Do you show Urgency to Save Losses or Urgency to Maintain Profits?

 9^th May 2022

Do you show Urgency to Save Losses or Urgency to Maintain Profits?

Dear Fellow Travellers,

Namaste! Early in my life my business Guru taught me one important lesson – “Whichever area of your life you focus on, it will see a drastic increase”. Over the years – I have done a couple of surveys with my blogs and studied the responses of the readers. This post is on the ATTITUDE of normal people. It is said – “your attitude decides your altitude”. One of the ways to look at the focus of the normal people is to look at the advertisements in the market.

Typical Advertisements in the Markets: -

1.   All health and wellness companies are trying to hard-sell their products with top-notch models/heroes or sportspersons.

Compare this with the advertisements by your local doctors or hospitals. You will find they are not spending money on Ads or spending very less.

2.   Look at all the insurance companies – general and life – they are spending tons of money to attract you to buy their policies.

How many Chartered Accountants or Lawyers are doing their advertisements?

3.   All Banks / NBFCs and Credit Card companies are doing advertisements to lure you to take loans and enjoy the products.

How many collection agents are doing their advertisements?  

4.   Tons of successful coaches do their advertisements to invite you to their seminars and coaching classes.

 

How many psychiatrists do their advertisements?

What is the point I am driving?

The focus of the normal people is to SAVE LOSSES and not to KEEP their SUCCESS ALIVE. They have to be convinced to buy a product or services which can keep them successful or add to their success in the future.

I have found that people approach me for astrological guidance when they are in soup and they think there is no other way to go. They are ready to do whatever I say to them. The same people will not spend even Rs.100, if they are not in any trouble. In fact, they will say – I don’t believe in Astrology.  

Many investors after suffering heavy losses based on TIPS comes to me with the question – what to do now? The same person is not ready to join me in educating himself to become a seasoned investor.

Difference between Successful and Not so-successful person: -

If you think you are successful and want to remain successful – I have the following suggestions.

Make all efforts to maintain your success. Say you are an investor – then there is only one way the money can come from an increase in prices of your stocks or trading. But losses can come from Ukraine / China / Pakistan / Oppositions / Natural calamities / Death / emotional setbacks / corporate performance / cheating by fund managers/ your broker going bankrupt and many other reasons.

In order to become a successful investor and remain a successful investor – you must focus on all and many of the above reasons depending on your investment objective.

You will be required to spend money and time monitoring all the above factors. If you see these as expenses and avoid spending the same – you will repent when you incur losses. In fact, there is nothing you can do to save losses after they happen.

What is my GURU taught me?

If you do things you don’t like to do, you will get things you want.  E.g. I don’t like to get up early and go for walk or exercise, but if I develop the habits – I will enjoy good health.

If you don’t like to spend money on investment consultant / astrological guidance in normal cases, you will have to spend tons of money when you are really in the soup. The major problem when you are in soup is – you will have no money to pay them or follow their suggestions.

Long back – my mentor ZIG ZIGLAR taught me – “If you spend money on anything, you don’t incur expenses. You enjoy the benefits.”

What NEXT?

KABIR had said – "Dukh Mein Sumiran Sab Kare, Sukh Mein Kare Na Koye, Jo Sukh Mein Simran Kare, Toh Dukh Kahe Ko Hoye." Meaning: "During suffering, everyone prays to the Lord, but when experiencing happiness, we forget to thank God.

It’s obvious to show urgency while you are in pain or loss. Show urgency when you are in good times and profits.

Maintaining success or becoming successful is an art and we call it – Destiny Management. If you like our approach, you can approach us.

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

Learn a Lesson. Live with Passion & Invest with Reason.

Hitesh Parikh.