Page 24 - Pakistan Link - February 1, 2019

P24 – PAKISTAN LINK – FEBRUARY 1, 2019 COMMENTARY
Facts You Should Know before Investing

n By Saghir Aslam fi nancial crisis a decade ago. It went
Rawalpindi, Pakistan against every instinct I had.
FACT # 2
(Th e following information is INVESTING IS COMPLEX FOUNDATION
provided solely to educate the Mus- Everybody likes to feel needed,
lim community about investing and including people who work in the P.O. BOX 5481, Santa Clara, CA 95056 | (408) 244.3282 | www.hidaya.org
fi nancial planning. It is hoped that fi nancial services industry. We love
the Ummah will benefi t from this to throw around terms like funda- Support Orphans Monthly
eff ort through greater fi nancial em- mental analysis, technical analysis,
powerment enabling alpha, beta, correlation, Contango
the community to and backwardation (really!). Many Sahl ibn Sa’d reported: The
live in security and investment products are mind-
dignity and fulfi lling numbingly complex, perpetuating Prophet, peace and blessings
their religious and getting extremely diffi cult for them the perception that investing is way be upon him, said, “The one who
moral obligations to handle the phone calls. Because above the pay grade of the average
towards charitable out of few, every Tom, Dick & Harry investor. Spoiler alert: It’s not. cares for an orphan and myself
activities) wanted to sell. Th ey could hardly INSTEAD keep investing sim- will be together in Paradise
What sounds most right about have a time for lunch. ple. Make sure you can explain your
stocks, bonds and mutual funds may On the other hand, instead of investing strategy to any 8-years-old. like this,” and he held his two
not be so right. selling like everyone else, I was not For example, you can own virtually fingers together to illustrate.
Sometimes it’s not the crazy in- afraid, because I knew it’s not the every public company on the planet (Sahih al-Bukhari 5659)
vesting ideas that we need to avoid end and the market will be turned. (roughly 10,000) with one or two
– it’s the ones that seem most sane. Myself buying the stock while oth- simple low-cost index funds, such
Many widely held beliefs about ers were selling on terrifi c prices. as a total U.S stock and total interna-
stocks, bonds and other investments Because when this kind of selling tional stock index fund. Donate online via check or card at
sound like reasonable guidelines for comes, stocks goes down and contin- Let me share with you some
where to put your money on Wall ue to go down further. Myself buy- other information about investing. www.hidaya.org
Street. But through my work in the ing the stock at that time secured me Th is will save you good amount of
fi nancial industry, I’ve seen how well and it was the blessings of Allah time and also give you the oppor-
these oft -repeated truisms can be the ST. I really bought very good stock tunity to be invested in the mar- or call us at (408) 244-3282
catalyst for fi nancial disaster. So be which saved me well and I end up ket without spending tremendous
on your guard against these mislead- making really good money. amount of time. Do your homework Hidaya Foundation is a non-profit 501 (c)(3) charitable organization with Tax ID # 77-0502583
ing beliefs, and pay attention to the FACT # 1 searching and some more searching.
real truths instead. IT’S IMPORTANT TO FOL- Many of us are busy with full time
I have shared with you repeating LOW YOUR INSTINCTS job and family. Here is the easy way
about investing that it’s not as simple Th ough that approach may work for you to invest at the same time be Exchange Rates for Currency Notes*
as some people think. It’s it requires well in many areas in life, it serves us diversifi ed.
good amount of time to research, poorly when we invest. In fact, our Th ink of buying index fund.
particularly knowledge. Proper plan- gut feelings lead us down predict- For example, you could buy total US Countries Buying Selling
ning is the key. If you don’t plan you ably money loosing paths. Th ink of stock fund. Th is will give you the op- Rs. Rs.
are not going to be successful for the stocks market as bandwagon that portunity to be shareholder of many
sure. You can plan for yourself. You holds sway over our emotions. Is it well know blue chip companies. (To USA 138.50 138.80
also need to plan for your retirement. plunging? Fear says hop off -not just be continued) UK 181.50 183.50
Emergencies that may cause don’t to you but to millions of other people (Saghir A. Aslam only explains S.Arabia 36.75 37.10
plan, start planning either. And it watching the decline of the Dow and strategies and formulas that he has Japan 1.26 1.29
can save your big amount of money. other market indexes. Unsurpris- been using. He is merely providing Euro 157.50 159.50
Allah ST give us lot of because we ingly, doing what everybody else is information, and NO ADVICE is UAE 37.80 38.10
just need to understand and learned. doing precisely when they’re doing it given. Mr Aslam does not endorse
If you want to learn more, talk to doesn’t seem to be a winning formu- or recommend any broker, broker- (*January 30, 2019)
people who are in already doing this la for investing. You end up buying age fi rm, or any investment at all,
as they can give you great amount of stocks as they’re getting expensive nor does he suggest that anyone will
valuable information. and selling them as they’re getting earn a profi t when or if they pur-
Big markets sell off in 1987, cheap- in other words, buying high chase stocks, bonds or any other in- US VISA AVAILABILITY IN FEBRUARY 2019
many people started to dump stocks and selling low. vestments. All stocks or investment
like crazy. Many people thought this INSTEAD Ignore your gut. vehicles mentioned are for illustra- For Pakistan, Bangladesh & India
is the end and they are going to lose a What does work on Wall Street is tive purposes only. Mr Aslam is not Compiled by Hasan Chishti
lot of money. People were selling left fl ipping the script. As Warren Buff ett an attorney, accountant, real estate
and right. When I talked to some of famously said, “Be fearful when oth- broker, stockbroker, investment ad- FAMILY-SPONSORED PREFERENCES Pakistan/Bangladesh India
the state brokers. Few days aft er the ers are greedy and greedy only when visor, or certifi ed fi nancial planner.
st
market sell off , I was told that they others are fearful.” I followed that Mr Aslam does not have anything 1 Unmarried sons & daughters
were receiving so many calls. It was advice by buying stocks during the for sale.)
Of U.S. Citizens Sept., 22, 2011 Sept., 22, 2011
BIRMAL FROM P7 istrative structure, complete with its common framing of national issues, 2-A Spouses and unmarried
below freezing in the winter. Political Agents who lived among but also carry jaundiced views of each
During the colonial era the the tribes. Yet the state footprint in other. Class is a big divider; the ma- children of permanent residents Dec., 01, 2016 Dec., 01, 2016
tough tribes of Waziristan remained these areas remained weak. When drassa and public-school kids oft en
a constant source of problems and I took over Waziristan as Political hold their elite counterparts respon- 2-B Unmarried sons & daughters (21 yrs.
anxiety for the British government in Agent it had been some four decades sible for their relative deprivation in
Delhi. So great was the concern that since independence and the tribes society. Conversely, the elite main- of age or older) of permanent residents May 01, 2012 May 01, 2012
Lord Curzon, the viceroy of India, in lived much as they did then. (To be tain such strong negative stereotypes rd
an unprecedented move at one point continued) about these less privileged kids that 3 Married sons & daughters of US citizens Aug., 22, 2006 Aug., 22, 2006
took charge of its administration di- (Th e writer is the Ibn Khaldun it is impossible to see them engaging 4 Brothers & sisters of adult U.S. citizens June 22, 2005 June 22, 2004
th
rectly. In 1937 the Mahsud tribe in Chair of Islamic Studies, School of constructively across these divides.
Waziristan ambushed an entire Brit- International Service, American Indeed, the only commonality I found EMPLOYMENT-BASED CATEGORY
ish brigade in a classic guerrilla ma- University, Washington, DC, and across education systems was that all
noeuvre, killing nine British offi cers author of Journey into Europe: Islam, kids were deeply intolerant of diversi- 1 Priority workers Dec., 01, 2017 Feb., 08, 2017
st
and forty-fi ve soldiers and wounding Immigration, and Identity) ty of opinion, especially from a cohort
nd
a further forty-seven. In the 1930s other than their own. 2 Members of the professions holding
the British had more troops in Wa- SCHOOLING FROM P4 I found Mahmood’s willing-
ziristan alone than in the rest of their a service, interest wanes, investment ness to introspect refreshing. While advanced degree or persons of
Indian Empire. dips, and the enterprise ultimately congratulating the organizers of the exceptional ability Current April 06, 2009
British administration func- collapses. A problem fairly common Th inkFest, he crystalized his, and in-
tioned through the Political Agent, to countries of the elite, by the elite, deed the nation’s, challenge: how does 3 Skilled workers Current April 22, 2009
rd
the government representative who for the elite — Pakistan being a quint- one get to the point where we begin
worked among the tribes to imple- essential example. to fi nd Pakistanis from across the Other workers Current April 22, 2009
ment state policy. Th e tribes were able Th e ill eff ects of the siloed edu- education spectrum engaging in such
th
to preserve their way of life, however, cation system do not stop here. For forums? 4 Certain special immigrants Current Current
as during British rule colonial laws years, data has been pointing to a His focus on formulating a uni-
were usually applied only up to 100 correlation between educational silos form curriculum may be a start, but Certain religious workers U U
yards on either side of main roads. and deepening societal fi ssures. My its impact will be marginal unless the 5 Non-regional centers Current Current
th
At independence in 1947 and own work from over a decade ago silos within the education system are
the creation of Pakistan, the new gov- shows how kids from private, public broken and every child gets a level Regional centers U U
ernment inherited the British admin- and madrasah schools not only lack SCHOOLING, P26
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