One day up, another day down, then up then down, this is the movement of indian stock market these days, just as if we are having a camel ride. If this is the way our markets are going to move in another 1month, retail investors will run away like a mad dog and think of keeping their money in banks where they get safe 9-10% P.A. returns. Its a shame that only 4% of indians invest in stocks, and mutual funds, and hardly 1% invest in insurance. Is this 9% growth?? please our finance minister, where is the retail participation in stock market? and when they come they are let down by huge corrections and volatilities of the market.
Well the answer lies in the hands of retail investors itself. They need to study the company's business before investing in it, 90% retail traders/investors just watch TV or buy on the basis of uneducated brokers and friends, and end up losing big chunk of their savings.
I have been time to time insisting on learning technical analysis as in this study you dont need to watch TV or newspaper, the charts tell everything. The problem is nobody wants to take pain and give time to learning, everyone wants to bite a slice of easy money, and what happens? their tongues get burnt!
Wake up retail boys n girls, wake up!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment