Concentrate on average not maximum

We always plan our road trip timings considering average speed.

There would be a stretch on which we may accelerate at 130-150 kmph and undoubtedly a roughy or crowded patch where we won't be able to exceed even 20-30 kmph, Unless driving on a formula 1 track.

So during our journey we will be moving somewhere in between the lower and upper band. Does that mean we should try and accelerate even on roughy patch at a speed of 100. Obviously NO

Then why we want to drive our investments either in top or first gear only. It is dangerous for our future to drive throughout financial journey only in extreme gears.

Why is it that if we are investing in Equities we try to chase best performing stock or mutual fund and keep playing with our money in shifting from  one to other. Remember data only shows past performance and *past performance is not guarantee of future.*

So this weekend decide average speed required to achieve your financial goals which will help you to avoid unnecessary diversions. It will minimise risk and make you reach destination safely in time.

Happy weekend!!

"Journey or Destination"

What is more important
"Journey or Destination"

Many a times in rush of reaching our destination we forget to enjoy journey....Joy in reaching destination is only when you relish journey as well.

Same way while Planning investments advisors and clients miss pleasure of journey.

*Don't forget In financial planning majority of time is spend in journey.*

In hurry of achieving goals or getting higher returns we miss to enjoy the moment. Make sure your journey is refreshing so that reaching destination delights you and doesn't strain you.

What is the sense of buying a Bullet at age of 55 with own funds which you wanted to buy at age of 25 with loan.

Having said that don't forget all of us *have to reach destination* but with pleasant memories of journey.

Happy journey!!!