Being totally new to the stock market, she thought she would need to watch a business channel throughout the day, and carry a laptop, so that she could trade all the time!
Now here's the surprise bit. I didn't allow her to do any of that, and told her to pursue a hobby, take a holiday, meet her family, start a business, or do just about anything - except trade.
Invest and Wait
I strongly believe that investments aren't meant to keep you busy; they are meant to make you rich.
She took my advice and invested her money in a few companies that had strong fundamentals and a visible growth. I wanted her to stop worrying about fluctuating prices every day.
It was better to let her indulge in other things than get paranoid at every move in the market. This would help her stay invested for a longer time and let the money grow along with the invested company.
By doing nothing, her investments fetched around 95% returns in a single year itself. Within a span of seven years she will surely be much richer than what she is today.
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