Should Your INVEST NOW? Quality of Questions ASKED NOW Decide Quantity of Wealth in 2017 and beyond

November 16, 16

Should Your INVEST NOW? Quality of Questions ASKED NOW Decide Quantity of Wealth in 2017 and beyond

"You can tell whether a man is clever by his answers. You can tell whether a man is wise by his questions." Naguib Mahfouz

“Your Questions Decides Your Decision and your Decision Decides Your Destiny”. Anthony Robbins.

The Power Of Questions:-

Let us see the pair of questions and how it impacts your Investments….

1.   What is my goal for investment? V/s. How much return I can earn? :- First will lead you to assess your goals with the realty of the situations. You will take actions only when you are sure that you will achieve your goals. Stephen Covey in his master book… “7 Habits of Highly Effective People” calls this as an inside out phenomena. In second question, you will take actions based on some TIPS. If somebody promises a 100%, whether or not it is possible you will invest and lose ultimately. First leads to Strategy while in second you just succumb to greed.

2.   How Can I Profit From The Current Market ? V/s. Why Should I Invest In Current Market? : - First question will motivate you to take control of the situations and profit from it. You will look for opportunities. The second will lead to non action. In the first you will have positive bend of mind to look for opportunities while in second you will see the threats…mostly projected and you will miss the game.

3.   What has happened in the past when market went down? V/s. Should I invest when market is going down? :- First question will give you the broader picture of the market. It will also make you realize that smart investors were buyers during all the falls and they made the best money when the market came up. Second questions will lead to fear and fear leads to non actions. No action, no money!!

4.   What are the rules of the investments? V/s. Why should I follow the rules? :-You play any game and you have rules…e.g the first and foremost rule to profit from investment is “Buy When Others Are Selling”. When you follow the rule, you are obeying Mr.Market and Mr.Maket will give you reach rewards for obeying him. When you ask the second one, you are not ready to follow the rules, you are not concerned with Mr.Market….so, Mr.Market will also have no concern for you!!

5.   Why smart Investors are buying now? V/s. Why FIIs are selling now?From 1994, (when FIIs where allowed to invest in India) to till date, I have observed one unique trend…every time when market goes up….our domestic and institutional investors are sellers and every time when market goes down FII are selling and these guys are buying…have you seen LIC keeps on buying every time market falls? When you concentrate on the first, you will realize that they are following the basic rule…if you go with the second, you will have no rules to follow.

6.   How an Investment consultant can help me? V/s. Why should I appoint an Investment consultant? : - If you ask the first question, you will do your SWOT Analysis and go for right kind of consultant. Have you seen every big investors have their own consultants…Mr.Warren Buffett follows Mr.Munger, Mr.Rakesh follows Mr.Damani Sr.. Take any sport person…they all have their coaches!! When you ask the second question…you believe that you know everything or you are greedy to save on fees. In such a dynamic market it is not possible to know everything and with greed you can save few rupees but you can not earn big money !!

The list of questions can go on. The point is that you think and ask right questions before you invest. I would like to close this letter with a beautiful story which Mr.Warren Buffett always tells….There was a guy with a dog….other guy went to this guy and asked…does your dog bites? The first guy said,  “No”. Second guy started playing with the Dog and the Dog bites. This guy asks the first guy…you told me that this Dog does not bite…the first guy replied…  “Yes. But Dog did not!!”

Moral of the story….ask right questions to right persons.

What NEXT:-

If you are RELYING on MEDIA EXPERTS for investments, you will also have a situations like above man who was playing with a DOG of other guy. (MEDIA GUYS always give CONDITIONAL ADVISE).

  

Live With Passion…Invest With Passion.

HITESH PARIKH,

YOUR PERSONAL DESTINY MANAGER.