The Stock Market is the device to transfer wealth from the IMPATIENT to the PATIENT. After swinging in a range for almost one and half years, markets breached their previous peaks and are scaling new one now. Markets have risen by almost over 14% in last three months. Major reason for this sudden rise is the return of FIIs to the Indian stock markets following the fact that India is the fastest growing economy and growing over 6% despite covid, global economic slowdown and geo-political tensions. We invest for long term and everyone knows in the long run markets will go up irrespective of intermittent shocks like scams, dot-com bubble, Lehman crisis, covid or banking troubles in USA etc. Following picture depict the journey of Sensex over 40 years since its inception. Source; www.thenwsmen.co.in The unfortunate part is we are more concerned about the short term movements of the markets. Every time there is sudden rise or fall in them market we are gripped more by f...
Ajay Sharma, Founder of Investmentmitra is an Air Force Veteran and an Alumnus of IIM Calcutta. He is also President of All Mutual Fund Distributors Welfare Assocaition and a Member on Board of Management of The Sonepat Urban Cooperative Bank Ltd. The Blog Here we share our views on economy, markets, politics, events etc. and how they impact our investments. We also share occasionally interesting investment products that we believe are worth considering for investments by the reader.