A friend called this evening, "Oh My God IHM! How much further will it fall?"
Last year this time I was sitting with my mobile and calculating how much richer we were, calling my dad every hour. He was insisting I immediately sell everything.
My sister said diamonds were a better investment, but I knew Reliance Infrastructure was my biggest diamond.
I had considered playing safe and selling half, but was flying with the $tock price$, singing, "Who wants a loan? I am rich!"
There were all the warnings but we were singing, like these two:
'You fill up my Sensex, like a Reliance net worth, like a sinking Air Deccan, Stock Market's insane... '
Husband and the Broker repeated, "Sell. Put the profit in fixed deposit, reinvest the capital when the market comes down."
Nobody wanted to think, it would fall lower than that :)
I stayed invested, deciding to wait and watch...
Is it any consolation that if I had sold then, I would have reinvested at somewhere between, 17000 to 15000, and seen a very red portfolio now?
Isn't it better to stay invested in a portfolio bought at around 10,000-11,000, then reinvest profits at 16,000?
I have stopped peeping into the portfolio, every hour, to check how much poorer, from then, I have made us.
Do you think there is any hope of us ever singing this song again? And when? The Sensex closed at 11695 today.
And if Veerdas in the video above made you want to hear the beautiful Annie's Song...