Team CrawFin/ Harshal Jawale, CFPCM
I come across many investors who invest into stocks reading one article or listens to a expert on TV, later when things do go the expected way they blame expert for the mess. Little they know that the mess is formulated by themselves by finding FREE solutions to arrive at investment decisions.
I am taking example of Mr. Sudarshan Sukhani who advises on CNBC TV18 on trends in the market. Time period taken is just ten days to prove how wrong things can get within such a short time. Below are links, dates and words of him that tells us about the trend of nifty.
On 21st Nov he says that pullback rally is on cards and nifty may touch 5050
On 22nd he reiterates possibility of pullback rally
On 23rd he forgets about pullback rally and advises to add short sell positions because the trend seen is down
On 24th he advises to stay away from market
On 25th he again forgets his own advise of adding short sell position and believes that consolidation process is started, according to him nifty may touch 5050 (his original advise on 21st)
On 28th he advises traders to exit short sell and buy long positions, trend seems to be up now. His advice follower on 23rd who might have added short position is sitting on losses, lowest level of nifty were seen, he may never get out of his short position bleeding continuously
On 30th Nov he again advises to short sell at 4900
On 1st Dec he again believes that the trend is up and nifty is likely to hit 5200, second time within 10 days his followers are caught at selling position, bleeding continuously
On 7th Dec, yes you read is right he was not available for few days. So what will you do in such a situation if market makes drastic moves, you would not have your expert to guide you.
I am here just trying to prove how much will it affect within just a matter of days if your investments go wrong. Don’t listen/read to experts on TV or paper, it is simple to advise and add disclaimer. Make these experts accountable for your portfolio even if it means paying a small sum for the service. I am sure all these experts makes good money for their clients because fees paid by them puts expert on toes. Expert then will make sure you transact in right direction, at right time, with right amount, in right stock and won’t just vanish easily. Even if you have free access to expert then make sure you have continuous access to him, then only you will be able to make informed decision if in case he changes his views.
21 NOV 2011
22 NOV 2011
23 NOV 2011
24 NOV 2011
25 NOV 2011
25 NOV 2011
28 NOV 2011
28 NOV 2011
30 NOV 2011
1 DEC 2011
1 DEC 2011
2 DEC 2011
7 DEC 2011
Wealthy Investments need Healthy Methods !!!
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