{"id":6507,"date":"2014-11-26T11:38:44","date_gmt":"2014-11-26T06:08:44","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=6507"},"modified":"2020-02-10T12:36:07","modified_gmt":"2020-02-10T07:06:07","slug":"dont-be-afraid-to-get-rich","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/dont-be-afraid-to-get-rich\/6507","title":{"rendered":"Don’t be afraid to get rich"},"content":{"rendered":"

\"get_rich_fi\"<\/a><\/p>\n

It didn\u2019t need much deliberation for me to choose the title of this article; straight from the gut, if you\u2019d like to call it.<\/p>\n

Before I proceed, let\u2019s get one thing clear. We are not talking of getting rich through a lottery or inheriting huge wealth here. We are talking of:<\/p>\n

\u2022 Simple investing practices that delay gratification so that you and your family may enjoy it to the fullest later
\n\u2022 Having your financial goals fulfilled comfortably
\n\u2022 Retiring in comfort, and
\n\u2022 Taking dream vacations without having to count every penny<\/p>\n

When we choose conservative investment options, become apprehensive about investing more in a superior yielding asset class (a.k.a equities), dread losing money, and fear far too much about ending up poor, we are simply denying ourselves a chance to become rich.<\/strong><\/p>\n

Here are some of the common fears we have about investing in a seemingly \u2018risky\u2019 asset class such as equity, along with reasons on why your fears may not be justified.<\/p>\n

Buy<\/span> 24 Karat Gold Online <\/span><\/a><\/div>\n

I am afraid I\u2019ll lose money in the stock market<\/strong><\/span><\/p>\n

Yes, you should be afraid you\u2019ll lose money and you probably will. Well, ask yourself this: there are so many mishaps that happen out there on the roads, up in the air, and under water. Does that stop us from going out or travelling? It\u2019s all about doing what you can to travel safely. And very likely, you do just that and are alive!<\/p>\n

Let\u2019s face it: markets do fall and equally frequently or more, they do go up. And when they go up, they usually erase the falls without a trace. What seemed like a fall in 2008, when viewed from a longer period, say from 1994-2014, would seem like a blip. That\u2019s precisely the impact equities have on your wealth.<\/p>\n

In the short term, a fall in equities could dent your portfolio quite a bit. But in the long term, they are just a tiny blip in your sharp upward\u2013moving wealth curve.<\/strong><\/p>\n

I am afraid equity markets are at a high<\/strong><\/span><\/p>\n

Yes, markets do get to highs and fall. But never forget, they have only gone to newer highs from thereon.Unless you were in Japan for over a decade, it is unlikely that you would have seen any market, especially an emerging market such as India, falling, never to recover.<\/p>\n

Buy<\/span> 24 Karat Gold Online <\/span><\/a><\/div>\n

In fact, by making that statement, you are actually trying to time the market. Now that I call scary!<\/strong><\/p>\n

Remember, when you start planning for your kid\u2019s education or your goal, your time has already started ticking. You have no choice but to ACT, rather than ponder over when to enter.<\/p>\n

I\u2019ll end with the most common statement used by investors.<\/p>\n

I don\u2019t like to take risks<\/strong><\/span><\/p>\n

Really? Is that true? If you will take the risk of getting negative returns (yes, that is what you got from your deposits in the last few years, post 30 per cent tax), you couldn\u2019t possibly be afraid of taking risks!<\/p>\n

By not exposing yourself to the risks (and rewards) of equities, you risk not meeting:
\n\u2022 Your cost of living
\n\u2022 Your kid\u2019s education, and
\n\u2022 Your retirement expenses<\/p>\n

Your recurring deposits are not going to help you build your children\u2019s education kitty; your Public Provident Fund or Employees\u2019 Provident Fund would simply not be sufficient to meet your post retirement expenses, leave alone your medical bills. Of course, forget about any surplus for those post retirement vacations you dreamt of.<\/p>\n

Think about it folks. The risk of equities is far higher for the promoters of the companies where you invest, and so, they enter untested waters in an attempt to hit it really rich.<\/p>\n

Whether it is equities or mutual funds<\/a>, all you are going to do is restrict your risk significantly by entering into imminent success stories. And unlike the promoters, you have such an easy choice of exiting the sub-optimal options and moving your money where the potential lies. Even this decision is made easy, when you have a fund manager managing your money, through the portfolio of stocks in your mutual fund<\/a>.
\n
\nThe biggest risk, folks, is therefore the RISK OF NOT OWNING EQUITIES!<\/strong><\/p>\n

Buy<\/span> 24 Karat Gold Online <\/span><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

It didn\u2019t need much deliberation for me to choose the title of this article; straight from the gut, if you\u2019d like to call it. Before I proceed, let\u2019s get one thing clear. We are not talking of getting rich through a lottery or inheriting huge wealth here. We are talking of: \u2022 Simple investing practices […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59,6,66],"tags":[200,516,257],"yoast_head":"\nDon't be afraid to get rich<\/title>\n<meta name=\"description\" content=\"If you want to get rich, equities are the way to go.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/dont-be-afraid-to-get-rich\/6507\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Don't be afraid to get rich\" \/>\n<meta property=\"og:description\" content=\"If you want to get rich, equities are the way to go.\" \/>\n<meta property=\"og:url\" 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