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How these traits can ease investment journey
Rahul Jain, Head- Edelweiss Wealth Management says that the investment journey is never linear, more so in stock markets. At every point, you will face challenges of multiple sorts, and need to navigate them with prudence and wisdom. These characteristics help survive the test of time, make sure you remain committed to your goals, and achieve them without fuss.
Rahul Jain, Head- Edelweiss Wealth Management says that the investment journey is never linear, more so in stock markets. At every point, you will face challenges of multiple sorts, and need to navigate them with prudence and wisdom. These characteristics help survive the test of time, make sure you remain committed to your goals, and achieve them without fuss. So, what are these? Let’s find out.
If observed closely, women are more likely to research about stuffs before leaping, and investment is no different. Be it a fixed deposit or mutual fund, they try to dig deep into understanding the product before making any decision.
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In the investment world, this trait is precious as it can help you take prudent calls and stay away from potential pitfalls. There are many financial instruments offering bumper returns on whom regulations are ambiguous. Before investing in them, you need to do adequate research to ensure not getting caught off guard.
Whether you want to pour money in a new stock or a corporate fixed deposit, make sure to conduct an in-depth study about the company, its corporate governance model, and balance sheet. Don’t get lured by high returns and invest blindly.
An essential ingredient to success, women are astoundingly patient and calm in challenging situations. This is crucial to navigate a crisis and emerge as a winner. This characteristic becomes all the more vital in market-linked instruments where volatility is inherent.
If you have made a fundamentally-sound investment, short-term volatility shouldn’t deter you from exiting your investments. If done, you are more likely to convert your notional losses into actual ones. Last year, several investors spent little time but to exit when stock markets nosedived due to the COVID-19 pandemic.
However, markets rewarded those handsomely who didn’t quit and braved the chaos a few months down the line. Patience will prevent you from making a rash decision and ensure you remain committed to your goals.
Willingness to Learn:
Learning is a constant process, and the most successful investors always try to learn something new or other. Women, on many occasions, have displayed this all-important attribute, and it is perhaps one of the major ingredients behind their investment success.
They are always on the lookout to learn new things and lap up opportunities coming their way. For example, the Blue Bindi Project launched by Edelweiss Wealth Management to empower women financially has received a great response.
The objective of the project is to enable women to create, grow and protect their wealth. Since its launch, it has made a significant difference in the lives of many women who were earlier hesitant to invest because of a lack of understanding of financial concepts and instruments.
Arming yourself with the requisite knowledge can help you make prudent investment decisions, mitigate threats and avoid acting under impulse that can have long-term consequences. It also helps overcome investment biases that act as a deterrent in the wealth creation journey and pulls you back.
On most occasions and in several matters, women take a long-term perspective. In short, they look at the big picture. This is vital to maximising gains, particularly from equity investments. Note that equities are volatile in the short-term.
However, the quantum of volatility comes down significantly when you remain committed for the long haul. Markets go through various cycles and only with a long-term approach can you help you ride the crests and troughs with ease.
Lastly, women have diverse skill-sets. They can juggle seamlessly between different roles with equal flair. The ease with which they can mould themselves as per the situation makes them truly special. Notably diversification is one of the core tenets of investing that provides stability to your portfolio and balances risk and reward.
Imbibing the attributes mentioned above of women can make your financial journey fruitful and help you ride choppy waters with ease.
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