Investments… Sit Back, Relax and Wait.. Don’t Rush

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Investments… Sit Back, Relax and Wait.. Don’t Rush

If you cannot figure out the working of an investment, forget about it. And if the people selling it to you cannot explain it to you in three sentences, then walk away from it. That investment is not for you.

“And why not? I don’t have to understand something to make money from it.” some may ask. “After all, I do not need to know how to fly a plane to ride on it,” Well, you are half-right there. Yes, you don’t need to know how to fly a plane to get from A to B. The pilot will do it for you. His job is to get you safely to your destination on time. That is how he is measured and getting paid to do it. It has nothing to do with the price of the airfare or whether the company he works for is profitable or not. But remember, the pilot is not managing your money.

On the other hand, an investment manager is holding your cash. Just as you would be wary of a pilot who cannot explain how a plane flies, you better be wary of an investment manager that cannot explain the workings satisfactorily to you, then it is a pretty good bet that they themselves do not understand the product. They are probably just shooting in the dark, praying for a miracle. And God helps you if you think they can make money for you.

If you do not understand the product, how can you monitor the progress? When are you up, when are you down? At what point do you sell? What are the risks involved? If these simple and basic questions do not have ready answers, then keep your money. Walk away from the room if you can. If you can’t walk, run. But whatever it is, get the hell out of there.

Another common problem that hits a lot of people is the “investment bug”. They make an investment, sell and make some money. This is fine and dandy, good and rosy. Unfortunately, these people cannot sit down after that. All that extra cash is getting their heart pumping and their fingers itchy. They feel like they must be doing something all the time. And if they don’t, they feel like they are missing out big time. And so they go on a search for the next big thing to invest in. 

Often, because of their eagerness to invest, they quickly dump all the money into another scheme. Chances are high that the new investment is not as good as the previous one. In their eagerness, they become sloppy when evaluating this second investment. Chances. are therefore high that they will lose money this time around because of this.

And this “investment bug” does not strike only individual investors but also the big publicly listed companies. Occasionally, companies received a bundle of cash after selling some big assets. This bundle of cash can run into millions of dollars. So you can just imagine the heat generated by that amount of cash. Their heart pumping and their fingers itchy. And soon, instead of biding their time, they jump in on the first opportunity that comes along. Often at a hefty cost. Often paying too much.

So remember, you don’t have to be investing all the time. You do not have to be running around chasing one investment after another. There’s a time to sow, there’s a time to reap and there’s a time when you should just wait. Sit back, relax and wait. And you will soon realize that some of the best investments are those you didn’t make.

That’s all for now, my friends. See you all in my next article.

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