As part of reducing the myths of the general investor it seems this comics is the best way to put across.
Recently i was recommending a friend to buy Clariant Chemicals, Aditya Birla Nuvo, Nesco with a long term view.
This is what i got.
Meanwhile he did not even check out the fact that Aditya Birla Nuvo is a 10k crore market cap company and holding company of the Birla Group.
Things to learn:
- > Just because a stock is in Nifty 50 or Sensex 30 does not imply its a fundamentally sound stock.
-> Just because a company is a known name its a great company.
-> Every company can be great but it comes at a price and that is a very important criteria.
-> The market conditions and timing form a very important factor for investment.
One of the simpler things which comes to mind is in December nobody was interested even in the so called fundamentally sound stocks.