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A mountaineering club coach asked his students what was needed to climb a mountain. The responses focused on equipment and skills. The coach asked "Isn't the mountain the most important thing to focus on?"
When you know which mountain you want to climb, then you can decide on the right equipment and skills.
Likewise, in investment, the goal (or mountain) should be decided first. Investors should be wary of getting lost in the noise of data, market, trends.
When you decide on your mountain first, then it is easy to determine factors like time horizon, amount of investment, return needed, asset allocation.
Very True saying sir
Excellent knowledge sharing ,great learning jigar bhai
Health is wealth people say this
But Equity create a massive wealth
This is called basic.unnecessary we get in to the Technical details,returns etc of the funds forgetting the main things
Good analogy..... well explained....
Its true... people focus on equipment and techniques. But ignore goal and stamina(available resources and using it at optimum level )
Advisors advisor Jigar sir always love to hear you.
Excellent idea given by Guru Jigarbhai to set goal.
very well articulated. Decide your Goal before you start your investment journey.
It is great example to relate goal based investment planning..Thanks to Mr. Jigar Parekh for guiding us to follow the right path towards successful investing.
Goal base investment need for investors good example jigarbhai
Wonderful explanation to realize the importance of goal setting.
Thanks For Sharing!!
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