In a short span of its release, Baahubal 2 has become a blockbuster, breaking many box office records. Taking the right investment decision in a right way helped the movie earn more than a thousand crores of rupees. The movie came up with several new ideas, which helped it achieve its goal. It is now time to learn from the massive success of the movie. Drawing out some investment lessons from the movie may help you in taking right decisions while making investments to achieve your financial goals.
Have a vision of growth
You should always have a vision of growth while investing your money. The makers of Baahubali made a budget of Rs 2.5 billion to complete the movie in a time-frame of 5 years. Today this movie has crossed Rs 10 billion of revenue, which is commendable. Similarly, while doing investments, the growth option will always help get higher returns over a period of time. Choose your fund or avenue wisely and estimate the goal amount you want to achieve in the nth year of your financial goal.
Have patience while investing
Baahubali, while climbing up the mountains, always believed that every time he won’t win, but he made sure that his winning ratio will be on the higher side. Similarly, many a time out of 10 funds which you chose, some of them do not perform better. As an investor, you need to track your fund patiently on a regular basis and if some them are still not performing better, you can switch to another scheme within the same fund house like changing your strategy from one point of time to another.
Be confident about your investment
Baahubali believed that every step he is taking towards winning someone’s heart or getting victory over a battle is the right step for going closer towards that particular goal. Similarly, always feel confident about the funds you have chosen for your particular financial goal. Have faith in yourself and your financial adviser who can guide you at every step to achieve the financial goals of your life. You should know that the performance of a fund is not judged in a day. You need to evaluate the growth of a fund over a period of time.
Have faith in yourself
Baahubali always believed in himself. Similarly, while investing your money, keep faith in all your selected funds. It is a misbelief that a fund which is not performing today will not perform in the future too. , Therefore, instead of getting worried, review your funds on a regular basis. The fund’s performance depends on several factors like NAV, PE ratio, the number of holdings, sector allocation, etc. All these factors help to grow the scheme at a faster pace, depending on the market volatility factor. If you are considering all these factors while analysing your fund’s performance, then feel confident about achieving your financial goal.
Know your strength
Baahubali knew his strength, which helped him achieve victory over his rivals. Similarly, to gain desired returns from your investments, you should know your risk taking appetite, risk tolerance capacity while choosing funds for your financial goal. Every individual has their capacity to take risks. Therefore, understand your strength first and then take a decision before making investments.
Don’t be in a fear
Baahubali never feared about climbing up the huge mountains and falling from the heights. Similarly, as an investor, it is always necessary to get out from the comfort zone and have a fearless approach in choosing funds. The general saying “High risk, high return”, works but you need to come out of your comfort zone to achieve that. However, you should take help from your financial adviser. Try to diversify your funds even after taking the risk because one fund cannot help you achieve your goal. Create a portfolio as per your financial needs and analyze the overall performance of your portfolio. It helps in the situation when one fund does not perform, the others will help in generating good returns.
If you have watched this movie, then you can easily correlate your investment decisions. However, always have a practical and wise approach while selecting your funds.