So, the moral of the story is, good wealth lessons can help in building health as well. Aaj nahi nikalta to FD investor jaisa baitha rahta. As Kabir says
By now you must have got bored of topics like Investing is like marathon, to create wealth become a long term investor, invest in equities but you still continue to invest in FDs.
Chaliye aaj kuchh alag karte hain. Incidentally today I completed my much awaited 10 km run and while running I realised how having a longterm investor’s mindset was helping me in reaching the goal.
Though I go regularly for walk but running always used to scare me. I was like those RD investors who are afraid of doing SIP because of volatility. But somewhere in the heart I also wanted to have the badge of 10 km run like those FD investors who want to create wealth but invest in FDs. Despite the fact that I have many advisors who have been pushing me to run but I as any other investor kept on procrastinating it since January.
But today I had made up my mind to run and I stepped out without telling anyone in the family about my plan. I didn’t want to have any discussion. I decided to run in a playground, Though the ground is not well maintained and has uneven surface but I wanted to avoid known faces.
First thing I did was, contingency planning and for that liquidity is important, I carried a half litre water for hydrating myself instead of being dependant on tab water. I started my run at 6:49 and like market timing here also my timing was wrong. Within 15-20 min young guys started coming in with their cricket kits. The circumference of the ground is 650 meters.
The run started and I ran first round of 650 meters non stop but I realised this way I will get exhausted soon and give up midway and I remember Asset Allocation. 350 meters run and 300 meters walk and repeat.
Since it was the first 10 km, excitement was obvious and I checked my phone thrice in first 2 rounds then the long-term investor within me suggested not to check performance frequently instead review at intervals, so decided to check every 20 min. This helped in running regularly without worrying like regular investing thru SIP.
In between there were distractions like market noise. The boys used to shout Ball please, ball please. As a cricket enthusiast I wanted to pick up the ball but then thought it may result in wrong posturing or any injury. Like I avoid stock calls I kept on avoiding these calls.
Finally, when I was about to reach the goal I moved to a near by small park to avoid injury in the last leg the way an investor should move to a safer asset class once she reaches near the goal to preserve the created wealth and that’s how I was able to achieve my goal of 10Kms.
So, the moral of the story is, good wealth lessons can help in building health as well. Aaj nahi nikalta to FD investor jaisa baitha rahta. As Kabir says
Jin dhoondha tin paaiyan, gahare paani paithi,
Mai baira boodan dara, raha kinaare baithi.