{"id":2194,"date":"2020-06-12T20:46:00","date_gmt":"2020-06-12T20:46:00","guid":{"rendered":""},"modified":"2023-04-21T06:38:04","modified_gmt":"2023-04-21T06:38:04","slug":"a-priceless-lesson","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/a-priceless-lesson\/","title":{"rendered":"A Priceless Lesson Learnt from A 74-Year Old! -Research & Ranking"},"content":{"rendered":"
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Ever since the start of the lockdown towards the end of March, we\u2019ve been hearing numerous stories on more people facing financial crunch.<\/p>\n\n\n\n

Some of them have lost their jobs, some of them have had to face pay cuts, some are facing delayed salaries. Read more about how to deal with pay cuts or job loss.<\/p>\n\n\n\n

Things have taken a turn for worse for some, with few even resorting to extreme measures like suicide. Today, I want to share with you how a 74-year-old, retired man is living through the crisis with ease.<\/p>\n\n\n\n

And yes, he has invested a substantial part of his savings in direct equities and mutual funds<\/a> \u2013 and he is barely worried about them.<\/p>\n\n\n\n

Why? How? What\u2019s the secret formula he has followed?<\/p>\n\n\n\n

Do you have these questions in mind? I am sure you do!<\/p>\n\n\n\n

His words of wisdom<\/strong><\/h2>\n\n\n\n

In his words: \u201cI\u2019ve been investing in the stock markets since 1985. I\u2019ve seen many crises that the stock markets have faced. Initially, I used to panic, but then I knew that the fundamentals of the companies I had invested in were strong. After a couple of falls, I didn\u2019t even bother. If I can give an example, during the fall of 2008, every single person I met told me to sell off everything and hold on to cash, I didn\u2019t\u2019.\u201d<\/p>\n\n\n\n

And he continued: \u201cI\u2019ll just advice you 3 things if you want to enjoy financial freedom:<\/p>\n\n\n\n

    \n
  1. Avoid debt as much as you can. Taking even a small loan can put you into a habit of living on loans.<\/li>\n\n\n\n
  2. Saving & Investing is not a one-time activity \u2013 it is a lifelong process.<\/li>\n\n\n\n
  3. Never indulge into panic buying or selling \u2013 even if you are at a risk of losing out on some profits or incur some losses.\u201d<\/li>\n<\/ol>\n\n\n\n

    Well, I am talking about my very own father and when I see him enjoying his retired life (tension free), I am sure what he says makes sense.<\/p>\n\n\n\n

    And especially when I see people around buying those latest phones, gadgets, travel and do a hell of a lot of things on EMIs, and indulge into either short-term trading or panic buying\/selling of their investments<\/a> and come times like these, financial<\/a> lives go into a complete mess. And I am sure if the financial part of the life is in a mess \u2013 it does affect the overall atmosphere at home as well. Right?<\/p>\n\n\n\n

    It is for reasons like these, that one needs to understand, plan & invest, not just for himself\/herself, but by and large for the peace and prosperity of his loved ones as well.<\/p>\n\n\n\t\t

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    Related investing topics<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n How to Invest in Share Market? <\/h3>\n \t\t \t

    Considering the volatility, investing in stock markets is both an art and science.<\/p>\n <\/div>\n \n \n <\/div>\n <\/a>\n <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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    \n 5 Best Places To Live After Retirement In India <\/h3>\n \t\t \t

    While some retired people set sail on voyages worldwide, others look forward to spending their time in relaxation and comfort.<\/p>\n <\/div>\n \n \n <\/div>\n <\/a>\n <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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    \n 90% People Lose Money in Stocks? <\/h3>\n \t\t \t

    Isn't it shocking? But it is a fact. There are countless reasons why investors lose money in stock markets.<\/p>\n <\/div>\n \n \n <\/div>\n <\/a>\n <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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    \n Is Long Term Investing Always Safe? <\/h3>\n \t\t \t

    Let\u2019s understand what long-term means before we explain why Long Term Investing may not always be safe.<\/p>\n <\/div>\n \n \n <\/div>\n <\/a>\n <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\n\n\n\n

    Read more: \u00a0How Long-term investing helps create life-changing wealth \u2013 TOI<\/a>.\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    Ever since the start of the lockdown towards the end of March, we\u2019ve been hearing numerous stories on more people […]<\/p>\n","protected":false},"author":5,"featured_media":2195,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/2194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=2194"}],"version-history":[{"count":0,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/2194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/2195"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=2194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=2194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=2194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}