*Think Wisely Act Wisely* Someone bought a property for ₹40L and sold it at his desired price of ₹80L. He was happy! But he couldve made better returns by selling it at ₹78L. Curious? Human mind is wired to talk in absolute numbers rather than percentages. He bought property 8 years back and sold it for ₹80L, which gave him an annualized return of 9%. But he started finding a buyer 6 months back and at that time, he got an offer of ₹78L from a prospective buyer. He refused. Had he accepted the offer, his returns would have been 9.3% annualized. That gain is the value of his time. He got just ₹2L more after 6 months of wait. That reduced his returns. _Can you guess return on a property someone bought in 1980 for ₹5L and sold it for ₹2Cr in 2020?_ *Just 9.7%.* Stocks gave higher returns - Sensex was a no-brainer which has given more than 13% during the same time. *Percentages act as an eye-opener when youre investing.* 1.1K views08:17
