About 6 months back I had a long list of shares to buy…rather discuss with my broker..let me share some of them..
1. I thought Reliance was a great buy at Rs. 1150…he said hold on, do not be in a hurry. Today it is sub 800.
2. I thought Tata Motors at 1000 was good – so I wanted to buy DVR at 900. He held my hand. He said you can replace TM with Dvr…I said with such a small quantity of TM..i did not wish to play games….
3. I thought 2-3 weeks ago Sterling Resorts was a good buy at Rs. 120…he said NO.
I could just go on and on
He said ‘is your cash in the liquid account and savings account BITING you? Just chill.
India Cement, Punj Lloyd – I wanted to punt…well u guessed it right, he said wait for prices to go really down..I remember when I said India Cement the price was Rs. 110…now it is Rs. 65. I wanted to buy GMR at 64…he said 32…
So sometimes (many times) stopping is a greater help than finding ‘what to buy’.
Only share I bought INSPITE OF HIM SAYING NO …was DVR at 590…I told him will sell Tata Motors only in an upturn – he said SELL TATA MOTORS AND REPLACE WITH TATA MOTORS DVR…DID not listen…stupid me!!
I still have a list….now he is at least willing to talk to me….he said ‘next week let us re look….at your list’…
really I am asking myself…’is my cash biting me?’….the answer is NO….L O L
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