We aim to provide you a few quality tips or we can say the pearls of wisdom which can help you to maximize your wealth as continuous progressive education can definitely make you a better trader
1) Bonds are for storing wealth and equities are for the creation of wealth.
2) In my opinion, the biggest asset one can have is zero debt
3) The greatest discipline in personal finance is living below your means.
4) As Ben Carlson says, emotions cannot be backtested. That’s why the past bear market always looks like opportunities and future ones scary
5) Early financial independence and early retirement are completely different. To me, the former is a blessing and the latter is a curse.
6) Don’t think how it would have been if you’ve started 10 years ago. Start today and visualise how you would feel 10 years from now
7) The neighborhood we live in determines our lifestyle & spending. Need to be careful in choosing one which matches our goals and personality.
8) Paying a minimum balance regularly on a credit card is the maximum sign that you’re getting into a debt trap.
9) Many are long term investors till the next bear market
10) Don’t take aggressive bets. Take the measured risk. Remember one blunder can push you back by a decade or more in terms of wealth
11) Big money can be made through high savings, wise investing, and lots of patience
12) Trying to get rich fast is a foolproof way to lose what we have.
13) Losing opportunities is far better than losing money. Don’t invest in fads.
14) Making as much money as quickly as possible is not an investment strategy. Unfortunately for most of us that is the strategy.
15) Aggressive strategy cannot be a substitute for high savings. Save high and take moderate risk than saving less and taking a high risk.
16) The day we realize that not losing is as important as winning; we would stop blindly chasing returns.
17) Good periods are more than bad periods. By not timing, though we go through bad periods, do not miss even a single good period
18) We’ll stop looking for quick money the moment we consider stocks as businesses and realise that our wealth grows in line with business growth.
19) There are periods of high returns, low returns, no returns, and negative returns. We need to go through all these to get long term returns.
20) Listening to market forecasts is not only useless but can be very harmful too; if you start acting on them.
21) The hard truth is only around 3% of our population are in a position to aspire for financial independence. Don’t waste this rare privilege.
Get the best intraday tip or Bank Nifty option tip to start making money in the stock market.