Let us use exercise as an analogy. You want to get fit just as you want to get rich. You see your trim and tanned neighbor heading out for a jog one day and start giving serious considerations to taking up jogging. You call up a doctor and ask him – What is your take on jogging, can it make me fit? I believe the good doctor would be just as flustered as we are. Jogging is a good form of exercise no doubt but it is hardly suitable for everyone. An individual who just had knee surgery would do better going swimming or opting for lower impact sports. An elderly individual who has not exercised for a long time might want to try brisk walking first to prevent straining the heart. A heavily expecting lady might want to delay jogging until after delivery. The doctor will not be able to comment unless he or she knows your circumstances. Just like it is not fair for us to recommend a stock or an investment unless we know all about you, your current portfolio composition, your risk appetite, your time-frame and your investing goals. Apologies to one and all who have tried to seek our opinion on stocks. We hope this explains. Just as we do not disperse advice flippantly, you should not be accepting advice from just anyone. No one can possibly know yourself better than you do. Every individual has his or her own unique circumstances when it comes to investing. Each individual brings to the market his or her own strengths and weaknesses, fears and concerns. Some cannot take it when stock prices fluctuate, others get impatient when prices do not move. Your investments are counting on you.
Posted on: Wed, 12 Mar 2014 13:15:18 +0000
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