Source: IRIS (31-MAY-12)
The basic tenant of investing is buying low and selling high. However, this principal, is often never put to use, because fear, greed are stronger than long term investing discipline.
What is even sadder is the public, normally buys at highs and sells at lows, which grossly undermines returns and the investor, ends up loosing money and not being happy with the investment decision or the financial planner.
There is no such thing that is costly or cheap NAV.
I decided to invest in mutual funds. There were two choices before me; Fund A with an NAV of Rs 13 a unit and Fund B with a NAV of Rs 22 a unit.
Was Fund A a better choice because it was cheaper? This is a question which plagues many first- time investors in mutual funds.
There is no excerpt because this is a protected post.
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