Dear Ashutosh, unfortunately you are contradicting yourself. In your previous post, you took the base reference of NIFTY ( as 1000 ) on in 2005 and now you mention 1995. If you fail to understand how Kishin managed to point out your mistake, it might perhaps be clearer now ;-)
Reducing Gaps between Have and Have-nots is the most important thing. Earning money at any cost is definitely making our survival a big risk which will inturn make the gap between Have and Have-nots more wider. Example of the problem is enabling growth by having good highways by destroying trees all along the way. Some people get richer while many people who depend on trees are made miserable.
Kishin Asnani's article "Dont wait for sensex to hit 210000. Buy stocks NOW!" stated that Nifty had given around 12% since its inception 1995. From where our friend and the author of this article "Mr. Ashutosh" got 34% figure. Rediff, before publishing such article do some QA editing by good editors, do not publish as it is.
I invested in 1999, Rs 5000/-, my first saving, in MF, Kotak IT, today it is worth of Rs 2600/- 50% down, while IT , Sensex were up 4-5 times. When I contacted Kotak, tey mentioned that Fund invested in Big IT which were crushed in .doc collapse. There is No such thing about Long term. Main thing is OPPORTUNITISTIC. If you will invest now, after 30-40 years, it will be many fold, but when you need, if Market collapsed, then what you will do. If you are investing & withdrawing right time, you can get much much better return.
I am a regular reader of articles on rediff but have never found the time and inclination enough to comment on any article. I have very strong opinion on things but that does not mean that I start using harsh and indecent language on public forums and put baseless allegations against writers of such blogs. In my personal opinion the article was very good, informative, simple and straightforward. And in any case nobody makes investment decisions based on such articles or blogs, so there is no question of trying to influence people into buying stocks and making gains out of it. Such articles just attempt to re-inforce some basics and fundamentals of investing and try to keep investors on the right track. My suggestion to the author is just ignore such negative comments unless they have some constructive criticism, opinion or suggestion.
Your meaningless and provoking style of writing back to your readers is unacceptable in one and many ways. You are a financial trainer and there is no need to respond back to negative criticism by means of your silly sarcasm (eg: answer as calculated by MS Excel is 12.18 per cent. So look at it any which ways, 34 per cent is slightly wrong I guess)
I work as Head of Priority Banking at the biggest bank in Middle East and Africa region. Please be sensitive to your readers and donot lash back at them in derogatory fashion. A poor site like Rediff washes its hands off on people like you by giving a disclaimer "This article is for information purposes only. Please do not make investment decisions based upon this article." If I find you writing such articles again I will come in the open media about you and your institute of bees and flies.
Re: Re: Dear Wakhare
by siva kumar on Jun 30, 2010 05:01 PM
But u havent accepted that ure calculation is wrong by many margins and being in a such BIG bank. Mister.Even i thought it was uncalled quote by the writer on wrong calculation.But the way u respond i think he is right
According to me making short term investment simply for the sake of Quick money is equal to Gambling.. The Author is correct in saying that we need to invest for long term. That creates a healthy market too..