Heard a talk of Aamir Khan where he made a great observation. We put huge emphasis on our children’s standing “first” in every walk of life.
By the time the children are mature enough to understand, they become selfish and think only about themselves and not about others because we have brainwashed them to “put others behind”.
This is indeed a sad state of affairs and leads to a degenerating society.
Like-wise as investors, we always want to do investments that has lowest risk with highest returns although theoretically and practically this is not possible. We always vie for best fund, number one fund, although the ranking keeps changing very often. It does not make sense to hop on every now and then to different funds just by looking at their rankings on various websites.
As investors we are also in the habit of looking at what others have made. This too isn’t in our control. However, your financial decisions should not get influenced by other’s actions. Take inspiration from others but do not mimic their decisions as everyone has their own unique personal and financial circumstances. No two persons can have the same set of requirements.
Always invest with your goals in mind and let your goals guide your path. As long as you are driven towards achieving your goals, be happy with your investing.
There’s absolutely no point repenting over missed opportunities because in ‘investing” “past performance” does not throw light on the future path.
Acceptance that others may stay ahead of us never means “we will not achieve our goals”. We are not in a race to beat others and put them behind us; but a race against inflation and a race to reach our own financial destination!