#MarketsAreRisky #MakingFinanceFun #FutureIsUnpredictiable
We have started the Fun & Finance series with an aim to make finance more fun and relatable via short 1 min stories by using fables or interaction with customers etc. We will try our best to help you learn something new in finance via these short stories.
Today is the 2nd last day of the initial lockdown. We hope that your lockdown days have been good so far. And they continue to remain so in the near future.
For the time being, we bring you another short fable.
Once a poor Fisherman, who lived on the fish had a bad day.
On that unlucky day, he could not catch anything other than a very small fish. As the Fisherman was about to put it in his basket.
The little fish said: “Please spare me, Mr Fisherman! I am so small it is not worthwhile to carry me home. When I am bigger, I shall make you a much better meal.”
But the Fisherman quickly put the fish in his basket. And said “ How foolish I should be to throw you back. However small you may be, you are better than nothing at all.”
A small gain is worth more than a large promise.
Fisherman’s ideology is a winning one. And all of us can learn the lesson from this story.
See, the markets are risky and what the future beholds for us is hard to predict.
So, whenever you gain something from your investment in stocks and mutual funds, you should take that small gain.
You should not wait for a larger promised return in the future. As there are chances that you will lose that small gain too.
Many Fund Managers will try to convince you by promising even greater returns, as it is their job to make you hold your investment.
But you should act for yourself and book profits. Investing is about the right entry and exit.
Our recommendation method is that we provide advice that covers both sides of the coin. When to invest and when you should sell that investment to realize gains. Email us to know more about how to optimize your investment.
Follow our Instagram Page for more such updates here.