The usual Rabbit & Tortoise Story...

 

*The usual Rabbit & Tortoise story*.

We looked at this video many times (in slow motion too) as it gave us many insights on investing.

Pls look at the video with the *Tortoise as the disciplined investor focused on his own personal financial goals & Rabbit as the impatient investor, in a hurry to make big returns only*.  

Right from the beginning, the rabbit is impatient – he wants to get into investing & make some quick money. He starts so fast (intensity is huge), perhaps betting on high return funds seeing the recent returns. But he gets distracted in between seeing it cannot continue for long & changes the lane (keep fiddling with the investments). He shrugs it off too, anxious if he has made the right choice. He sees his friend coming up very slowly (does not realize that it is steady), compares himself with him, once again gets distracted (perhaps by another You Tube video promising high returns). Soon after, he stops to eat too (withdrawing from his investments to satiate his immediate not so important wants). He loses more time there & finally gives up reaching his destination.

The tortoise on the other hand, was also anxious in the beginning. But he chose to remain steady & took one single path and continued it till the end. He didn’t get attracted by the crowd (peers, social media, comparisons, etc). He just continued to walk (invest) till his destination is reached (consistency was the key).

Philosophically, even if the rabbit has reached its destination eventually, it would not have mattered much, as all through the (investing) journey it was restless being distracted, comparisons, FOMO, indiscipline, etc. *Let us be the tortoise & create peaceful wealth*.