when you invest do not think that you have done so for earning and profit instead think that you want to become a partner of the firm you are investing in. When you will buy the shares of a company thinking about the partnership then you can get good profit. Secondly, do not buy shares for yourself but for your next generation, he said.
6. You become what you think (Vyakti apne vicharo se nimrit prani h wo jo sochta h wahi ban jata h): The market expert explains if your thought process is positive then you will always have a smile on your face but if you are stressed then you will also spread stress to others.
So, you need to know who you are and what you think of yourself. You need to know if you are a trader or an investor. He explains it with the example of paying cricket and says that everyone cannot play 20-20, one day or test series.
7. It is possible that you do not know the outcome of your deed, but if do not do anything you will never get the result (Ho skta h aap kabhi na jan sake ki aapke kam ka kya parinam hua lekin yadi aap kuch karenge nahi to koi parinam nai hoga): The market guru says that if you will not take any action then there will be no result. You need to buy shares, stay for the long term, take risk then only you will benefit. If you will not do these things, then you will not achieve anything. So do not think of the result and take action, he said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.