U know what? i would have kept 20 lakhs for reinvesting and rest 80 lakhs I would have gone out for a world tour and would have a Gala time with my GF. LOL :-)
if i were to be Ketan!!! i would have opted out after reaching my target or atlealst i would have recovered my Initial investment and Reinvest the remaining!!!!!
I have zero debt - and one credit card which I rarely use. So cleaning up debt is out of the question. What will I do?
-> Give 30% to an Wealth advisor, to manage and increase -> Allot 1% to good purposes, like helping the poor, orphans and downtrodden (which I already do with my profits in stock market) -> Allot 30% and get prefernce shares of a bank with solid reputation (SBI, ICICI, HDFC for instance) -> Allot 20% in long term deposits - with periodic returns - say every year, for instance. -> Allot 10% to buy a few house(s) and provide them on rent/ lease. Appoint a property manager to manage the assets, collect rent, involve in day to day operations etc.,. This will provide me benefits for life time, and also for next generations. -> I am interested in travelling around the world. Will do it with the remaining 9%.
hey nice story.....but if i was in ketan\'s place i would have taken out the profit leaving principal amnt in stock and i would have invested some amnt of profit in TOP PERFORMING MUTUAL FUNDS instead of investing directly in shares which is riskier.
If I would have been at Ketans place the first thing I did was I had booked a profit with my target and withdrawn my 3 millions immediately and would have played with remaining money. But never gave up by withdrawing all the money from market.
Good food for thought for those who believe that bad times are not destined for them and for those who see the profits on calculator and remain happy and for those who know but ignore the importance of timing.
Interesting story, I guess If I make a crore, which I just above to make, I would rather invest in real estate, one day I am sure If I am not going to make a huge profit, atleast my money is safeguarded. So far I have only invested in real estate. I think so far i haven't burnt my finger. Whatever i have invested has grown up by 50% if not double in the last few years, and some of the investments are in different companies, where the return is not much at this time but i know one day it will pay me back my reitirement fund
So, as you say, the best thing is to distribute the investment, rather than focusing on one, unless you know for sure that its going give you a gooood return.
The stock market is nothing but a white color gambling, so you might be a lucky winner, and if you are a lucky winner you have to realise and stop, if you start getting greedy, you are in deeep shit, or you have very slim chances of getting lucky all the time.
RE:Making a crore
by Deepak Khanna on Jul 31, 2007 07:44 PM
real estate is not a liquid investment at all. We do have a property and tried to sell it for almost a year but we didn't get a proper bargain inspite of our property being in a good location. Stocks on the other hand are very liquid, you can sell them(assuming you don't invest in some unknown companies)anytime you want. Further stocks are highly priced and expect to rise by 5-15% pa only in coming years. If you are risk averse you can go for Bank Fixed deposits -they pay 9.5-10% pa and are are more liquid than real estate.
RE:RE:Making a crore
by Deepak Khanna on Jul 31, 2007 07:48 PM
sorry i meant "real estate properties are highly priced" instead of "stocks are highly priced" above. Also stocks are a gamble only to people who don't understand the stock market details properly. Yes some people who do know even they make it a gamble out of greed but it really depends on the person if he makes it as an investment or as gabmble.
