If you have a loss in your portfolio, stop analyses of the market and take the following steps

29^th June 2019

If you have a loss in your portfolio, stop analyses of  the market and take the following steps

Dear Fellow Travellers,

Greetings from Hitesh! Our post on - What is the right way to take a decision for investments or in life? – was super hit. Thanks, a tonne to all the readers for making it the most circulated. While I was thinking about decision-making pattern of normal guys – I realized the mistake of the western concept of Psychological Analyses and their inherent mistakes.

How WESTERN PSYCHOLOGICAL ANALYSES started?

If you go back 120 years – the guru of Psychological Analyses – Sigmund Freud was working. He had made many conclusions about a HUMAN being. His main source of Analyses was his patient / Mad and Neurotic persons/prisoners.

All his conclusions and conclusions of the followers of the FREUD theory were depended on ABNORMAL PEOPLE or UNHAPPY PEOPLE. They were right and they may be 100% right in current situations also as long as they are studying those people.

What is the missing link?

If person influenced by WESTERN PSYCHOLOGIES says – All are Selfish / All are SEX oriented / All are GREEDY / All are cheaters and so on and so forth – their conclusions are coming from the study of ABNORMAL/UNHAPPY PEOPLE.

He would find it difficult to agree with somebody who says HUMAN beings are the most beautiful – non-selfish – always giving – straight forward – honest. This analysis is done by the people who are at the TOP. This is an INDIAN VERSION of the HUMAN BEING. India had done these conclusions about HUMAN BEING during its golden period.

When a NORMAL PERSON GETS TIME TO THINK?

When a normal guy faces some losses / some health issues/issues in matrimonial life/issues with business partners – his brain stops. He goes into depression and he is frustrated with the world around him. He dislikes / distrust each and everybody around him.

He / She is also making the mistakes of ANALYSING abnormal situations. All his conclusions will be negative as he is seeing the world with a NEGATIVE frame of mind and he will take wrong actions based on these conclusions. When you take wrong actions – you can never have the right results.

Am I saying – you should not analyze the mistakes or situations?

No. I am saying when you have suffered a major setback in terms of money/health/relationship – that is not the time to do the analyses. Your mind is weak at this point and all the conclusions of weak minds will lead to a further downfall in your situations.

What is the way out?

Kabir had given a beautiful advice. 

dukh me sumiran sab kare

sukh me kare na koi

jo sukh me sumiran kare

toh dukh kaaheko hoy

This is self-explanatory.

In 7 habits of highly effective people – Mr. Covey gives the second habit - Mr. Covey says – BEGIN WITH END IN MIND - see the end first before you start your journey.

Buddha used to follow this technique for all his disciples. He used to send all his disciples in the CREMATORIUM for first 3 months. The job was to sit there and see what is happening. The disciple will see all kinds of people come to the CREMATORIUM – King / Businessmen / Poor / Patient / Thief and Priest as a dead body. He sees that ALL ARE ENDING in the ASH. This was the most powerful lesson. Thanks to this technique and other methods – BUDDHA traditions have seen most enlightened people over the last 2500 years.   

Now, you may say – we missed doing this. We are in the soup now? What to do?

A person who is suffering now – may say – boss, you are right. I missed following what KABIR, COVEY or BUDDHA  said? What to do now?

I have simple solutions – go back to the first day of your investments. On the first day - You must have some dreams / some goals / some aspirations and tonnes of ENTHUSIASM. Remember that. I am sure when you remember those moments with 100% honesty to yourself – you will feel happy about your starting of the journey. You will be able to re-connect with your purpose. Catch that moment of happiness and ask yourself – do you still want to achieve those dreams/goals? How important it was – on the first day – to achieve your goals? Are you still committed to those goals as on today? If you leave as a failure now – what will happen to your SELF IMAGE?

What is my experience of the results of the above questions?

Those who had come to the market – assuming that this is a cake walk – will not have any goals or genuine purpose and if they ask with 100% honesty, they will realize that they were EMPTY within and they wanted to fill them or prove others with success in the market. These kinds of people will leave the market with a negative conclusion. Since they were not committed from day one – they will get lured to the market in next TEJI and they will repeat the same mistake.

But the persons with GENUINE purpose will look out for the ways to improve his present conditions with the enthusiasm of the first day. These kinds of people become the most successful going forward.

What will be your IMAGE of MUMBAI, if you are a Tourist?

Say you are a TOURIST and a guide takes you to the DHARAVI area. Nowadays – DHARAVI is a famous tourist destination for FIRANGI travelers. You will say Mumbai is full of Poverty / Dirt / Unhygienic and Unhealthy.

Now, a guide takes you just 2 Km away in Jio Garden Area of BKC. You will see BANK OF AMERICA / US EMBASSY / Prudential and other MNC companies’ buildings. You will feel as if you are in MANHATTAN.

DHARAVI and BKC are the two sides of the SAME MUMBAI. So, your success and failure are the two sides of you. If you have faced failures – it means you have yet to see your successful side. You can see the same – provided you turn the coin. It’s not 2km away. It’s here and now. It’s within you. You just have to look within.

What NEXT?

In recent times – the world’s richest person JEFF BEZOS follows COVEY. He calls it DAY ONE TECHNOLOGY. He asks all his team members to face each day as if this is the first day.

Steve Job used to follow BUDDHA Technology. He used to ask – if today is the last day of my life – what will I do?

In both the way, you will get the same results – SUCCESS and only SUCCESS.

We are starting JULY from Monday. If you need help in investing or dealing with personal issues, you can approach us.

Have a HAPPY WEEKEND.

Follow me on Twitter @hiteshmparikh / WhatsApp - +91-9869425399.

Live With Passion…Invest With Passion.

Hitesh Parikh.