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Monday, October 25, 2021

A Lesson from daily life about staying in the game!!!

 A Lesson from daily life about staying in the game!!!


I'm presently in Ranthambore Wildlife Sanctuary.

We've been here for 2 days and visited the sanctuary multiple Times to site the the fabled tigers.

Despite spending 5 visits we could not sight any stripes.

This last evening we finally booked our last visit to make one more attempt and randomly opted for one zone. However again we did not sight anything and were returning quite crestfallen.

And as we exited the gate of the century sanctuary we spotted this beautiful beast casually coming out of the overgrown bushes.

It did its routine of stretching and bending and turning and walking around on the road in full view of the the vehicles who cared to wait.

After blessing us with his company for 20 odd minutes it again moved away into the dark which had come over by now.


It is same about life and it is same about the market. Just when you will finish every iota of the patience that you had and would about to quit- the market will jump and give you the most spectacular returns covering for all the years of non performance.

Only thing that you will not know is the length of the patience that is required..

It is for such Times that the elders have advised that always invest in small steps continuously and consistently till you have copious supply of funds when it supply ceases...

And you need the money... Then you start withdrawing consistently and continuously in small steps. Almighty has given your profession when any big ticket purchases in the middle can be adequately met by your salary itself.

So help you God.

KEEP EVOLVING

 Though few of us try to advise on queries from members, it is based upon our experience.

It is possible that during the process and in time they discover some other observations .

They should try to share them on this group for the benefit of others because likes everything in life... Field of personal finance also keeps changing...

E.g. earlier e used to treat new deposits and accounts as sacrosanct and interest in them.

But now there are so many restrictions wrt NRE accounts that it doesn't make any sense in operating through it --so adopt NRO instead.

30 years ago NRIs were given all the liberty, but now the status is more of a leadstone than a milestone.

So adopt strategies which multiply your wealth rather than stick to that tax free status.

In modern India the word TAX is not something to be scared of so do not restrict your imagination by the fear of paying taxes of otherwise it can lead you to a proper path of adding to your wealth.