Some of the greatest lessons in life can be learned from history. If we do not examine our pasts, we certainly cannot hope for a better future. From lessons related to family, to lessons related to your funds, you can learn many different things just by paying a little bit of attention to how things went down. Here are some lessons about investment that you can learn from Indian history:
5 lessons about investment you can learn from Indian history!
1. All good things come to those who wait
Patience is a virtue and this is true for most historical events that were a long-time coming, and your investments. If you examine the freedom struggle, it took decades and decades for the British Government to even consider it seriously. Between 1857, which was the turning point in the British rule, and 1947, almost a 100 years passed before the goal of independence was achieved. From this, we can learn that your investments require your patience while your funds grow and reach the amount you’ve envisioned. No policy, no matter how amazing, will give you outstanding results overnight, and you must be willing to not only invest your funds, but also your time when you do so.
2. A little planning goes a long way
What is the first thing that comes to your mind when you think of the Harrapan Civilization? Is it the standardization of bricks and city planning or the innovative plumbing system that was lightyears ahead of its time? This ancient civilization was known for its amazing planning. It is planning and foresight that can help you ensure that your future is secure, safe, and great. By evaluating your options and creating achievable goals for yourself, you can make sure that all your dreams come true and that your family is always independent financially.
3. Knowing when to divide your assets is essential
In 1960, the state of Maharashtra was divided into Maharashtra and Gujrat. The two are one of the most prosperous states in India today and function better as two states as opposed to one. Many policies allow policy holders to divide their assets between the debt and equity market. You can also switch your assets as per the market. However, in such cases, knowing when to do so is key. If you divide them at the wrong time, you may end up with losses.
4. Misfortune cannot always be predicted
In the Second Battle of Panipat, Hemu was on the brink of a victory that would have effectively ended the Mughal rule in India. However, just when things seemed like they were set in stone, a random arrow shot by a Mughal soldier pierced Hemu in the eye, leading to a severe injury and the Mughals winning the battle. If you are to take away a lesson from this, it is that misfortune cannot always be predicted and can strike at any time. Therefore, you must plan for a future where your family can be secure no matter what happens. By investing in a reliable life insurance policy, you can ensure that no mishap can change the course of your family.
5. Always be open to different avenues
In 1991, India was opened up to liberalization, privatization, and globalization. Due to this, the market changed dramatically and led to commercialization and urbanization in some parts of India as we know it. From this we can learn that we must be open to new avenues. Just because your family has been making certain types of investments, doesn’t mean that you cannot explore the market to see what suits your needs the most.