All investors in the stock markets are bombarded with “free of cost” advices by the so called “market experts” through print and visual media.
How many of us still believe that we are in an era where we can get a free and genuine advice to multiply our hard earned money? Alas! I have stopped considering “experts” advices after loosing nearly Rs.2 million in the stock market trading and investing in various instruments many a times influenced by the experts advices.
I have started asking myself following simple questions after the damage is done?
a. Did we ever get any stock specific advice well in advance from the most successful global investor, Warren Buffet and India’s most successful investor and trader Rakesh Jhunjunwala? NO. However, print media and visual media creates a buzz around the holdings of these investors from time to time. Also, Buzz is created around their new equity stakes and purchases. However, we have noticed them being bullish on specific sectors from time to time and voicing their views on the general direction of global and regional economies and markets. Why are these successful men not offering stock specific advises unlike other experts?
b. It is a well known fact that most of the experts offering you free advice have some interest behind their public utterances, be it solicitation to their subscription services from the retail & HNI investors or Portfolio management services or mutual fund services.
c. If the so call experts were so smart, they can utilise their special knowledge to further their own interests and earnings akin to Rakesh Jhunjunwala.
d. I have observed that most of the recommendations that come in to public domain have a time lag from the time they recommend to their clients and the time they express/recommend in the media. Average retail investor who is looking for making some quick money gets attracted to the recommendation and most of the times will become the spring board for the paid clientele of the expert to exit the stock with a profit.
Unfortunately, we are bombarded with too much unwarranted and contradicting information with the advent of many business channels and sites on the internet, which are corrupting our own investment rationale and decisions thus leading to wrong execution at most times.
How many of us still believe that we are in an era where we can get a free and genuine advice to multiply our hard earned money? Alas! I have stopped considering “experts” advices after loosing nearly Rs.2 million in the stock market trading and investing in various instruments many a times influenced by the experts advices.
I have started asking myself following simple questions after the damage is done?
a. Did we ever get any stock specific advice well in advance from the most successful global investor, Warren Buffet and India’s most successful investor and trader Rakesh Jhunjunwala? NO. However, print media and visual media creates a buzz around the holdings of these investors from time to time. Also, Buzz is created around their new equity stakes and purchases. However, we have noticed them being bullish on specific sectors from time to time and voicing their views on the general direction of global and regional economies and markets. Why are these successful men not offering stock specific advises unlike other experts?
b. It is a well known fact that most of the experts offering you free advice have some interest behind their public utterances, be it solicitation to their subscription services from the retail & HNI investors or Portfolio management services or mutual fund services.
c. If the so call experts were so smart, they can utilise their special knowledge to further their own interests and earnings akin to Rakesh Jhunjunwala.
d. I have observed that most of the recommendations that come in to public domain have a time lag from the time they recommend to their clients and the time they express/recommend in the media. Average retail investor who is looking for making some quick money gets attracted to the recommendation and most of the times will become the spring board for the paid clientele of the expert to exit the stock with a profit.
Unfortunately, we are bombarded with too much unwarranted and contradicting information with the advent of many business channels and sites on the internet, which are corrupting our own investment rationale and decisions thus leading to wrong execution at most times.
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