The Market is like a Buffet and this Buffet isn't Warren Buffett
When we go out to dine, we love big sized Buffets. Eat as much as you can and pay the same. This buffet that has been laid out is like the stock market. There are different kinds of stocks in the market like there are different kinds of cuisines laid out on the table.
However, does everyone have a great time after a heavy meal?
No!! Certainly not
Some people eat the wrong things. Some people feel greedy and eat more of the things they like but that doesn't make them feel nice. These people eat the right things in the wrong quantity. Some people are so overwhelmed by the variety that they start full by just seeing the stuff and don't eat much. They need help like many investors who are completely confused seeing the number of stocks on display.
Help from the Advisor/ MFD
It is very important to know how to eat at a Buffet. You need to take the stuff you like and in the quantity you like. Eating everything isn't possible. Sometimes having someone guide you makes it easy to make your selection even at the Buffet. Just because more stuff is lying on the table does not mean one needs to eat it. In the stock market our money is a limited resource and we need to deploy it appropriately. On the Buffet Table, your stomach capacity is limited and you need to eat appropriately and moreover in the right quantity.
Those people who are smart diners enjoy their Buffet. This enjoyment comes because of having sacrificed stuff that was also enticing them. Likewise when you make a Portfolio, you have to leave our stuff that is not suitable for you. Secondly you need to ensure that your portfolio is well balanced and not lopsided which is like eating the right food in the right quantity.
When you know how to manage a Buffet, you truly enjoy your meal.
When you know how to handle the Market you can hope to be a little like Warren Buffett.
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