Life or Term Insurance and Health Insurance both play a pivotal role in our lives. While healthcare expenses can go sky-high, they bind us to be careful while planning financial decisions. Choosing between Life and Health insurance is a task. They are both saviors during unexpected contingencies.
It is very difficult and dare we say, impossible to ’time’ the market on both sides – up and down unless you are a soothsayer. Trying to ‘time’ the market causes huge losses and loss of investment opportunity. Fear and euphoria are both emotions which lead to selling or buying without discipline causing a loss to wealth creation. Movement is second nature to the Markets – be it up or down. Stock Markets will always be turbulent. Black Swan events will occur causing shock, fear and panic. It is never about ‘IF’ it will happen. It is about ‘WHEN’ it will happen. All we can do is mentally be prepared not to get caught in the greed & euphoria versus fear & panic cycle
Our emotional behavior clearly impacts our portfolios since it leads to actions such as buying, holding or selling our equity investments. Market volatility and emotional volatility go hand in hand. The goal and objective of equity investments is wealth creation over a long term and this will happen only if we control our emotion (panic/euphoria) enduring peaks and troughs of the sensex.
Yoga is more inclined towards our inner spiritual progress. Yoga connects our mind and body together. It uses practices which helps one control the mind rather than mind controlling us. Yoga increases mindfulness. It improves attention to detail and focus by clearing the clutter around our head which results in better decision making. The article looks at links on how yoga and investments interconnect
