There are two types of investors in this world: those who struggle with it; and those who make it look like an art. In defense of the former, being a successful investor can be challenging. That's why one could always use a little encouragement, some words of wisdom, and illuminating insights in making sound decisions. And who better to guide us, than people who have a shining track record of wealth creation themselves? Here are some brilliant words of investment advice from people who knew what they were talking about. You'll be surprised at how intuitive and simple they make it all sound!
"If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring." – George Soros, business magnate and investor
"In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it." – Peter Lynch, investor and mutual fund manager
"All intelligent investing is value investing — acquiring more that you are paying for. You must value the business in order to value the stock." – Charlie Munger, investor and businessman
"Women tend to have a better track record in investing - when they invest - than men do, because they tend to take a longer-term perspective. They tend to trade less. They tend to shift in and out of stocks or mutual funds less often." – Sallie Krawcheck, former Wall Street CEO and entrepreneur
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ."- Warren Buffett, business magnate and investor
"It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for." - Robert Kiyosaki, author and entrepreneur
"Financial peace isn't the acquisition of stuff. It's learning to live on less than you make, so you can give money back and have money to invest. You can't win until you do this." - Dave Ramsey, businessman, author, speaker
"Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria." — John Templeton, investor and fund manager
"There is no great secret in fortune making. All you do is buy cheap and sell dear, act with thrift and shrewdness and be persistent." – Hetty Green, businesswoman and financier
"People who invest make money for themselves; people who speculate make money for their brokers." — Benjamin Graham, investor, economist and professor
While these individuals were experts in creating and growing wealth through investments, you don't have to be one. When you invest in mutual funds, your money is managed by experts with the aim of creating wealth for you. The recent 'Mutual Funds Sahi Hai' campaign by The Association of Mutual Funds in India (AMFI) seeks to educate investors about the advantages and misconceptions prevailing around mutual funds in India.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.