Stocks & Shares

Disclaimer: Nothing is good/bad, right/wrong. It's all in your mind.

Everyone’s into Stocks & Shares – Good

Rohan Pandit is not - Good too!

Being an Engineer, I’m naturally weak at money & finance (:P) but then, I genuinely believe that I’m fully loaded with Common Sense. To be very honest, I do not understand the concept of investing in stocks & shares. Of course, it's a good way of earning (read: losing?) money for anyone who’s looking for a secondary income. I’ve already read dozens of stories of men & women who made it big at stock exchange! But still…

This is what everyone does - find and hire a stock market wizard (you can see them at every nook & corner), trust him, give him the money, he gives a return which is slightly higher than the banks’ return. This, for me, is ridiculous.

First of all, I want to be in control! I can’t just let things happen and do nothing about it. Stock market doesn’t go up & down as per your will and therefore I think it's the riskiest place to put your money in; of course, if you are not a company going public ;). The standard advice the finance wizards give is - “Buy when the prices are low and sell when the prices are high”. Then if the stock value goes down, you must wait until there’s a boom. Guess how risky it is if I’m a retired man with only bank savings at my rescue?

Moreover, “buy when prices are low…” is a philosophy which everyone understands. If everyone buys when the price is low, how will everyone make money when the prices go up?

Whatever, I’ll try to be away from Stock Market as long as possible. I will know when to go there.