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Even the best sportsmen fail to win sometimes
Published On , 18 Aug 2017 By TT Connect
Let’s look at some of the top players and their records:
Cricket legend, Sachin Tendulkar has been out on ‘0’ 20 times. Plus, he has the most record of getting dismissed 27 times before hitting a century in the 90s.
Footballer Lionel Messi has been the World Player of the Year (FIFA Ballon d'Or) four times. But his international debut was a disaster - he was sent off after merely 47 seconds.
Famous basketball player Michael Jordan has won Olympics, 6 NBA championships and 5 Most Valuable Player awards. But he’s missed more than 9,000 shots in his career and lost over 300 games.
Record-setting Tennis player Roger Federer may have won 18 Grand Slams. But he still lost 247 in his career of 1104 matches.
What can you learn from this?
Nothing in the world is perfect. Where there’s a win; there will be a loss.
Similarly, your portfolio may seem perfect. You may follow all the bestknown practices. But you cannot avoid a loss in life.
There is no option in life or investments that has zero-risk.
Let’s have a look at the risks of some low-risk investment options:
Fixed Deposits: The banks can fail to pay back your deposit. Your FD is only insured for up to Rs.1 lakh.
Government Securities: Considered the least risky, but governments can default on payments. Even India has.
Public-Provident Fund: PPF suff ers from two types of risks - the risk that the government can default on a payment and the risk that you will not be able to reinvest your interest at the same higher rate. This could undo the power of compounding.
The good thing about the risk of market volatility:
The players mentioned above have tasted failures. But that didn’t stop them from touching career highs.
Such drastic highs and lows is what fi nancial experts call ‘volatility’ in investment parlance.
In the investment world, risk does not just mean high chances of failure. It also means a great potential to earn high returns.
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