Role of INSPIRATIONS, IMAGINATIONS in Your INVESTMENT SUCCESS

November 17, 16

Role of INSPIRATIONS, IMAGINATIONS in Your INVESTMENT SUCCESS

Greetings from Hitesh! There is a gloom in the heart of normal guys due to sudden decision to demonetize Rs.500 and Rs.1000 notes. They are all made to stand in the line outside BANKS and ATMs compulsorily for few thousands of their own money. OPTIMISTICS are seeing this as a pain necessary for a BETTER INDIA. SKEPTICS are seeing this as a GAME ahead of the UP elections. OPPPORTUNIEST see this as an opportunity to earn tons of money. Only time will tell who is right or who is wrong. So, let us talk about INSPIRATION First.

INSPIRATION:-

Thanks to the real big bull Mr.Harshad Mehta whole India was inspired by the stock market and the mind blowing returns one can make in the shortest possible time. He was the only person who inspired persons driving Premier 118NE to Paanwala. Since then many would have inspired you to take a plunge into the stocks. Current ICON is Mr. RAKESH JHUJHUNWALA

Both have reached from the BOTTOM to the TOP. So, if you have hit the BOTTOM due to DEMONETISATION – do not lose HEART – you have a SHARE MARKET LIFT to take you up to the TOP again. So, Inspire yourself.

IMAGINATIONS:-

They say IMAGINATION is more important then knowledge. Imagination is the highest kite one can fly in the sky of life. STEVE JOB first imagined the IPHONE then only he could develop the hardware and software. So, KNOWLEDE follows the IMAGINATION.

Once you are inspired by RAKESH or BUFFETT, you start imagining that if you also invest, you will be making fast money, isn’t it?

But wait – you need a solid foundation of KNOWING INVESTMENTS. Somebody has said…if you have build the castle in the air, do not waste your efforts just put the foundation beneath it.

So, let us build the foundation:-

INVESTMENTS:-

Curtis Faith of TURTLE TRADER FAME had once said  “In investing and trading, the vast market consists of amateurs….

1.   Who are looking for magical answers to make lots of money quickly and with little risk.

2.   They want specific ideas.

3.   They want to be told exactly what to do.

Those looking for such things will not find them. They will not be successful as long as they continue to favor the easy over the truth.”

What is the TRUTH in INVESTMENTS?

Jesse Livermore had said “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”

What Market Promises?

1. It promises a playing field, not the game.

2. It promises to reward risk, not proportionately.

3. It promises opportunity, it does not promise profits.

4. It promises a lesson, not learning.

5. It promises that the quality of indicators and analysis is proportionate to quantity of participants, not quality.

Most FLY BY NIGHT Investors will not like what I have said above but I think it is important that we all must know the TRUTH before we invest. READ THE ABOVE FIVE PROMISES as many times as you can. Same goes for LIFE.

What You Should Do BEFORE You INVEST?

1.    Know The Game:- Investing is the most difficult of games: nowhere else does one begin a career by opposing the world’s most accomplished professionals. So, you need to master the rules of investing. If you have no patience and time to know the rules and practice them, you will not be successful.

2.    Understand The Risk:- RISK is the possibility of loss. That is, if we own some stock, and there is a possibility of a price decline, we are at risk. The stock is not the risk, nor is the loss the risk. The possibility of loss is the risk. As long as we own the stock, we are at risk. The only way to control the risk is to buy or sell stock. In the matter of owning stocks, and aiming for profit, risk is fundamentally unavoidable and the best we can do is to manage the risk.

1.    Explore the Opportunity:- Success is the point at which talent and skill meet opportunity. So, explore all the opportunities. Realize that not to invest is also an investment decision.

4.   Make Learning A Habit:- Analyze your trades past 3 to 5 years, it will give you base for your learning. Ask yourself, why did you do particular trade? Was it based on logic, facts or tips? If you continue to do what you have done in past 5 years, where will you be in next 5 years?

5.   Follow the Indicators:- The market tells the truth, but often there is a lie buried in the human interpretations. Surrender to the truth and not to your opinions. If you follow what I have said, I am sure you will have a solid foundation to realize your inspiration and imaginations to make big money in Investments.

Wish You All A VERY HAPPY INVESTING.

Live With Passion…Invest With Passion.

Hitesh Parikh.