Looking around for an opportunity?
Or letting one come?
Does it matter?
Is there a difference?
When you’re looking around, you could be in a hurry. You want to get it over and done with.
You are vulnerable.
Entry price will be expensive.
Your adversary feels your anxiety and jacks up entry level.
Quality? What quality? You’re in a hurry, right?
Hurry spoils the curry.
Let the investment come to you.
Brokers are restless. They want to sell. They’ll knock at your doorstep once they know your funds situation. And, believe me, they won’t ask you about your funds situation. They’ll ask your banker. In fact, your banker could well be on retainer. He’ll make sure that high quality info ups his retainer fee. That’s how it works today. Don’t believe me? How come so many people have your cell number? Did you give it to them? No? Information is a commodity. It can be bought for a price.
Block your surplus funds as fixed deposits.
Get an overdraft going for one fixed deposit.
Delve into your normal activities.
Now you’re sitting pretty.
An opportunity comes.
It’s cr*p. Broker’s hoping you’ll bite into the nonsense being sold.
You tell the broker to buzz off. Lack of hurry gives you the clarity required to act like this.
Something lucrative comes along. Price is right. You overdraft on your FD. Yeah, it’s ok to pay the price for quality with margin of safety.
You can always fill in the overdrafted amount as new funds accumulate. The nominal interest paid for ODing is called opportunity fees. It’s chicken-feed. Just forget about it.
The best investments in life are worth waiting for.