Learning the ABC of investing from Dhirubhai Ambani
Dhirajlal Hirachand Ambani, popularly known as Dhirubhai Ambani was a common man who dared to dream and convert those dreams into reality. Belonging to a family with a very modest income, he was destined to pursue a career where he had to work for someone else as most of the Indians at that pint of time doing. A majority of the population either worked as a government employee or went abroad on projects for any British company. But, at that point of time Dhirubhai Ambani went against the current and made an effort to commence business. He faced a lot of challenges but still did not give up. His life journey is a source of inspirations for those who believe that they cannot do what they aspire to do. Or think any target to be unattainable. Because willpower is the strongest emotion and the sharpest tool that a human being can possess. This tool can cut through the hardest of the rocks and make way through the toughest pathways.
Inspired by the quotes of this world renowned business person, we have drawn some insights for the mutual fund investors that can prove to be very useful for the mutual fund investors. These quotes include the zest of every business firm and also relate perfectly with each and every person who aims to fulfill their dreams.
“Think big, think fast and think ahead. Ideas are no one's monopoly.”
Dhirubhai Ambani believed that dreams are the first steps towards achieving what you want. A man who ceases to dream has to lead a monotonous life. One can control what you can do but not your dreams. Everyone stopped Dhirubhai to do what he wanted but could never restrict his ideas. And the result is in front of us. In mutual funds, the clients must also have big financial goals that which will motivate them to put in more efforts in order to achieve those goals. For example, if you are satisfied with a job that pays you enough to make a decent living then you will never try to excel in your career. Similarly, if you have very simple financial goals, and you would always avoid risk, then it will become difficult for you to achieve the heights of success. So, keep your aim high and then start investing soon.
“You do not require to an invitation to make profits.”
Every business in the entire world has been set up with the aim of earning profit. Not only business firms, every individual who is earning needs some profits in the shape of remuneration and increment. But, making a profit depends on how you work and your capability to grab an opportunity which will work in your favor. One would not get the profits delivered to their door step until they initially put efforts to let the gains flow at a later stage. In the same way, in mutual funds, the clients are required to be vigilant enough in order to initiate the investment after a thorough research and proper planning. Then at the later stage, they can easily sit at home and enjoy the benefits. Thus, no one will ring your door bell and gift the profit wrapped up in shiny paper. You will have to try to get the desired returns for yourself.
“Pursue your goals even in the face of difficulties, and convert adversities into opportunities.”
It is often seen that when we encounter difficulties we tend to step back and stop fighting for ourselves. The life history of Dhirubhai depicts that the after facing the difficulties and overcoming our fears we can reach the pinnacle of success. Thus, hurdles are not for getting scared but for enabling us and making us strong, to be able to fight them and bring up the best within us. Likewise, while investing in mutual funds we encounter situations where we have to face loss, and there are times when the market hits the rock bottom, but that does not mean the clients have to withdraw their money or start distrusting the schemes.
“Meeting the deadlines is not sufficient. Beating the deadlines is my expectation.”
Everyone targets to meet the targets somehow, but it is not just enough to achieve the set goals. An actual success would be moving ahead of the set targets. When a person or a firm moves ahead of what they have to aim to achieve only then, they will be able to succeed in life and business. Similarly, in the mutual fund after achieving one financial goal, one must not get satisfied, The clients have to keep moving and try to make maximum returns from their invested amount.
Thus, these important words from the founder of the Reliance Group have highly motivated many people to believe in what they want and achieve it through a gradual process. In the same way investing in mutual fund is also a progressive process through SIP and returns the invested amount manifolds.
- LTCG Tax Is Not As Negative As it Seems; Here’s Why?41314 min read Jan 01, 1970
- Sensex Plunges Over 1000 Points; Should You Buy or Hold Your Investments for Correction?42083 min read Jan 01, 1970
- Sensex Dives Nearly 840 Points: Things to Consider and Experts’ Take43123 min read Jan 01, 1970