How Borrowed Idea Can Impact Your LIFE and INVESTMENTS?

February 1, 2014

How Borrowed Idea Can Impact Your LIFE and INVESTMENTS?

Greetings from Hitesh! Hope you would have just ended a roller coaster week in the market. In responses to our last email, almost everybody agreed that they should love more to their spouse!! But, what is the reality? Today also I am taking up one such subject. I am sure it will give you some food for thought.

The New Ritual:-

Irrespective of ones religious belief……in the age of Google….Cut, Copy and Paste has become the Ritual of the day. Anything you need….just search, cut, copy and paste. The work, the presentations or almost any other thing you need its done in minutes.

How Does a Normal Person Live?

How to do marriage? Where to go for honeymoon? Which hospital to go for delivery? Which nursery / Which School / Which Line of Education / Which College / Which Career / Which Company To Work With / Which Hotel To Go / How To Eat / What To Eat / Which mobile to Use….this is a very small list…..almost everything a normal person does….he tries to borrow the ideas from people around him and just do the cut copy and paste.

After doing all these things……he talks about Independence and Standard of living!!

What pains me is not that somebody is doing this; the real pain is just that he is living somebody else’s life!!

How Does This Guy Do The Investments?

When he comes to the field of investments……he is sold the idea of Mutual Fund, SIP, Insurance, Retirement Planning, Bank Fixed Deposits. For risk takers….they offer F&O Trading, Commodity Trading, Investments and Trading on Margin Finance. For people with large ticket size, they offer him Real Estate, Farm House, Holiday Home etc.

Our normal guy sees that everybody is doing combinations of these things…..he just joins the game. Where is the time and capacity to think?

Lessons from World Economic Forum, Davos:-

Last week there was World Economic Forum in Davos. The one thing that media talked and talked was….some 85 odd people in the world have financial power equivalent to 50% of the world populations. To put in perspective, wealth of 85 people equal to 3.6 billion people of the world!!

My Observations:-

Let us assume, you are one of these most priviledged 85 guys……will still you invest in Mutual Funds / SIP / Bank Deposits / Retirement planning / Commodity trading / Margin Finance etc. ?

Now try second question…If you are not one of them and if you aspire to become like them…can you become like them by investing the way you do it now?

Now, the final one, if you are not ready to do what they have done….and if you remain in 50% of the populations….can you blame them for their success?

Cut, Copy and Paste is as old as human race……it was there and it will be there…..but the Google made it world wide and that’s why today it’s a USD 400 bln company.

At Destiny Management, we also do the cut copy paste. The difference is….we follow this 85 guys. For us…Investments in Equity is equal to Investments in Business!!

My Personal Call:-

I like the punch line of Cadbury Bournville……

“You don’t just buy a Bournville; you earn it.” Same goes for your life and your investments!!

Wish You a Great Weekend.

You can follow me @hiteshmparikh on twitter or on Whatsapp on +91-9869425399.

Live With Passion…Invest With Passion.

Hitesh Parikh.