papa's gyan
papa would tell me, "beta never get married to someone whose living depends on the stock market"
snippets i heard yesterday...
the owners of 'cream center' which is a very famous chain of restaurants in mumbai have gone bankrupt..
reason : lost money in the stock market
flash back... a year ago...
flat owner: i will sell this flat for 95 lakhs
uncle: i will pay 90 lakhs
flat owner: i wont even accept 94 lakhs.
result... no deal
2 days ago...
uncle: how much for the flat?
flat owner: 60 lakhs
uncle: i shall pay 55 lakhs
flat owner: ok deal.
uncle: i want to see the flat papers
flat owner: sure
(calls his son)
flat owner to son: we have got a deal for the flat. 55 lakhs. send the papers.
son: err don't you know? the papers are with the bank. we mortgaged the flat to buy shares from the stock market.
game, set over...
papa was right....
and i am glad i stuck to his gyan...
laterzz :p
snippets i heard yesterday...
the owners of 'cream center' which is a very famous chain of restaurants in mumbai have gone bankrupt..
reason : lost money in the stock market
flash back... a year ago...
flat owner: i will sell this flat for 95 lakhs
uncle: i will pay 90 lakhs
flat owner: i wont even accept 94 lakhs.
result... no deal
2 days ago...
uncle: how much for the flat?
flat owner: 60 lakhs
uncle: i shall pay 55 lakhs
flat owner: ok deal.
uncle: i want to see the flat papers
flat owner: sure
(calls his son)
flat owner to son: we have got a deal for the flat. 55 lakhs. send the papers.
son: err don't you know? the papers are with the bank. we mortgaged the flat to buy shares from the stock market.
game, set over...
papa was right....
and i am glad i stuck to his gyan...
laterzz :p
posted by messys musings | 10:02 AM
5 Comments:
Warren Buffet had given 10 advises for Middle class about how to deal and play in stock market. Advise no 1...DO NOT go to stock market. Advise no 2..Do NOT , EVER, go to stock market.. ....Advise no 10....Same as no 1 and 2.
His advise no 11 is..If you Ever want to go to loose money, go through a diversified mutual fund. And take the route of Systemic Investment Plan option, since you will NEVER be able to time the market.
How true he is.
Amazing!! How changes come!
Hey Messy just came to check up on ya. Hope all is well with u and ur family. Stay safe!
*HUGZ*
Keshi.
papa was brilliant..
m000nie d u still rem me? :)
Keshi.
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