Personal Finance Session: “Control the Controllable”

“The More We Value Things Outside Our Control, The Less Control We Have.”
—Epictetus

Nothing suits a stock market investor better than this quote.

Every time a retail investor tries to find a way to become a successful investor, they are lured into the black hole of the world economics.

The microeconomics, macroeconomics, GDP, growth rate, inflation etc. gives investors a sense of control. It is because they are easily quantifiable.

You just have to collect the right data, assess it, do the math and voila! You will find the secret formula to get the best returns.

Unfortunately, it is a fantasy believed only by the naïve amateur investors.

Why is this only a fantasy, a myth?

The economy, on any level, is not a true representative of the stock market. More often than not, there is a distinct difference between the economy and the market.

But this raises two important questions.

What drives the stock market?

And how can an investor earn an optimal return?

Deriving from the quote of Epictetus, the only rational strategy to become a successful investor is to “Control the Controllable”

Control The Controllable: Webinar Session 1

In a webinar hosted by Holistic Investment Planners, Chirag Patel, dissects the basics of investing and presents insights from raw facts.

What drives the market?

How can an investor earn optimal returns?

What is the pendulum of investor sentiment?

What are the things an investor can control?

And more importantly,

How can an investor do it for optimal alpha creation in their portfolio?

Chirag Patel is a Product Development & Strategies insider from one of the largest and reputed AMCs in India.

He answers all such questions and much more with examples from real-world events.

Watch the Part-1 of his insightful presentation on “Control the Controllable” to become a successful investor below.

Control The Controllable-Webinar Session 2

Idiosyncrasy.

It is one of the toughest things to follow for an investor.

In fact, it is one of the toughest things to follow for anyone. Nobody wants to look like an idiot in front of the crowd.

But in the video above, we have seen the evidence that the crowd—in the stock market—acts irrational almost all the time.

As an investor, what would you do?

Would you rather follow the irrational crowd to feel better?

Or follow one simple fact to win as an investor?

“Facts Don’t Care About Your Feelings”

At the same time, following the facts is not easy or pleasant. Not everyone can do it. And only a handful of investors have done it to become successful investors.

It is because there is something deep-rooted everyone else is missing.

So why is idiosyncrasy hard to follow?

What are the majority of investors missing to overcome this barrier?

Unless you understand the insights presented in the video below, you may forever be a subpar investor. You may forever be lost among the irrational crowd.

Watch the Part-2 of Control the Controllable below to understand the fundamental source of every successful investor ever lived.

Control The Controllable-Webinar Session 3

Having a conviction, understanding the time tested investment strategy to generate wealth in a volatile market is essential.

But you can’t always refrain from taking action. There are time where you have to jump into action and make sure you are on track of your investment plan.

Situations like these can be tricky. It is because while taking an action, it will test the resolve of your conviction in your investments.

It makes an investor vulnerable to make mistakes. Meanwhile, the volatile stock market will only make it worse.

So how can you navigate safely during those situations and take the right investment decision?

It may be with choosing a new mutual fund scheme. It may be rebalancing your asset allocation, or any other decision making situation to maintain an optimal portfolio.

In this Part3 of the Control the Controllable webinar session below, Chirag Patel shares useful guidelines.

How to choose the mutual fund schemes?

How to approach portfolio asset allocation?

And more importantly,

“Simplicity is The Ultimate Sophistication” —Leonardo Da Vinci

What does that mean for an investor?

Discover your answers in the video below: