Benjamin Graham is regarded as the father of ‘value investing’ and also happens to be the guru of ace investor Warren Buffet; he said- “The individual investor should act consistently as an investor and not as a speculator.”
Yet, the human psyche is such that people get tempted by greed or panicked by fear and take impulsive actions, often to the detriment of their long-term goals.
The past several months have been testing for many investors, where the equity markets have shown high volatility and stayed range bound.
With the market hovering around an all-time high, some investors are reaping the benefits of patience with improved portfolio returns.
However, many long-term investors acted like short-term traders and tried to time the market, mostly burning their hands.
To such investors, my advice goes along the line of Kabir’s doha mentioned below, relax and be patient and good things will surely happen.
“धीरे-धीरे रे मना, धीरे सब कुछ होय, माली सींचे सौ घड़ा, ॠतु आए फल होय।”
The doha talks about the natural progression of things. No matter how desperate or dedicated we are to achieving an objective, it succeeds only within a specific period.
In other words, to accomplish our goals, we must be patient and consistent.
To explain further, Kabir points out that even if the gardener waters a plant with hundred pots, the plant will bear fruits only in the appropriate season.
Wealth creation will definitely happen over time if you are patient, disciplined and persistent in your efforts.
Stick to your asset allocation, diversify your investments, and invest prudently.
You will reap great benefits in the future; let market and compounding do their work at their natural pace.
