The way we conduct ourselves in real life has a lot to do with what we’ve learnt from our parents, and especially from our grandparents.
In fact, the best memories I have of my childhood are of the nights spent with my grandmother who told me stories of the kings and witches, of what made people good and what made them bad, of the importance of forming good habits and the harmful effects of walking the wrong path.
You must have had the same experience.
Anyways, why I’m telling you all this is to show how our influencers change when we are dealing with our real lives, and when we are dealing with our stock market investments.
Now see this…
I’ve heard numerous stories of remarkable, highly-educated people who spent years and years to succeed in their careers (by believing in what their grandmothers had taught them), only to lose all their savings in a stock market crash (by believing their stock brokers, analysts, and tipping friends).
Most of these people lost out simply because they got way too greedy (during bull markets), and way too fearful (during bear markets)…something their grandmothers would’ve hated to see them doing.
See, dear investor, it is very easy to get influenced by someone promising to make us rich, and that too fast!
But always remember, your grandma’s lessons carry the same weight now as they used to when you first listened to her moral stories.
You’re so successful in your career just because you followed the art of living that she taught you. Now if you want to learn the art of successful investing, go back to her lessons.
After all, grandma knows best!
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In my case it’s my Mother 🙂 Thanks.
Vishal Khandelwal says
Thanks for your comment, Prashant! 🙂