Life is a turbulent journey, an unpredictable rollercoaster ride with no guaranteed outcomes. Who amongst us hasn’t trudged through life, expecting things to pan out a certain way, only to be completely taken aback by a starkly different reality? The unpredictability of life can be compared to a high-stakes game of roulette where we’re expecting one number, but an entirely different digit rolls into the frame.
What’s interesting is that for the most part, we will always keep some sort of safety net with our future endeavours. such as applying for various jobs even though our heart is set on that dream role, Why? The answer lies in a simple, two-word, concept: Expecting the Unexpected.
Investing in the financial markets is a mirror reflection of this aspect of life. It is akin to planning a cross-country road trip with countless variables thrown into the mix. You can’t possibly envision the traffic conditions or forecast the weather to a tee. Instead, what you do is strategise and brace yourself for any potential hurdles. Be it an umbrella for unexpected showers, packing provisions to satiate mid-journey hunger pangs, or keeping a map handy for unforeseen detours. The entire exercise is about being prepared,
Like life, uncertainty is an ever-present ensemble of Investing, But instead of fearing the uncertainty, our efforts should be directed not at trying to outwit the markets, but instead at learning to ride the waves, however turbulent they may be. Short-term losses may be nip at our heels, throwing us off balance. But outsmarting the markets is a wild-goose chase.
Instead, buckle up and ride along. Yes, there might be bumps and jolts, and short-term blows, but stay focused on the horizon,
You can’t predict the markets, but you can plan. You can control the amount of risk that you take. And plan to make investment decisions that have a range of outcomes you’re comfortable with.
Have a long-term plan you feel comfortable sticking with and recognise that you may have to make adjustments because your life will change in ways you can’t predict.
So don’t try to outguess and predict the markets—go with them, even when that means tolerating and being prepared to live through some short-term disappointments. Instead, have a plan – Odds are you’ll have a better investment experience in the long run.
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