Thursday, August 03, 2006
Investing in Stock Market today
The stock market has crashed due to rise in inflation for last 3 to 4 months. Though the market had crashed very badly (for instance, the value of ITC was above Rs.1000/share in April 2006, today it is around Rs.169/share), the mood seems to be improving. The prices had come down drastically. This is the right time to invest in shares. The prices are lingering in their lowest value. I had tracked the market for last couple of months. the market was extremely volatile. But since last week the prices are more or less stable and increasing. But not to worry. If you are investing for long term (2-3 years) you will get very good returns that no investment can give. But if you are looking for short term investment (less than 6 months), you need to keep track on a daily basis. Don't be greedy and expect the price to rise always. Take a prudent decision and sell when you think you have earned enough profit. Chances you may even face a loss.
Ask me questions, I would love to answer them...
Happy blogging!!!
