Investment planning: Avoid jumping on the bandwagon

Investing money successfully and efficiently is a very tricky art to master. In a cricket match, when stalwarts like Sachin Tendulkar, MS Dhoni, or Rahul Dravid are batting and aiming to hit a century, no outside noise or pressure lets them sway away from their goal. Similarly, an investor has to maintain his/her cool and focus on achieving financial goals. Mumbai-based investor, author, and teacher Vinayak Sapre talks about fulfilling one’s financial longs through long-term investment and patience. He says that while investing one should not get tempted rather focus should be to remain disciplined and responsible.

“Mund Mudaya Hari Milen, sab Koee Leee Mudaay, Baar Baar Ke Mudate, bhenda Na Baikunth Jaay”- Sant Kabir Das

These words of Sant Kabir convey that one cannot achieve a goal simply by following a herd mentality.

Financial freedom means the ability to move out from the rat race and peer pressure. Sapre believes that the outside noise or market dynamics should not tempt the investor. A person should focus on his/her objectives and invest accordingly. Before making an investment, one should take the time to learn the basics about the stock market and the individual securities composing the market.