Human nature is very complex. We always find that others are in a better position than us. Nowadays lot many thoughts coming in investors mind such as
- It would have been better if I have not bought a car from my savings
- It would have been better if I would have invested in FD instead of Debt fundI
- It would have been better if I book profits when the market was at high
Each decision has some impact which can be Positive or Negative. Each decision carries the opportunity cost too. We take decision based on factors prevailing at that time. Own your decisions, face the positive or negative outcomes, learn from mistakes, and keep going with that experience.
One should always follow a balanced and emotionless approach while investing. You should not get attached to any financial product when it is performing exponentially well neither you should completely offset it when it is at its downturn. Strike balance and invest in that product only if required.
Investing according to asset allocation in the different asset classes is important for long term investing. But just blindly following the asset allocation strategy without reviewing the financial products chosen for each asset class does not serve the purpose. Investing according to the chosen asset class is important for long term investing but among asset class, you can definitely change the product if it is not performing as per the expectation.
#AssetAllocationSahiHai
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