Many are lured by the prospect of making quick money in stock markets. Especially so when the Indian Stock Markets are witnessing unbridled growth. Those who are standing at the sidelines are tempted to jump in and those who are already invested wish they had more money to invest.
However despite the bulls reigning, the SEBI has been warning investors that 9 out of 10 folks are losing money in the stock market. Looking at this one investor was in dilemma of whether to invest, it is a good time to invest now when the markets are already high. However on the other hand there was a feeling of FOMO so he asked a veteran investor, “When is a good time to buy?”
The veteran replied, “You’re looking in the wrong place for a good time. The stock market is a place of regret. You buy, and the price falls; you sell and it rises. You cry over losses and lament selling too early on profits. When the market rises, you regret not buying and wait for a drop, but when it falls, fear keeps you from buying. Instead of waiting for the right moment, it’s better to enjoy life and the rollercoaster ride in stock markets.
Have you also been in this situation?
