It is never easy

Those of you who follow financial media would have been aware of the China scare, commodity crash, market corrections, etc. People listen more to financial media when going gets tough. Financial media amply your fear during such times.

The more you listen to media, the more frequently you keep checking your portfolio; it makes it difficult not to react. Reactions during such times cause irreversible damage to one's wealth-creation goal.

As I always say making money from equity is simple but not easy. You need to learn to ignore the worries of the world. There has always been some problem or another which dominates our mind space. There are very rare spells when nothing bad seems to happen.

'Buy & hold' would look easy when the market is going up. The real test comes during these times of correction.

Unless one has very strong emotional control, making money from the market is tough. The 3 key traits required to create wealth are long-term orientation, patience, and discipline. Time can do wonders for your portfolio and wealth if you learn to ignore volatility. Successful investors focus on the long-term growth potential and ignore short-term volatility, understanding that fear and panic lead to failure. With India's promising future and corporate performance, it's unnecessary to worry about day-to-day news or short-term outlook; if you have faith in the future, equity investments can be rewarding. As I've pointed out with data, only a small percentage gets rich from markets. These are the ones who have the patience to live through ups and downs, follow investment discipline irrespective of bull and bear markets and stay invested for decades or decades. For most of us, equity is the only way to create financial independence. Emotional maturity is crucial for successful equity investing; without it, wealth creation becomes challenging, and losses may occur.

Name: Praful Patil Firm Name: PATIL INVESTMENTS Mobile: 9833473537 Email: praful@patilinvestments.co.in