We all have heard the story of rabbit and turtle. In the story, turtle challenges rabbit to a race. The rabbit accepts the challenge thinking about how fast he can run and laughing at the turtle for being so slow. Though the turtle was slow but all this time the turtle kept walking step by step by step. He never quit no matter how hot or tired he got. He just keeps going. And at the end slow and steady turtle wins the race.
One important thing that can be learned from the story is that one should be consistent in his life. Usually people take decisions in hurry by considering only short term benefits and often ends up disappointing themselves. The decisions taken by thinking twice and keeping long term benefits in mind will prove to be fruitful.
As the turtle kept on moving consistently and at last won the race, likewise we should also direct our money towards right path consistently. Here, by being consistent it means investing money for longer period to get better growth.
As the rabbit slept in the middle of the race and thought to take rest and thereafter continue further, in the same way people start investing but stops in the middle due to several reasons like impatience, market down etc. by thinking that they have enough time to again start with their investments later. As the turtle left behind the rabbit in the race, similarly if a person stops in the middle they will fail to grab the opportunity with the growing market.
If one wants to win the race then they should become like turtles of their life by doing long term investments. This will help them in getting growth, capital appreciation, compounding benefit and a smooth life ahead.
So, start making long term and disciplined investments and act patiently then you will always win the race like the turtle.
Written By: Jasleen Rajpal, Certified NISM Mutual Fund Advisor, Intern at Investocafe