Can you take volatility and remain invested through the ups and downs in equities?
A good friend called to check how to invest in mutual funds. I was surprised since she invests mainly in property. Let us call her X. So X let out her apartment to a single woman with an eight-year-old son and a widowed mother. The tenant paid half the advance amount and requested X to allow her to deposit the balance in a few days. Given that someone had referred the tenant, X agreed to do so. The second cheque bounced and the tenant did not pay the monthly rent. X followed up with her for two months but to her dismay, she did not clear the dues. X had no option but to send her an eviction notice along with a cheque bounce notice. When she realized that the cheque bounce could get her arrested, the tenant agreed for a settlement. In all this, X received the rent for the period the tenant stayed but had to bear the lawyer’s fees and other charges. To me, X was looking at investing into equities as a knee-jerk reaction.
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