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A little diligence can help you master the art of investing successfully, something that every woman should educate herself on.
Art is something created by the imagination, and the belief an artist has, which he gives life to. It is his ideas taking shape into reality. An artist is imaginative and a true believer.
Similarly, every investor needs to have a vision and belief to see the results of the investments they make. To master the art of investing successfully, you have to believe in them to work for you, to be able to achieve the goals and objectives, set by you. Yes it is an art because like every art form, your investments need you to believe in them, be patient with them, give them time to grow, work on them and last but not the least, be 100% optimistic about them.
There is a lot of science and logic involved in investing as well. In this case, both science and art of investing needs to complement one another for successful results.
The science part of investments should be managed by the professionals; the fund managers and the investment consultants. They chose the best of the stocks and securities, align them to the fund objective closest they can, and lay down an array of options for you to choose from. You have to, based on your risk appetite, choose the fund most suitable to your objective of investment.
Most often we tend to not see the larger picture and either become too ambitious with our goals or take unnecessary risks, and make a wrong selection of the fund or asset class, because of limited knowledge. You need to take professional help to help you understand your risk appetite, your goals and aspirations, and help you make the right decision with respect to the asset class and choice of investments.
Once you have done all the ground work and made the necessary planning to have your investments grow, comes the art of investing. You need to nurture the investments with 100% optimistic belief and patience. You have to be disciplined with your regular SIP’s and give the investments time to grow. Trust me; the optimistic ones are the ones who last the market cycles to actually see the goals getting achieved. You have to give a baby 9 months to get delivered, so do your investments – you have to give them time to deliver results.
It is possible to just close your eyes to everything but having a positive outlook towards the future. Well, race horses are known to wear blinkers or blinders to stay focused towards their goal. When it comes to investments being a true believer and having a vision for your investments are the key tools, you need to carry in your bag, if you want to see your goals and aspirations taking the shape of reality.
Published here earlier.
Image source: pixabay
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Hi, I am Shaily Shah; after a good stint of 14 years in corporate life,
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