The Karvachauth – It’s a festival in India particularly North, but movies have spread it, to all parts of the world now. The festival also has a learning for goal planning and how to deal when markets are not favorable.
Equity markets have been volatile and still remain so in view of forthcoming state elections. But here is another lesson on how to deal with it. Through focusing on goal planning & their occurrence.
On Karvachauth ladies (and some men too) keep a fast for well being of their spouse. Obviously, without food and water for a full day is not so easy. You can have meals after the moon rises and you have a look at it.
Free Download – Ebook on Goal Planning
Karvachauth – Waiting for moon makes it special
You know almost every newspaper prints the time of moonrise.
TV throughout the day run stories on Moonrise time in various states and countries.
But do you think Moon will rise before time?
Just because a few crores are having a tough day.
Their children have been looking at sky since 6 pm and constantly shouting back “Mummy Nahi Aaya” (moon still to rise).
In fact, if you look at mature people- they will prepare food, do pooja (worship) and free themselves by just 10 minutes before Moonrise and wait.
But some neighbors will be so active by 6 pm when the time of moonrise will be 8 pm. They will watch TV and impatiently yell “arey Bihar main to nikal gaya” (moon has risen in Bihar)
Some will engage the youngest child in the family and he/she will just go to the roof every 10 mins and same – Mummy Nahi Aayyyaaaaa…
Investor – Without Goal Planning
Many investors do not have a goal to fulfill in 2018, why are they bothered by the markets of 2018? Your moon will rise in say 2025 when your child will need money for education.
Why are you stopping your SIPs now when you need money in 2040 for your retirement.
You did your goal planning, calculated the time horizon, so why are you bothered on daily market fluctuations.
Or, maybe you did not do your goal planning, just invested for fun or greed looking at returns of last year or on your friend’s advice… so why are you hating markets for not dancing to your tunes!
Result
- You think of not investing or postponing it for some time.
- You sell what you have due to panic.
- You go back to traditional investments which yield below inflation.
- You wait, wait & wait … missing out the accumulation.
It’s a very common story and in my experience many investors that I speak to also learn and change their mind.
Many of them write or share their fears and when we speak to them and share the learnings they hold back.
Some do not and the future will tell them a hard way.
Back to Karwachauth
Did you get the gift for your spouse? Or just like me … forgot.
The best gift this festive season could be, leaving aside the fear and greed in investments. Do the right thing and be patient… Moon Shall Rise.
If you have still not thought on Goal Planning, you might want to do it now.
Hey write back using the comments section below and tell me your stories on the best time to invest. Enjoy the season.
