Why ULIP mis-selling has become rampant ?
Why is there so much mis-selling of ULIP? How to avoid this mis-selling? Who should take ULIP?
Indian Premier League (IPL) 2021 is in full swing and it will take another five weeks to conclude. The 14th season of the league, like in the past, has thrills, adventures, disappointments and some lessons for the equity investors. Have a look:
Dew factor and ground condition
A winning captain usually takes bowling first when it comes to “Dew-factor.” Dew is simply the presence of excessive moisture on the field that makes it hard for bowlers to grip the ball and control it. As a result, the team batting second can take advantage. A captain also consider decides for bowling or batting first on the basis of a quick or flat wicket. Likewise, as an investor in the stock market, you should also understand the company and external environment before taking any position in the company.
Use the strategic time out
In the IPL, the strategic timeout consists of two and a half minutes for each team in the innings. The bowling side can ask for a timeout between the sixth and the ninth over of the innings whereas the batting side can ask for a timeout between overs 13 and 16 over. It helps the captain to seek feedback from the team and rework strategies. It also helps in building a fresh perspective. Angel Broking in a blog said, “As an investor or a trader, you too need to take your strategic time outs. If you are just talking and thinking investments all the time then you are likely to develop a one-track mind. Take a break, rethink, re-strategise and then re-assemble.”
Take calculated risks
Delhi Capitals capital Rishabh Pant on Monday took a calculated risk and allowed spinner Axar Patel to bowl the super over. While bowling at players like David Warner and Kane Williamson, he gave just seven runs in the tie-breaker. According to ESPN, Patel said in the post-match press conference that the Capitals were planning on having Avesh Khan – who took 3 for 34 in his four-over quota – deliver the Super Over. But at the end of regulation play, Patel approached the Capitals captain Rishabh Pant and suggested that a spinner would be much harder to put away on the sluggish Chepauk surface. The assessment proved correct eventually as Patel bowled two dots, two singles, one leg bye, and one four. Therefore, calculated risk helped Delhi Capitals bring in surprise elements in the game. Likewise, whenever you can afford to take a risk, you must take a calculated risk in the stock market. This is one of the ways to become successful in the stock market.
Create a mix of team
Your portfolio and IPL team both require a risk mix of elements to get success. When it comes to IPL, it is like a combination of experience, aggression, pace and spin. It will help captains to tide over a difficult situation in the match. Likewise, your investment portfolio needs a mix of bonds, gold, stocks, liquid assets to tide over uncertain time.
Mental strength
According to Yahoo Cricket, Chennai Super Kings is the oldest squad in IPL 2021 with the average age being 30.08. The team is the only squad in IPL with an average age of more than 30. Out of their 25 players, 13 are aged 30 or more. For instance, CSK skipper MS Dhoni is 39-year-old. CSK also have the oldest player of the tournament Imran Tahir in their squad, who is aged 42. Under the captaincy of Mahendra Singh Dhoni, the team registered 60-run victory on Sunday against Royal Challenger Bangalore, whose average age is 28.18. It means that mental strength together with self-belief is important to win. The same applies in the field of investing. Right attitude with mental strength is key to win in the long run in the stock market.