Whom To Blame For Stock Market Losses And Failures In Life

The idea to write this article came from a single comment from someone very educated, experienced and a senior person.

Of course I will not give the link to that article to hide the identity of that person. It is more about how most of us think – the collective human mindset (especially Indians) and not about that one person. Please also note that this is not a political post. It is rather my point of view on blaming someone else for our own misfortunes in stock markets or in life.

Recently someone told me that people in India do not invest in good companies shares, instead they get their hands burned by investing in blade companies like Saradha Chit funds, Rose Valley Scam, Pearls Ponzi Scheme, Agri Gold Scam, Sahara etc. So the government should launch some kind of Personal Finance Education. When will our rulers wake up to the reality and do the needful, he asked.

In the hindsight, he is actually blaming the government for the losses faced by some of the investors who lost money investing in such scam companies.

The point is should we blame the government for losses we face in the stock markets? If yes then shouldn’t we also give credit to the government when we make profits? (I mean credit which is like a Thanks not Income tax).

You know why people invest in such companies? It is out of greed, nothing else. Their greed of making more in less time is the root of this evil which I think they deserve. Forget stock investing – how many of you speculate options and try to double your money in every trade. If you are the one ask yourself – since how long you have been doing this? 1 year, 2 years, 3, 10? There is 99% chance that you lost money all these years. If you were not successful for these many years what are the chances you will be in the years to come? NIL.

Now compare the above two. BOTH ARE SAME. One person is not very educated – invested in Ponzi schemes due to ignorance and greed and lost money. Another well educated but buy options on pure speculations and loses money continuously. An instrument which is not meant for gambling is being used for gambling. Both are sides of the same coin – they cannot control greed.

Is it government’s job to teach you to control greed? No, it has to run a country. If you are greedy, government is least bothered. And the educate investors initiative by the government is already there. We see so many advertisements in trains, bus stops, stations and other public places to invest carefully. But we ignore, don’t read, don’t even care and end up investing in a bad company and lose money. How can the government be blamed for that?

When financial institutions have investment educational campaigns, we attend, make notes, come out and are back to what we are best at – speculate and lose money. Tell me what can government do now?

Launch hundreds of campaigns, but still people will keep doing these mistakes out of greed again and again. We should not blame some other entity for the failures in our lives. If we cannot control greed we are only welcoming misfortunes in our lives – and they won’t stop until you stop being greedy.

If someone really want to get education in investing then there are a lot of things available online for free. They do not read that. Then there are magazines, online journals, forums, webinars, seminars, news channels, discussions on TV by experts etc. Still you want the government to start teaching. What difference will it make if they start another investor education initiative. Hundreds are already there but you don’t care.

Here are some of them:

SEBI Investor Awareness Website:
http://investor.sebi.gov.in/

Here is financial literacy for school children (gift it to your kids today if they are young enough to understand finances):

http://www.sebi.gov.in/cms/sebi_data/investors/financial_literacy/Financial%20Education%20for%20School%20Children.pdf

And a lot more are already there. If you have the desire to learn something no one can stop you.

Ok lets take example of some great investors of our times. Did the Government of USA teach Warren Buffett stock markets investing or did the Government of India teach Rakesh Jhunjhunwala stock investing? Its your money and you will have to work hard to acquire knowledge and help it grow. If you don’t want to work hard or cannot control your greed, then please do not blame the government. And this applies to everything in our life.

Some people blame their luck. When the trade goes wrong – they will say it was my bad luck – next time it will not happen. Well next time the result is the same – bad luck.

Why leave your trades to luck? Its better to buy a lottery than trying to buy options and make money. Option buying is pure speculation, it will never make you money.

We have a tendency to blame others for our failures. Luck, government, brokers, sometimes even Gods – but deep inside we know we did this mistake – blaming someone else will only take the pain out of us temporally – but the damage has been done – blaming will not get your cash back. Its gone.

Blaming others gives us a “virtual” excuse to escape from reality. Try and if you fail just blame your luck and move on. But does that solve the problem in your life? NO. It still exists.

You could not succeed and no one has any role to play. You can blame anyone but the truth remains – YOU FAILED – and that truth will not die by blaming others.

There are a lot of issues in our lives – not getting promotion in a job, office politics, salary not increasing, price rise, investing in a bad company, trading losses, issues in the family – there are hundreds of issues in our lives. Blaming luck will not solve the problems – facing the problems will.

Let that office politics go on, you do your job. Ultimately you will be rewarded. Over the long run reality comes out. If salary is not increasing then get more knowledge, acquire more skills and get a better paying job. There are a lot of ways of making your life better, blaming others is not a way.

I think we all read about basics of stock markets in school – from there we have to do research and educate ourselves. Government did its job – now its your turn to work hard.

I have seen that we Indians love to blame our leaders or luck for everything. I think its an easy way out to give yourself an excuse for failures. After my losses if I kept blaming my luck, or, if I waited for that “subsidized course on stock market investing” by the government, then I would be living a wasted life now.

But I took my life in my own hands – sat in the drivers seat and rode the path I wanted to travel.

I read about stock markets at least 5 hours a day, everyday, for about one year while having a full time job which had nothing to do with stock markets. You know how much is that? 5*365 = 1825 hours or 76 days or 2 and a half months of continuous reading without sleeping.

And the results is there for all of you to see. I transformed from a negative person living a life on loans to debt free full of energy positive guy. This website that you are currently reading is probably the best website in India teaching options for free to at least 350 people daily. Thousands read my newsletters and email me to write if three days passes without an email. This site is in fact ranking better in search engines than many big websites launched years back. To top it all my option trading course has been bought by Technical Analysts, MBAs from renowned universities in foreign countries and in India, CAs, Brokers, Government Officers, Investment Advisers (some much senior to me), Retired people, IIT professors and top executives holding high positions in big name companies. All this I was able to achieve single-handily in just a few years.

When I lost 7 lakhs trading stock markets – like most others I would have easily gone the “blame luck for your misfortunes” path and would be living a life full of miseries by now. But I faced it – without blaming anyone except myself and tirelessly worked hard, day in and out to achieve what I wanted to achieve in life and got it – much before time. I still work some 12 hours a day – I can get lazy – but I know if I get lazy then whatever I have done till now will get destroyed. I won’t let that happen.

The point of this post is – if you have issues in life – do not blame anyone for that. It will only get more complicated. Face it and stop it right now before it gets out of control. Learn to work hard, get knowledge, and improve your life day by day.

There are a lot of people who think they are too old to learn anything. Hey dude you may be 40 or 50, but if you give up learning now then for sure you will live a mediocre life for the rest of your life.

So start learning about investing as much as possible. If you are option trader then learn to trade properly first. If you do not want to do my course, its OK do some other but a good course or read books, but please stop speculating. Trading without knowledge is very dangerous – you will never make money.

The more you learn the better trader you become, and for some strange reason, you also become a better person.

Disclaimer: This post is not to show off about me or my achievements – it is more about trying to teach you that education and hard work can bring magical returns to your life, blaming others wont help.

Thank You for reading this long post.

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