{"id":2286,"date":"2020-12-31T11:24:00","date_gmt":"2020-12-31T11:24:00","guid":{"rendered":""},"modified":"2025-04-09T17:34:08","modified_gmt":"2025-04-09T12:04:08","slug":"new-year-resolutions-for-2021","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/new-year-resolutions-for-2021\/","title":{"rendered":"New Year Resolutions For 2021 in Finance and Fitness – Research & Ranking"},"content":{"rendered":"
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As the year 2020 draws to a close (finally!!), it\u2019s time to welcome the New Year 2021 and the third decade of the century with change, hope and a new way of living and working. New Year Resolutions will be made once again as we step into 2021. Among the most common New Year resolutions is that of fitness. Parks and service roads will be filled with people planning to shed that extra flab \u2013 at least for the first few days of January!<\/p>\n\n\n\n

The year 2020 has taught one and all the importance of physical fitness and financial independence<\/a>. We are sure you will make a resolution for improving your physical fitness, so why shouldn\u2019t financial fitness (independence) be another resolution? Both are extremely important and surprisingly, both have some commonalities in how to achieve them. So let\u2019s get started\u2026\u2026\u2026\u2026..flexing your muscles and flaunting your wealth creation journey (privately!)<\/p>\n\n\n\n

There is no shortcut to health or wealth<\/strong><\/h2>\n\n\n\n

You can\u2019t get Disha Patani\u2019s perfect body or Tiger Shroff\u2019s rippling muscles by just ogling over their posters or videos. You\u2019ve got to sweat it out yourself to develop that kind of fitness. Select whatever approach you want \u2013 pump iron, swim, run long distances, cycle challenging terrains or anything that gives you a kick. The key is to be regular at it. Don\u2019t expect overnight miracles; they are neither possible nor healthy. Give your best shot every day, and watch the miracle unfold gradually.<\/p>\n\n\n\n

It\u2019s not much different with your portfolio investments<\/a> either. You won\u2019t make money by merely admiring star investors\u2019 portfolios. You\u2019ve got to work towards building one yourself. And it takes time. You\u2019ve got to study businesses, talk to managements, customers, suppliers, dealers, fellow analysts, do channel checks, study companys\u2019 financials and check corporate governance issues (if any). There is a lot of hard work that goes behind building a portfolio of stocks that compound your wealth year after year. There\u2019s no shortcut here.<\/p>\n\n\n\n

Consistency, patience and perseverance<\/strong><\/h2>\n\n\n\n

Fitness is not a weekend job, nor is it one dimensional. You\u2019ve to exercise regularly, regulate your diet, get adequate sleep, handle stress effectively and juggle between work and personal commitments. None of these can take a backseat; not even for a while. You have to be consistent with your efforts, patient with the results and persevere despite obstacles.<\/p>\n\n\n\n

Your equity portfolio also demands a regular regimen of reading, researching and talking. It\u2019s not every day that you come across a stock that qualifies as a multibagger. If your portfolio does not underperform the benchmark indices, you\u2019ve made a start. If you can beat the index, you\u2019re improving; if you can do that year after year, you\u2019ve become a pro. If your portfolio has several multibaggers, you\u2019re a genius. The whole journey takes time, effort and commitment from your end, but the results will be gratifying.<\/p>\n\n\n\n

Don\u2019t fall in for \u201cinstant\u201d results<\/strong><\/h2>\n\n\n\n

There will always be miracle drugs available for instant boosting of sports performance or muscle growth. Don\u2019t fall for any of these \u201cmiracles\u201d. They are dangerous and will only ruin your health over the longer term. Real fitness comes from actual practice and actual exercise; not by taking shortcuts.<\/p>\n\n\n\n

Similarly, wealth creation doesn\u2019t happen by following \u201csure-shot tips\u201d or \u201cmomentum chasing\u201d or by running after \u201cpenny stocks\u201d. It is built by giving time to your investments. As a famous saying goes, \u201cTime in the market is more important than timing the market<\/em>\u201d.<\/p>\n\n\n\n

There will be disruptions in your new year resolutions, don\u2019t worry<\/strong><\/h2>\n\n\n\n

While you will stick to your fitness plan as much as possible, there will be days when things will go \u201coff-plan\u201d. This could happen due to health reasons, personal\/professional commitments or numerous other reasons. It\u2019s okay, and it\u2019s expected. The key is to get back to your regimen as soon as possible.<\/p>\n\n\n\n

You may need to withdraw some of your equity investments, which were meant for the long term, for unforeseen reasons. Secondly, you may not be able to invest for a few months due to liquidity demands elsewhere. The key is to get back to the investing mode as soon as things are back to normal. As Abraham Lincoln famously said, \u201cIt\u2019s not about how many times you fall, but how many times you get back up<\/em>\u201d.<\/p>\n\n\n\n

To fulfill your new year resolutions and help you reach your goal faster, hire a coach<\/strong><\/h2>\n\n\n\n

To fulfill your new year resolutions, you indeed have to do all the heavy lifting yourself. However, getting an expert to coach you can help a lot. I can personally vouch for this \u2013 as an aspiring marathoner a decade back. My performance picked up as soon as I joined a running group trained by an expert coach. There are other benefits as well \u2013 you meet new people, learn from their experiences and make new friends.<\/p>\n\n\n\n

In your wealth creation journey through equity, you have to be vigilant regarding your investments and take the financial risk yourself. However, you can always hire experts (like us at Research and Ranking) to handhold you in this journey. We don\u2019t promise miracles or overnight success. Still, we do promise a disciplined and effective way of long term wealth creation!!<\/p>\n\n\n\n

To start your journey of wealth creation now by investing in a portfolio of 20-25 multibagger stocks<\/a> chosen after detailed-research by our team of experts.<\/p>\n\n\n\n

 Read more:  How Long-term investing helps create life-changing wealth \u2013 TOI<\/a>.<\/strong><\/p>\n\n\n\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

As the year 2020 draws to a close (finally!!), it\u2019s time to welcome the New Year 2021 and the third […]<\/p>\n","protected":false},"author":5,"featured_media":2287,"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":[9],"tags":[],"class_list":["post-2286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/2286","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=2286"}],"version-history":[{"count":0,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/2286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/2287"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=2286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=2286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=2286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}