Everyone needs a Cheteshwar Pujara in their Investment portfolio. Here’s why.
Pujara has always been something of a mystery. A relatively successful cricketer who somehow fails to show up alongside the other names like Virat Kohli, Rohit Sharma, R Ashwin, or even Ajinkya Rahane. Because he isn’t glamorous, it’s easy to forget that Pujara has made his mark on several occasions for India. The latest one was in the crucial, just concluded, series against Australia in Australia.
What is Pujara?
A Pujara is a sound, diligent, consistent, hardworking individual who can be depended upon to do their job. Not very glamorous but effective. A captain’s go-to man, even if the media, (always looking for the trendy and newsworthy personalities) doesn’t see it that way.
Many spectators, including the ones on social media, enamoured with the T20 and ODI style innings, are not too impressed with a Pujara-type pick. But it’s worth noting that an act is not always scrutinised in isolation. A lot of thought must be given to whether it meets larger goals of the team. On that yardstick, Pujara rarely falls short. Your portfolio needs players like this.
Pujara proves time and again that having a solid, albeit staid, player in your corner who can see you through tricky times is worth its weight in gold, even if it takes a while for you to realise it.
A lot of individuals, while evaluating investment options, look for exciting growth opportunities. They go for ideas with performances that are off the charts to speak, even if it is over shorter time frames of 12-24 months. They find it hard to appreciate that a 12-24 month performance matters little over a 20-30 year investment time frame.
Over the long-term, we need ‘bankable’ (pun intended) options and stand the test of time. In other words, a Pujara.
Every portfolio needs a few long, boring, and solid game players that few praise to the skies, but always deliver a steady return.
Saving for long-term goals like financial security for the family, children’s education and marriage, retirement planning need vast amounts of money. It’s the kind of money that cannot be made overnight. It requires years of patient saving and investing in the right instruments. To achieve this, you need a Pujara-like commitment and dependability, and Pujara-like workhorses in your team – i.e., solid, no-nonsense picks.
The Bottom Line
Remember, while everyone around you is busy looking for booms and exciting investment opportunities, it pays to stay with products, which, in a workmanlike fashion, steadily achieve the family’s goal in the long run.
Do you have a Pujara (or two) in your portfolio? If not, talk to your investment professional about including at least one today, for when the going gets tough, the Pujara in your side will prove itself to be priceless.