Saturday, January 19, 2008
Friday, January 18, 2008
WHEN A HOUSEWIFE BUYS STOCKS LIKE SHE WAS BUYING BHAJI
Market went down so, so terribly today. I believe I am a Long Term Investor. My principle is -Buy good stock and don't bother about these daily ups and downs. But like thousands of other Indian Homemakers, I am a CNBC TV18 -addict, and today everyone on CNBC sounded so gloomy, I wondered if I was wrong in not selling...
I was making good money, am making, a little lesser, but still good money...should I take my profits, hold the cash and wait for the bottom. It does look like there is a lot more downside.
My husband was teasing me just days ago, he said he dreamt that the market went down four thousand points, which means it will reach 21,000-4000 =1700!!!! At the time I had laughed and said I was all set to accumulate some more of Reliance capital, Larsen & Toubro, Reliance Communications, HDFC...that I was quite looking forward to some such crash. I am just not a happy seller, I love to buy and keep for good...I guess Udayan Mukherji will call my treasured stocks, 'Family Silver'. I hope my grand children will enjoy the perks of my long term wisdom! Well, we have done pretty okay till now...but I know I have a selling phobia because I sold, State Bank at 975, Bharti at 360, Reliance Communications at 200, Tata Power at 535...and many other such heart rending stories.... after the May 2006 Crash. Reliance Energy I kept, because it had R E L I A N C E in its name, and seeing how Anil Ambani was going to supply electricity in Uttar Pradesh, UP has so much darkness if somebody sells candles there, they have to make money... not the most appreciable logic, but I was lucky.
Maybe people like me should only buy Mutual Funds and somebody else do the thinking and planning for them. I also read somewhere that the only way to be RISK FREE in the stock market is to be a long term investor. So now why is my heart sinking because the market closed below 19000...
At least two of my friends sold everything in their portfolio (both kept L&T) and applied for Reliance Power. What if the market bounces beautifully back and Sensex makes newer highs? (THANK YOU, THANK YOU! THE WORDS SOUND LIKE SUGAR, HONEY, WHISKY, SODA, 2900, 3200 ETC. IN MY EARS TOO!!) and what if Reliance Power opens with a ssssss sound? Please don't curse me, I too have applied for the maximum i.e. 225 shares and hope to make a killing...but frankly, my selling-phobia might keep me from selling even one.
I believe the only thing making the market plummet is the astuteness of Indian retail Investors who have sold all their 'paper gains' (their words) and applied for Reliance Power. A part of me wishes I was one of them...but I am not too sure. My cousin who is studying Investment Banking in the US says, anybody who has held on to their stocks for ten years or more makes good money. This fact applies to all times, including the Depression in the US, and there is no reason why it should not apply here now. BUT I ALSO READ THAT STOCK MARKET HAS A MIND OF ITS OWN AND IT DOES NOT FOLLOW TRADITION. LOL : ) I am feeling a little better after writing all this. Every time I bragged to my dad, who has sold all his NTPC, Nagarjuna Fertilizers etc. about how much money (paper money/virtual money on my three dmat accounts) I had made, he sounded both angry and concerned, "It's your money only when you've sold." He warned.
I was making good money, am making, a little lesser, but still good money...should I take my profits, hold the cash and wait for the bottom. It does look like there is a lot more downside.
My husband was teasing me just days ago, he said he dreamt that the market went down four thousand points, which means it will reach 21,000-4000 =1700!!!! At the time I had laughed and said I was all set to accumulate some more of Reliance capital, Larsen & Toubro, Reliance Communications, HDFC...that I was quite looking forward to some such crash. I am just not a happy seller, I love to buy and keep for good...I guess Udayan Mukherji will call my treasured stocks, 'Family Silver'. I hope my grand children will enjoy the perks of my long term wisdom! Well, we have done pretty okay till now...but I know I have a selling phobia because I sold, State Bank at 975, Bharti at 360, Reliance Communications at 200, Tata Power at 535...and many other such heart rending stories.... after the May 2006 Crash. Reliance Energy I kept, because it had R E L I A N C E in its name, and seeing how Anil Ambani was going to supply electricity in Uttar Pradesh, UP has so much darkness if somebody sells candles there, they have to make money... not the most appreciable logic, but I was lucky.
Maybe people like me should only buy Mutual Funds and somebody else do the thinking and planning for them. I also read somewhere that the only way to be RISK FREE in the stock market is to be a long term investor. So now why is my heart sinking because the market closed below 19000...
At least two of my friends sold everything in their portfolio (both kept L&T) and applied for Reliance Power. What if the market bounces beautifully back and Sensex makes newer highs? (THANK YOU, THANK YOU! THE WORDS SOUND LIKE SUGAR, HONEY, WHISKY, SODA, 2900, 3200 ETC. IN MY EARS TOO!!) and what if Reliance Power opens with a ssssss sound? Please don't curse me, I too have applied for the maximum i.e. 225 shares and hope to make a killing...but frankly, my selling-phobia might keep me from selling even one.
I believe the only thing making the market plummet is the astuteness of Indian retail Investors who have sold all their 'paper gains' (their words) and applied for Reliance Power. A part of me wishes I was one of them...but I am not too sure. My cousin who is studying Investment Banking in the US says, anybody who has held on to their stocks for ten years or more makes good money. This fact applies to all times, including the Depression in the US, and there is no reason why it should not apply here now. BUT I ALSO READ THAT STOCK MARKET HAS A MIND OF ITS OWN AND IT DOES NOT FOLLOW TRADITION. LOL : ) I am feeling a little better after writing all this. Every time I bragged to my dad, who has sold all his NTPC, Nagarjuna Fertilizers etc. about how much money (paper money/virtual money on my three dmat accounts) I had made, he sounded both angry and concerned, "It's your money only when you've sold." He warned.
Tuesday, January 15, 2008
Bad days at the Gym :(
Some members in the Gym want the music to blare, others, like me, prefer it a little softer. Tried to use an IPod, the music is so loud, all you can hear is a cacophonic remix...the feel good feeling that the gym always left me with seems to disappear in all this chaotic racket.
Despite the thundering racket that passes off as music in the Gym, I just love the time spent there. When I stand akimbo and unexpectedly feel a firmer, toned back, I thank the day I joined this Gym.
No more lack of energy, no more lower back pain....no more the unhappy feeling that old age was creeping up on me. For anybody who is undecided about joining a Gym, go ahead and join it!! You live once, live healthy. LIVE. I spend hours on the Computer, live the most sedentery life imaginable, then go to the gym sweat the guilt out of a tired lower back.
Despite the thundering racket that passes off as music in the Gym, I just love the time spent there. When I stand akimbo and unexpectedly feel a firmer, toned back, I thank the day I joined this Gym.
No more lack of energy, no more lower back pain....no more the unhappy feeling that old age was creeping up on me. For anybody who is undecided about joining a Gym, go ahead and join it!! You live once, live healthy. LIVE. I spend hours on the Computer, live the most sedentery life imaginable, then go to the gym sweat the guilt out of a tired lower back.
Tuesday, January 8, 2008
About Me... till Feb 24 2009
The general opinion is that Indian homemakers are a typical kind of women who love to watch 'saas bahu' serials, they compare their school going kids' Report Cards at School Bus Stops and they buy shares & clothes in their free time. They have no free time when they have 'bad maid days'. Then there are those who leave their kids with the maids and go shopping for clothes that will make them look a little thinner. These are the more interesting ones,they probably spend their long suffering husbands' hard earned money in shopping malls, jewelery stores and the stock market. The first kind are frequently seen in Saffola, Ariel and Bournvita ads. I think one might find the second kind in cheap soaps on TV (With names starting with K?). Since there is no typical Indian Home Maker you'll find shades of 'all kinds' in my blog. Have fun :)
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