About a year back we were all perhaps not so optimistic about the markets. Now we all are optimistic – what this means is the risk in the market has increased !! Risk is counter intuitive and it has always been like that for a long time.
About a year ago when I saw the prices of auto and FMCG scrips I was happy to sell them. Specifically I was happy to sell Colgate at 430, Gillette at 900, Ashok Leyland at 49, Tata Motors at 600,..and there were many others too…..so I called my broker. Thank God not doing it online has its advantages – there is a counter-view to all your decisions :).
Other than 400 shares of Ashok Leyland (which he had made me buy in 1995, 2002, and 2008 at sub-20 prices) all other shares stayed. Even in Ashok Leyland 3600 shares stayed :).
If you see today’s price you understand the value of a second opinion of a person whom you trust……..and the brokerage that I could have ‘saved’ (presumably it would be cheaper) is not worth the trouble….surely all of you agree?
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