I said to myself when i had my Pita Bread with Falafel and Vegetables. Yummy it was. Just as delicious as the Pita Bread and Falafels is the opportunity that we are now being presented with.
Yeah, I m referring to the screaming opportunity that is existing in today's equity markets.
The Market has been pummelled out of shape by FIIs who have been forced to sell their holdings here to shore up their balance sheets to whatever little extent they could.
Since the beginning of this year the Dow Jones Industrial Average(DJIA) has fallen by 27%(in terms of USD) percent, whereas the Sensex has fallen by more than 60%(in terms of USD) in the same period. Notwithstanding the fact that INR has fallen against the USD in the recent times, this is a very huge fall.
Readers must remember that the country which is in Recession is the USA and not India, yet the Sensex has been hit much much harder by this credit crunch, thanks to the FII selling( FIIs have sold 12 billion in USD from the start of this year till date.)
Readers must also remember that this figure pales in comparison with the amount of money lying in Savings and Fixed Deposits. No, I am not advocating for people to put all of their money into the Stock Markets. I do believe and advocate Diversification of Portfolio. But all I believe is that we go on and learn our lessons from our Japanese Friends who have bought into a big way into Stocks during this downturn
Stocks are not going to double the next month,The days when your pan wala provided you with tips and advice on what to buy for a 100% return are gone. Tough Times says the media, but it is during times such as these that you lay the foundation for building up an empire,for creating wealth.
Stocks of good companies, by which i mean companies which have a solid business model and have strong Order books going forward for at least the next three years are available at prices which make them so mouth watering and I request readers to make some research and to start Systematically Investing into the markets, for such Lip smacking opportunities may not come again for another decade or so.
Don't go overboard, start off small and keep Investing consistently and I promise you that you will create a fortune for yourselves.
This entry was posted
on Friday, November 7, 2008
at 10:02 AM
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Equity Markets,
Investing
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