History from the stock market reveals that NOBODY ever became rich by holding such high valu stock... its the safest game to play if you hold the above stocks( except RPL) all the stocks are very high priced and likely to give only 20 to 30%. for instance Unitech made people crorepatis in just 5 years as the stock was valued at low and increased to high.
RE:HISTORY IS AGAINST YOU...
by Nitin Gupta on Jan 25, 2008 06:16 AM Permalink
ppl like u loose money in share market and blame others for that. Peeny stock can give u good return for short time but they wont lead to long term wealth creation ( unless u r able to spot a comp in its early age, which most of the time difficult for small retail investor). Man see it is at a investment and as u wrote 20-30% return, if they come with much lesser risk and thats the way to go. Share market is not magic that will double ur money in a month, and if u try to do that then might be able to succeed for some time but will finally end up losing. Invest in good companies like RIL, ICICI and be happy with 20-30% return, see it as investment and not betting
RE:HISTORY IS AGAINST YOU...
by Love India on Jan 26, 2008 01:25 AM Permalink
Dear Mr. Gupta, Its very much clear even for a lehman that if you buy stocks of RIl,RPL,TATA's etc (mentioned above) will never have -ve returns as they are very big corporates, so what Mangesh wants to say is partly correct... It doesnt matters who losses money its only small investors who are at the receiving end, for bigger fishes it doesn't mattter....
