Sensex at 50000 is not your Benchmark

Amar Pandit , CFA , CFP

Imagine a ground and there are 2 teams ready to play football.

What do you think is missing in the Sketch?

A goal post is missing. Imagine what this game would be without goals.

Similarly, what would your life be without goals?

The same goes for investing too. Many simply invest without a goal and keep doing random things without any rules, constraints and most importantly without any art and science. Others look at the Market Indexes and invest. Thus, the investing experience of most people is subpar. 

Sensex at 50000 will be considered to be a landmark number by many but it is just a number. Do not confuse this number with your goals, financial planning, and real investing. This number is not your Benchmark.  

Your Life is your Benchmark. Your Financial Life is your Benchmark. Focus on your Goals in this game of Life, Adopt the Planning Process (to navigate this uncertain world) and Adapt as you go.