I feel that I am more aware of what it takes to invest long for your goals

I had been investing for sometime but was mostly on an adhoc basis. Most of my investment decisions were influenced by my friends or family. As the markets were looking on the upside, I was mostly happy with my investments and on an ongoing basis kept investing randomly. 

Until March 2020, when COVID hit the markets and I saw my portfolio value come down drastically. I was not prepared to see losses in my investments. And that’s why I decided that I would stop all my investments and redeem everything even if it was at loss.

It was then that my investment manager spoke about my goals and how it was important to stay focused on them. My goals at the time were to plan for my retirement and my daughter – Myra’s education. I stuck on and stayed invested. My good fortune that markets were back in the positive in no time and my losses, turned profitable. Staying patient was rewarding as I was able to see the longer term picture. 

Today in addition to my existing goals, I have added 3 more goals that I would want to achieve by investing, which includes my new born daughter – Inaya’s education. Infact, before I take any financial decision, I consult with my investment manager to find out how it would affect the achievement of my future goals. 

Now I feel that I am more aware of what it takes to invest long for your goals. My investment manager has been by my side and has been most reassuring when it was most needed. Thank you.