If anyone is into stocks - you would know what it means for the new high that Sensex and is making these days. It is an amazing Bull run :) and I am not complaining since my 20K investment 3 months back is almost close to 45K in value.
It's a dream run, and talks well about the environment in the country. Despite political instability, regular attack on our democracy (latest blast has witnessed loss of 12 lives - in a theater ... why do people do something like this... ) and multiple issues faced by the country, at least investments in the market indicate that India is on the right path and making rapid progress to instill confidence, and all indications for a good economy. Things are not THAT bad afterall...
I get tips from a very good friend - who is a Technical Analyst Mr. M. B. Singh A regular guest on most of the business channels on television. My source and reason for making this quantum doubling of investment is purely due to his guidance and tips... Thanks Bhanu :)
The best deal with these analysts is the profound words of wisdom they have for old and new traders -- The best I like is "When in doubt, Stay Out" It can't be better than that under any circumstance. Unless if you are a cash loaded born baron with nothing to worry about; else there is no difference between a gambler and a trader. More Risks, more gains, and word of caution .. No gain and all pain if you don't know what you are going to to and how market is going to take away all your hard earned money in a single shot... Rather scary... so I let the professional take over, share commission, and make a decent return, which is always more than what I get from a normal fixed deposit or bank investment.
Keeping my fingers crossed to witness more rapid movement of the markets, and who knows, 20K could yield 60K in no time .. should markets continue to run with same steam.
Bears Beware, Bulls are on rampage.
Until next time, Adios,
GS
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