Unity in diversity and unity in mutual funds

It’s a universal phrase, Unity brings strength. Indeed True. Except in Indian movies where the hero can single handedly thrash many people. Ironically who are united against the hero 🤔

Reality is different, here unity matters. Differences of opinions are welcome however not to the extent that can sow division.

Unity in team work is absolutely necessary to ensure goals are met in a timely manner. It’s easier to share the burdens and joy of others when unity is the core principle. Unity is not just nodding to everything a influential person says! It’s where everyone gets to share ideas, concerns and questions but the best possible way to achieve intended outcome wins.

Having established unity is strength and good to have, we can project this concept to most of the fields. For example, entertainment, finance, literature etc. An ensemble cast movie scores higher than a single star studded movie. One way to look at it is, all the fans of all the stars in the movie are United to make that movie a hit. A group or team game is much entertaining than a single person game. Unless it is the time for Olympics.

Foreying this concept into the land of Finance. Here is where normal folk gets separated by elites by a margin which is probably bigger than in any other field.

Unity is diversity in terms of finance means, everyone has different goals or needs with money matters but underlying factor that unites everyone is the need for creating a better financial platform or hoping to create one.

What is the best way to make a event memorable? Hiring the experts for their unique skills and monitoring periodically to see if everything is going according to the plan. Mutual funds bring the same concept. Individuals who are not experts in money handling or the ones who are not interested can come together and create a pool of resources. This pool can be managed by some one else who is interested and qualified to do so.

Mutual funds universe is quite vast, lot of options, lot of news, lot of confusion. How to make it easy? Be clear on what you need. What’s the risk appetite and duration.

Like how you would like to check the best possible flight fares across different sites, you can find best mutual funds to invest in by analysing different sites. Or as I said earlier – hire a expert even to analyse. There are sites that analyse mutual funds and suggest the ones suitable for individual needs. If you want to go deeper then find out average rating of a fund across different sites that rate funds.

Lot of strategies are out there, not everything works for everyone. Try to pick the ones that best suits you.

Wherever you go, unity is strength and using it to become a part of something bigger is the best plan.

Until I write again, take care