Monday, March 10, 2008

It Isn’t Just About Money!

My earlier post on - Seven Ways To Survive a Stock Market Correction!, got me several e-mails and it was really touching to hear from all of you. I might have not been able to reply to all of you personally, but please know that I do understand what each one of you feels. A few of you told me how you almost had tears in your eyes while others thanked me for motivating them. I accept and thank each one of you from the bottom of my heart for sharing your thoughts and emotions with me. It means a lot as I have made it my mission to empower and help each and every Indian investor. I want you to know that I am an investor just like you and know investing isn’t just about money.

I know how hard it is to just start investing and see a 30% or 40% red in the portfolio, because investing isn’t just about money. It is much more. It is about human emotions, desires and fears.

We invest because we all aspire for financial freedom and security. Money gives us a sense of freedom and safety. Whenever we see our money being wiped out, we feel a sense of loss which makes us feel insecure. We feel scared and afraid of the future. Most of us feel this way, because we have all worked hard and honestly for our money.

Those who say money doesn’t matter and is nothing are probably people who have large amounts of money or people who have nothing. For most other people money is necessary and a source of security.

Just one friendly advice, please do not think of investing as a means to get rich quick. Instead look at it as something which is about building assets for the future. For something which will give you financial security and independence. It is easily possible to get lucky and get rich quick, but it is even more likely to get unlucky and get poor even quicker by making the wrong investment decisions.

The next time you decide to invest, think with both your heart and head. I assure you that you will make the right decision. And always remember life isn’t just about money, it is about living, smiling and being happy.

I would request each one of you to support each other and share your thoughts and ideas. The more ideas are shared the more opportunities are created. The more opportunities are created, the more wealth is created. In order to share ideas and your knowledge with all fellow Happionaires, besides just e-mailing me, feel free to visit The Happionaire™ Blog and speak your heart out.

Happy Wealth Creation!

Yogesh Chabria
© Happionaire


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11 comments:

sania said...

How do you express what is there in my heart about money and investing so well always? I'm sure other people also must have the same feelings about money. You are doing a great job and a great social service for all of us.

You inspire and motivate me, and I am sure millions of other investors like me through your ideas Yogesh. Keep it up.

jaiz said...

Yogi ,

You are very true , investing brings a lot of emotional disturbances. "May be thats why the investors are paid the big-bucks if they stuck to their choices ,when the monsoon strikes".

Reminded of the famous quote from Friedrich Nietzsche " What does not kill me only makes me stronger".

Thanks !! Keep Posting

suraj said...

Agree 100% with you Sania.

Praveen said...

Yogesh..vry good blog...waiting for updations..

meghna_choksey2002 said...

Sir,
Your articles come as a sturdy support at a time when every investor is drowning in the ocean of media melodrama of a so called bear market.

Amidst weak "Global cues", dollar rupee exchange parity, Sub-prime woes and fed rate cuts, a common Indian investor is lost on trying to comprehend the impact of these very factors today which seemed immaterial exactly 3 months back when we climbed to new milestones on our index. One wonders how much could the fundamentals have changed in this short a time span.

As you aptly put it, "It Isn't just about money" for an investor who has invested his savings month after month, year after year. By now its a relationship with his Nest-egg and there are expectations, emotions and future dreams attatched to it.

They say often the best decision is is not to take one. " Seven Ways To Survive a Stock Market Correction!" helps us rationalise these very emotions, think as an "Investor" and stay true to our financial goals.
Thank you.

meghna_choksey2002 said...

Sir,
Your articles come as a sturdy support at a time when every investor is drowning in the ocean of media melodrama of a so called bear market.

Amidst weak "Global cues", dollar rupee exchange parity, Sub-prime woes and fed rate cuts, a common Indian investor is lost on trying to comprehend the impact of these very factors today which seemed immaterial exactly 3 months back when we climbed to new milestones on our index. One wonders how much could the fundamentals have changed in this short a time span.

As you aptly put it, "It Isn't just about money" for an investor who has invested his savings month after month, year after year. By now its a relationship with his Nest-egg and there are expectations, emotions and future dreams attatched to it.

They say often the best decision is is not to take one. " Seven Ways To Survive a Stock Market Correction!" helps us rationalise these very emotions, think as an "Investor" and stay true to our financial goals.
Thank you

kunal said...

It is good to be able to read the ideas of fellow investors here. Thanks Meghna and of course M. Yogesh Chabria too.

I am starting to feel a sense of belonging to this blog and everybody else here, because unlike other blogs and groups which are filled with chaos and 'hot' tips, here I get more rational ideas which aren't about 'buy this' and 'sell that'. I have just started investing and I really like the "Happionaire" way of doing things.

My ideas to help fellow investors would be simple- just follow what has been said here already and whenever you are feeling depressed or down, you should ask for somebody who understands you for help. For me just reading what others have said here gets me motivated.

I thank you for bringing in an absolutely new revolution to the Indian stock markets Mr. Yogesh Chabria.

Ram Ganesh.G.V said...

Hi Yoga,

Good article.
But i dont go with this point entirely.
Safety & security is the primary thing, I accept. Not just for safety alone we are investing. It's a step ahead of that. I mean beyond safety there's another one feel.."Socio Recognition".
Who will be more willing to invest in stocks? and ..Who can more efficiently invest in stocks?
The one who is already in a safer environment with a secure income life long will be the idaels investing in stocks. Am i right?
There's another one category called "greedy". Just in case, I dont want to talk about greed here.
All my question was "why one who is already in a safe and secure side need to invest in stocks?"
So, everyone is investing not just because for safety and security but for respect and recognition from the society.
What you are saying about this?
If am wrong anywhere please correct.

Thanks,
RamG

sagar said...

"why one who is already in a safe and secure side need to invest in stocks?"

The rich in fact invest more in stocks. Look at the richest person on earth Mr. Warren Buffett.

Just one personal request, even if Mr. Yogesh Chabria doesn't mind it, names like Yoga and Yogi should not be used for him. It doesn't look too nice. Also could you'll please laborate why you'll use such names for him?

ram ganesh.g.v said...

Mr.Sagar,

I dont think naming Yoga will hurt Mr.Yogesh chabria. I never purposely did it. I just named Yoga as i was more familiar in using the name Yoga. Its one of my friend's name.
Anyway if it means other way i dont use like that. I apologize.
Are you ok now?

The Happionaire™ Blog said...

"What does not kill me only makes me stronger"- very apt Jaiz. I fully agree.

Sania and Suraj, we are all humans and we all have the same feelings. Irrespective of our background a few basic human emotions remain the same.

Sure Praveen, do keep visiting us and feel free to take part in our discussions.

Meghna we humans are irrational. What seems crazy now seemed perfectly normal three months ago. I'm sure 3-6 months down the line what seems impossible now, will once again seem perfectly normal. Best way is to ignore all the irrationalities and continue doing what you do.

Kunal, I am glad you feel a sense of belonging here. That is the whole point of being Happionaires. It is about being there for each other at all times.

RamG, for me investing in stocks is about creating assets. It doesn't matter how much you have today, I feel you should invest- not just in stocks, but any other asset class which you feel offers minimum risks and maximum returns. You could have a few hundreds or a few crores, it makes sense to invest it. Yes, people do invest for different reasons and some of them do it to boost their ego. But I don't think it is the smartest thing to do. Competing with others in the world of investments is a losing game.

Sagar, I believe in freedom of speech and expression. Please do not feel scared to call me whatever you like, love and feel comfortable with. There is much more to this world than just a name. No need to apologize at all RamG.

Oh also please ignore any typos I might have made! :-)

Yogesh Chabria