...Basant Sir you have opened up a Pandora's box.
My own two cents to this: TV channels and analyst are there to sensationalize the news so that there viewer ratings can be increased.Most of us(atleast I can speak for myself) who invest in the Market have no way of doing Ground intensive research to evaluate a stock/or Business.
Ofcourse,we all try to do a little bit of research and groundwork before buying stocks,but I don't think that is ever enough.Everything can be manipulated -however I think the point that you are trying to make is "Rationalism".
I think the aforementioned topic should have been more focussed on "Who to Trust/What to trust/How to rationalize" --that could have helped the members more.
This is generally what happens
:
1) Read Warren Buffet on his general outlook of the economy and investing in equity market.
There are so many others with varied opinions,it does not make sense listening those international analysts .
2) Read/Listen RJ for indian market on his general outlook of the Indian economy.
I trust him for two reasons,one his long term view is always that of Optimism and second he does not need to prove his point atleast on channels-so most of the time he speaks his mind out.
3) Get motivated
-hope to become as rich as they are.
4) Come to TED,there are so many stocks that we have discussed in and out.Try to see which one are the most popular.
e.g.:
AxisBank
Titan
Pantaloon
HDFC(Safer bet)
Voltas etc,etc:
Hidden Gem
...explore more of this-may be you will find something that no one on TED has been able to do so
.Based on your risk appetite decide your equity allocation. (Smart Alecs-will never buy what is safe but will buy more risky stocks)
3) Go churn your Portfolio,allocate 70% of Money to stocks that are fundamentally good.Allocate 30% of the money to Stock that you think is your Luck star.
4) See your Stock price dropping as soon as you buy it.
Reread 1 and 2,get motivated and swear to keep invested for Long term
5) Stock Prices drop some more.
6) Read/Listen to various Analysts for Fun,they can't differentiate 'A' from 'B'.Try to see what they say about your stock pick.
Get confused,get fearfull and sell out Stock that you picked above.
6) See the Price of stocks going up as soon as you sell it.
Rebuy them at higher price and swear never to hear the Jokers on TV again.
And the cycle repeats.
Motto:
To become exceptionaly rich(Triple Money-I won't guarantee more than that
),Buy Fundamentally good and safe Stock when the market goes to 11,000 it may go down to 7,000 but you never know.
Hold it and don't loose conviction even if the entire Industry of Analysts starts screaming Sell-Sell.
Wait for a year Market starts moving up.Market crosses 12,000 don't buy now even if all the Analysts start shouting Buy-Buy and don't sell now even if all the Analysts start advisng to Book Profit. STAY PUT
Market reaches 24-26000 -Sell %age of your equity now and book Profits now if you have need for Money.Even if all the Analysts say Market will touch 30k.It may touch but you never know.
Wait for next cycle.
Happy TEDing.
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