Tag Archives: indian stock market

ithoughtwealth

I wrote to a close friend in the USA a decade ago that his savings must be in gold and not in dollars. He obviously didn’t like what i said. Mails flew across the Atlantic about how resident Indians did not understand the American way. Now, I am pleading with my friends in India not to buy gold now. I believe there are much more intelligent choices. I am sure this will also receive the same share of rants.

The question really is – Why do we have so much trouble making simple and intelligent choices?

The answer lies in only one thing. The fear of being left out.

So, everybody does what everybody else does. Society gets stereotyped.

Just like everybody has a gym subscription, attends music concerts, has celebrities recognizing them, wants the comfort that a lot of people know them, buy the same mobile phones, drive the same cars, stand outside the same restaurants waiting for their turn ( I really hate this one ), we do our investing too. Salvation is about not getting left out. So, we crowd everywhere and crowd around everything to feel that we belong. The overcrowding itself will ultimately make us feel that we are only on the fringe. We really don’t belong. All our efforts actually meant little and made no difference to the outcome of our lives. And, this is the really tough one. We need to begin all over again and find another road to a new destination. Where do we go then?

There is the road less travelled. Actually there are several of them. You then try to choose one which takes you to your destination. This time you are spaced out, chilled out totally, not expecting too much, just letting things be and accepting what comes your way.

Taking this approach with material things will be disastrous. You must neither be a `Me-too’. Nor must you be a `Chalta Hai’. I have learnt this one lesson early and it helped. Actually, it made me.

But, I allowed myself to be left out to emerge later as one who called right. I still do. So, i believe in tomorrow’s world always and don’t expect today’s world to remain so. It is in this approach of envisioning the future that one can change his own fortunes. Today is all about tomorrow.

Are we on the same page?

Shyam Sekhar.

A note from Shyam sekhar, founder and ideator of ithought.

Stepping out of your comfort zone.

You have just finished doing 50 pushups and your trainer being ruthless orders another 50. Drenched in sweat and exhausted you don’t think you can do take one step further, leave alone do more push ups. But your trainer will not take “NO” for an answer. He keeps at it till you get back down on the floor. You manage 1, and then 5, and within a few minutes, you have done 20. Motivated, and feeling good about yourself, you go ahead and complete the 50. You rise with a new sense of confidence, one that you achieved because you stepped out of your comfort zone.

“Move out of your comfort zone. You can only grow if you are willing to feel awkward and uncomfortable when you try something new.” – Brian Tracy

Similarly, when it comes to money matters, we all have our familiar methods of operation. There are some who firmly believe having money tucked away in a bank is the best option, while there might be other who invest in stocks and shares. But, to see how far you can stretch your money, you need to take a chance, take some risk and give it a shot, to reach the goal. The first step will be difficult, but once you cross that and see the results, you will be much more willing to step out of your comfort zone and go further ahead.
For many of you, pushing yourselves into a new territory is second nature, for many it is a nagging thought hovering in their minds, but not put into practice yet.

The 5 golden points of Going beyond your comfort zone-
1. Be open to new ideas and suggestions.
2. Be willing to take risk.
3. Be patient.
4. Learn from mistakes and experiment with alternatives.
5. Have control over your decisions and never go overboard.