Incorporating the Satisfaction Factor 

How do you wish to leave your portfolio? 

Leave as in… 

… you leave. 

Let’s paraphrase this. 

In what condition do you envision your folio to be at your time of ultimate departure? 

Why is this question necessary? 

Why are we putting together our folios? 

What do we want out of the whole shebang? 

Are we playing the game just because everyone else is doing so, without thinking any further? 

Stop. 

Think. 

Do. 

We want satisfaction. 

Everyone searches for happiness. 

We want to have led full lives. 

We want to leave with smoothly outlined pipelines which won’t be blocked by any surviving party’s antics. 

Auto-pipelines are a reality now. It takes a standing instruction, that’s it. 

We want to have done some CSR work, as in charity. 

We want to leave a legacy. 

We don’t wish to make our surviving family slaves to an inheritance. We want them to be self-sufficient with trouble-shooting acumen. However, funds need to be accessible at times of emergency. 

And blah blah blah blah blah…, list can be endless. However, you get the gist. 

All this requires planning… 

… NOW.

Take out the time to do some basics. 

Nobody’s asking you to do a doctorate on this. 

Just do the basic nitty-gritty. 

The whole with some basics leads to successful and satisfactory implementation. Leave out the nitty-gritty, and you could be left without the success and satisfaction part too. 

Do it properly, come on. 

ūüôā 

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Dealing from a Position of Strength 

Next move… 

… should make you stronger. 

If it’s not, you’re wasting your position of strength. 

And, if it’s not, it’s not going to be your next move. 

Think up a different one. 

You had the acumen to gravitate to a position of strength. 

What makes you think that you don’t have the acumen to become even stronger? 

Take your time. 

In a position of strength, time becomes your friend. 

Here, you possess the means to double, treble or what have you your time. You hire quality people, to listen to their sound advice. You don’t have to follow them. However, it’s good to look at quality behaviour while finalizing the next move. Specialists provide you with that service. The specialist you want to listen to first wants to make you some money and then thinks about his or her commission. There are some such ones out there. Find them. 

Reject a hundred specialists. Then choose one that fits your specs. You’re in a position to do so. You’re in a position of strength. 

When time becomes your friend, consolidation comes as a matter of course to you. You consolidate before every next move. Consolidation makes your strength potent. 

You might want to consider some charity. Increase the good vibes around you. Make it a better world. Those in a position of weakness can’t afford to do so. You can. Come on. You’ll feel good about it. Yeah, help someone in a position of weakness. You’ll remain grounded. 

Take time off. Leisure will bring you back with all cylinders firing towards your next move. 

Pursue secondary, even tertiary lines. Disconnect from primary at will. Connect back, again at will. 

You see? 

Position of strength opens up a whole new world for you. 

That’s where you want to be… 

… in a position of strength. 

Work towards it. 

Happy Third Birthday, Magic Bull!

Hey,

We turn three.

You know it, and I know it…

… that this year’s been a slow going.

Sometimes, life is slow.

Such junctures are great times to recuperate and consolidate.

Inaction is big in the markets.

Very few know how to be inactive – and stay sane.

Those who do – well – they make big bucks when it’s time for action.

That’s only if they haven’t gotten rusty and lazy by then.

Yeah, inaction is an art.

In the markets, it is at least equal in importance to – action.

So, for the most part of the year that’s gone by, my market activity’s been practically zilch.

It’s not that I’ve been sitting and twiddling my thumbs. No! For heaven’s sake! Of course I’ve been doing other stuff.

Inaction in the markets must be coupled with action elsewhere, if one plans to stay sane, that is.

Also, inaction in the markets leads to preservation of capital. That, what you made during active times, remains safe, pickled and intact.

Then, when there’s opportunity, you’ve got your whole arsenal to cash in with.

While changing gears, don’t jump out of your seat with your saliva drooling, though.

Have some rules in place for opportunistic action.

I have some basic rules for myself at such junctures. I don’t put more than 10% of my networth on the line, while pursuing an idea. This rule applies for me while changing gears too, more than ever. Also, I don’t pursue more than two ideas at any given point of time. Most of the time, I’m not pursuing any idea, till an idea appears, refuses to break down, and just sticks.

Safe.

Simple.

Comfortable.

Ideal circumstances…

… to hit the sweet-spot…

… when it’s time for action.

Wishing you happiness, safety and profits in whatever market activity you pursue,

Yours sincerely, and just there for you, period,

Magic Bull.