I read the story of the Garbage Truck and received the best investment lesson of my life. Here is how it goes:-
One day, I hopped into a taxi and took off for the airport. We were driving in the right lane when suddenly, a black car, jumped out of a parking space right in front of us.
My taxi driver slammed the brakes, skidded, and missed the other car by just inches! The driver of the other car whipped his head around and started yelling at us.
My taxi driver just smiled and waved at the guy. I mean, he was really friendly.
So I asked, “Why did you just do that? This guy almost ruined your car and sent us to the hospital!”
This is when my taxi driver taught me what I now call,
‘The Law of the Garbage Truck’
He explained, “Many people are like garbage trucks. They run around full of garbage, full of frustration, full of anger, and full of disappointment.
As their garbage piles up, they need a place to dump it and sometimes they’ll dump it on you.
NEVER take it personally. Just smile, wave, wish them well, and move on with the routine life.
Don’t take their garbage and spread it to other people at work, at home or on the streets.
There is a beautiful investment lesson locked in this piece of advice.
Like garbage trucks, the markets too throw their garbage on us in the form of a volatility, market correction or even a market crash.
But as an SIP investor, you need to behave like the taxi driver.
Stay calm, smile and carry on with your investing as though nothing has happened.
There isn’t or ever will be a better piece of investment advice than this.
All we need to to do is to change our investing behaviour and lo and behold ; all our financial dreams shall come true.
Name: Anil Mhatre
Firm Name: MONETONIC FINANCIAL SERVICES PVT LTD