well, this is my first post in this blog :) and i have pondered over the last 2 weeks on what to write in this first post..
In this blog, I would like to share the information which i read and which i use for my modest investments.
And when it comes to investments(mainly stock market), it would always be good to remember the below 2 points.
1. Always take input from others with a pinch of Salt.
It doesn't mean one should not seek advice from others. It only implies that one should get advice from others and make sure to be the final person who weighs the pros and cons in following that advice.
2. Follow the below Warren Buffett golden rule.
"The first rule is not to lose. The second rule is not to forget the first rule."
Because as per simple math, if an amount decreases by 20%, there needs to be a 25% increase to bring the amount back to its original value. So it's not always one to one, when something goes down and need to come up.
will write about ULIP in my next post.
No comments:
Post a Comment