Vinesh Phogat missed out on the gold medal in wrestling at the 2024 Paris Olympics. At the same time, Neeraj Chopra’s hope of clinching the gold medal in javelin throw remains intact. But do you know how much preparation these players have to do for big sporting events like the Olympics? With their preparation, you will also be able to learn the qualities to achieve your savings goal and build a good portfolio.
The preparation that all these players do for the Olympics is nothing less than a victory in itself. If you have watched season 3 of the web series ‘Kota Factory’, you will definitely remember one thing that Jeetu Bhaiya said – ‘Preparation is not done for victory, but preparation itself is victory.’ The same applies to saving and no other example can explain it better than the preparation of sportspeople.
A long preparation is necessary not only for sports but also for saving.
Just as athletes prepare for the Olympic Games for a long time, so too do you have to prepare for the goal of saving for a long time. If athletes fail to prepare for a competition, they don’t sit back. Instead, they start preparing for the next competition. The same applies to investors who focus on investing in the stock market.
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These investors should also keep in mind that once they suffer losses in the stock market, it does not mean that they should give up. Rather, on this occasion they should show patience and after completing their research i.e. preparation, they should place a new bet. Just like athletes have to prepare for a long period of time to achieve the goal of an event like the Olympics. Similarly, the goals of savings and the wisdom related to them are also developed over a long period of time.
Understanding the meaning of mutual funds through the efforts of athletes.
Suresh Soni, Managing Director, Baroda BNP Paribas Asset Management India Private Limited, also explains the link between Olympic preparation and savings funds. He explains it as a direct example of the correlation between mutual funds and preparation of athletes. He says that the Olympics are like a big corpus, which is a challenge in itself. But to achieve this goal, athletes participate in many other small world championships and tournaments.
This is the job of mutual funds. If you want to create a large corpus of cash through mutual funds, you have to regularize many small savings. You even have to give up many of your expenses, but maintain your savings. This is like how athletes have to adopt a discipline to stay fit. You have to be on top of it every day and you have to sacrifice many eating habits.
It is necessary to set investment goals, just as athletes set their series.
Suresh Soni talks about paying attention to another habit of sportsmen to learn the qualities of investment. He says that athletes identify their different sets, their strengths and their weaknesses to achieve the goal of Olympics. Then we focus on them separately and work. By capturing these different sets, we finally achieve an Olympic-like goal.
Similarly, investors also have to invest in different asset classes to achieve their savings goal. You have to know the weak and strong sides of your portfolio. By focusing on them, you need to make additional investments or exit at the right time. Only after this you will be able to build your corpus.
Large-cap mutual funds offer better returns
Just as the Olympic Games identify and recognize the best players in the world. By organizing competitions among them, they receive honors such as gold medals. Large-cap mutual funds receive the same respect in the world of savings. These funds invest in companies that are more experienced, have a good identity, and are leaders in the industry. These companies have the ability to handle economic challenges well. With this, they give better returns even in bad circumstances.
In fact, these companies spend a lot of time decoding the market and the products. That is why they have reached such a place today. They are like an experienced Olympic team that, by reaching such a strong position, handles the market with ease and then delivers better returns.
