How a typical new investor behaves…
At 25000: Market is too high. My dad tells me it has crossed 21000 too fast, so it will come down. I will wait. I have 50,000 Rs.
At 26000: Not sure, wondering whether to invest, my father is not so sure too.
At 27000: I think I should have invested at least Rs. 25000. My mistake. If it comes to 26k I will invest the whole thing.
At 28000: Ok I will listen to my Relationship manager and invest in…..Fund, they know the business.
At 29000: Now I will invest the remaining 25000 also..market seems to be headed for 35k at least according to a channel!!!
At 28000: This is a temporary correction, market will come back to 30k soon.
At 27000: My RM is saying start a new SIP – guy gets a commission so he is suggesting..
At 26000: Subra also says ‘equity is for the long run’ why should I worry?
At 25000: Hmm my dad was right if I had put this money in a bank FD..at least the capital would have been safe
At 23000: I should have listened to the RM..at least I would have got more units on the way down
At 21700: My father was right, I should have listened to him. I have lost too much money…
At 21000: I sold off everything. What a relief. Markets are for Gujjus, Marwaris..others..not for simple Madrasis like me….
btw we are talking about the Sensex, not the Nifty – just in case you thought i was talking about Nifty…
hypothetical…of course
Srikar
Subra sir, you are the best in depicting human behavior
kamalmin
yes you are right market is not for madrasis but it for chennaites 🙂
MPSingh
How true and how well described. Subra you can find humour in tragedy.
Sansvk
Trust me, I have gone through some of this between 2004 to 2010.It happens.
Since 2010, I have peacefully been investing irrespective of the market conditions.
Sid
Take a bow.
This is one of the most pragmatic posts off late. That what is written is apt, nothing less, nothing more. Thanks Subra.
Chandu
I can relate to myself for sure – how true !
prassri
Excellent and Hilarious. hahahah!!!