00:00You have to survive in the short term to benefit in the long term.
00:06And to survive in the short term, you need to measure your risk appetite.
00:14How many people believe in you that we are aggressive investors?
00:22Now, answer your heart that when you got half-fall in COVID, did you invest or not?
00:30If you invested, then 100% you are aggressive investors.
00:35You know how to manage volatility.
00:37You can go to lunch. You won't learn anything from here.
00:43But if you were in that category of Dr. Sahib, who didn't need money, but got panicked,
00:51and converted a notional loss into real loss, then you are not aggressive investors.
00:57You are conservative investors.
00:58And conservative-aggressive, it's not a bad thing.
01:03I am medium-sized.
01:05Someone will be short, someone will be short.
01:09Someone will have blood pressure, someone will have diabetes.
01:13I have cholesterol.
01:15So, we don't be good or bad.
01:18We just need to know who we are.
01:22Use the litmus test.
01:25If you have bought during COVID, in equity market, you are aggressive investors.
01:30If you sold during COVID, you are very, very conservative investors.
01:34And if you maintain your SIP, then you are average risk-taker.
01:40You are average risk-taker.
01:42One question is that, Nilesh, this is very confusing.
01:46Everyone knows what they have done in March-April.
01:49They have done what they have done but they say that this is very confusing.
01:53hain. Toh unke liye fir meri ek hi sala hain. Agar aap HNI hain, toh you will get the service
02:02of a private banker. But in India, mutual fund industry has a product called asset allocation
02:09fund. This gives you expertise of a retail, to a retail investor, expertise of the fund
02:17manager. And fund manager keeps on dividing between debt, equity and gold. Over last 5,
02:2510, 15, 20 years, it has probably delivered a return which is better than what 99% of
02:32investors get. Jab aapko samaj nahin pade, asset allocation fund me nivesh kar dijiye and then
02:42give the time. Let the fund manager do the allocation between debt, equity and gold. There will be
02:50undoubtedly ups and downs. But over a period of time, it will create enough value. Always
02:59remember, na dharian vina lakshmi, na soryan vina jaya, na gnanen vina moksha and na dhanen vina
03:13yash. Jib tuk parakram nahin dhikhae, tib tuk vijayi praapta nahin hoti. Jib tuk gyan, wisdom
03:24nahin aati, tib tib tib tib mocks nahin milta. Jib tib tib daan nahin karenge, tib tib tib kirti
03:31ya yash nahin milta. Or lakshmi ko praapta karne ke liye sabse jadah jaruri hai dharia, long term
03:38investment and disciplined investment. Hazaroh saal pehle humare purkhe ye kehke gaye
03:45thai. Bas ushi ko follow karna hai to overcome the volatility.
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