Almost everyone I speak to wishes they had begun investing earlier on in life. If only you had been investing ten to fifteen thousand rupees monthly when you got your first job, you’d be well on your way to a fat retirement nest egg.
Meanwhile, when there is a market correction taking place, these very same people tell me;
“Should I still be investing while the market is going down? Why don’t I wait a bit until the market starts picking up to invest?”
Let’s review this mindset. When the market falls, you have a magic wand that allows you to buy at last year’s prices. How awesome is that!
Like me, if you invested last year as well, the good news is: We’re still in the accumulation stage of our investment tenure. All our new investments are at yesteryear’s prices.
Let’s remember that the market always bounces back. Thing is, we don’t know when that will happen.
Over the course of your investment timeline, the decisions that you make today or tomorrow, or next week will not matter as much as what you do when everyone else around you is going crazy (less than 1% of the time).
Maybe the bottom line is to breathe and relax. In five years, will you even remember these choppy couple of months?
What did you do in March 2020? Today, are you going to stay the course and invest consistently? Or wait for the market to start picking up to invest? Let us know in the comments below.
