Father's Day Guide for Investors - Why Your Father's Investment Tips are Still Relevant
Our fathers are responsible for developing some of the fundamental values and perspectives that we harbor on our life-'s journey.
Our fathers are responsible for developing some of the fundamental values and perspectives that we harbor on our life's journey. Often, those childhood moments when you used to sit on your father's lap and ask questions like "why does the sun set every night?" or "where do babies come from?", form the quintessential foundation of your personality. Yes, fathers often do not get the credit that they deserve for raising us and playing such a crucial role in shaping our experiences and beliefs.
After reading this, we hope that you will consider gifting your father a special gift on this special day by opening a bank account for him through our Fixed Deposit for Senior Citizens plan. What better way to show your admiration for one of the most important people in your life than by paving a way for a stable and sustainable future?
Here are some fatherly tips which can help you in making better investment decisions and lead a more financially independent life:
Take Full Responsibility for your Decisions
Every father in the world wants to see his child become a successful individual. For fathers, the equation of success is incomplete without the core element of accountability or responsibility. The first and foremost step in becoming accountable for your investment decisions is to invest only in what you understand.
Research and be open to those options that make sense to you, so that you know exactly what went wrong or what you did right when the time of judgment arrives. For instance, while opening a Fixed Deposit account, use the FD calculator to select the best option for yourself. Knowing the FD interest rates beforehand is tantamount to investing in a stock that you understand - it makes you more accountable for your future.
Patience is a Gift that Experience Grants You
My father didn't tell me how to live; he lived, and let me watch him do it." - Clarence Budington Kelland
The archetype of the father relates to the quality of authority, respect and strength, all of which are completely unattainable without patience. A lot of us have seen our fathers grow old and have learned some valuable lessons by being witness to the way in which they aged. Patience is a priceless lesson to learn from one's father, especially by observing how they deal with circumstances and people in their life.
When it comes to the investment game, patience is something most people learn the hard way, especially in an environment where short term interests thrive over long term ones. However, if you use your father as inspiration for your investment decisions, you can embrace this quality on a more intuitive level.
However, if instant gratification is what you're looking for, you can consider availing pre-approved offers by Bajaj Finserv – a simple financing solution that can help you avail offers on loans, cards, investments and more.
Calmness is a Weapon - Use It Wisely!
The reason why calmness is a weapon is that it allows you to conquer one of the main driving forces of the stock market - fear. By staying calm, you will be able to choose investment options which are considerably safer and more lucrative as compared to those made by investors who are under the grip of fear, especially in volatile times.
For instance, choosing to invest in mutual funds instead of investing directly in stocks and bonds allows for increased quality as well as diversification of assets. Learn the art of being calm in the face of calamity and you have unlocked one of the market's untold secrets for making the most out of your investment.
With Bajaj Finance, you have the chance to make the most of this Father's Day. Not only do we have the right investment options in the form of Fixed Deposits and Mutual Funds, we can also help you provide your father with the right financial gift for their future. Learn more about how you can secure your father's financial future with the help of the senior citizen benefits offered by Bajaj Finance.