Saturday, January 3, 2009

WHAT HAPPENED TO INVESTMENT LOSSES IN 2008

A leading website on finance says that "2009 is a year of sowing"
The question asked by many investors who had put their money into equity in late 2007 and the whole of 2008 have had their money gone for ever. The gullible middle class investor lured by the surging Sensex and Nifty and totally unaware of the gyronomics of the Indian Stock Market are today stuck with losses of nearly 50-75% . The friendly neighbourhood advisor seem to have vanished .
Sowing at the expense of those investors who have had their investments vanish. The equity savvy investors are now seen running towards banks a once forgotten and mocked upon entity.
The stock market prophets professed in early 2008 that the Sensex would touch 25000 towards the end of 2008 but what we saw is that the Market touched nearly 8000 levels.
It is highly unfair to misguide investors by these highly acclaimed websites who seem to be a front for all investment related companies.
Another, so called research website speaks of such terms which I doubt even the CEO of the website might not understand.
There is a general tendency of all these so called Financial related website to promote private Asset Management Companies rather than State run companies and their schemes like UTI , LIc etc.
What qualification do these so called pundits possess regarding the Analysis of investments .
A friend of mine tells me that many stock brokers who even now cannot converse in English properly have set up plush offices on Dalal Street and have given anglicised names to their companies thereby misleading the general public.

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