“Somebody’s sitting in the shade today because someone planted a tree a long time ago”- Warren Buffet
Do you like mangoes? We love mangoes! We are even thinking of throwing a mango themed party for our team members for their upcoming birthdays. Speaking of mangoes, did you know that a mango seedling can take up to 5 to 15 years to bear fruits? Some methods like grafting have reduced the fruit-bearing period; however, it still takes no less than 3 years to fruit. Fascinating, right?
So, if a man plants a mango tree today, the plant will take its time to grow. If he dreams of eating mango fruits from his plan within months, it will remain a dream only. But, if he gives the plant enough space, light, time and checks up its health, fertilizer requirement regularly, it will give the sweetest fruits that no artificially ripened fruits can compare to. In addition to that, the tree will add an aesthetic sense to your property; provide shade and fresh air in return – and will continue to do so for your children after you are gone.
Case in point, investment is quite like planting a mango tree in many ways:
- Both require regular maintenance:
For a plant to grow properly it requires regular maintenance; whether it is watering the plant daily or adding fertilizer to the soil, you take care of its needs. Similarly, you need to add, re-invest and revamp your portfolio at regular intervals in order to get the best returns on investment.
- Both require learning and experience:
Planting is not as easy as everyone thinks. In the absence of the right conditions, environment and care, the chances of a plant dying in its early years are very high. The same goes for investment. Just investing in a trending fund is not enough. You must understand the basics first, such as the difference between equity and debt, ways to track its growth, portfolio diversification and management, when to re-invest, when to withdraw from your funds, etc. The more you know the better.
- Both require patience:
If you expect to get rich quick, we are sorry to burst your dream bubble but you are delusional, dear friend! Just like you have to be patient for a significant amount of time for the seeds to grow, you ought to give enough time for your investment to grow. You will only stress yourself and potentially make the wrong move if you keep looking at your seedling's progress and funds’ performance at all times. Loosen your expectations a bit, let go of the control and focus on the maintenance at regular intervals instead. Not only it will allow your plant and investment enough time to grow at its right pace but also ease your mind.
- Know that you cannot control everything:
A lot of times unexpected weather conditions ruin the otherwise healthy plants, the investment world is the same way. You cannot control the sudden market crashes or a political decision that affects finance and investments in general. The best you can do is being prepared for the unexpected. For instance, a diversified portfolio can help to reduce the impact of such events.
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