Reflections... Weekend Reflections : 17th June 2017 I started investing in stocks in 1983, while still in college. The first Bull Run I experienced was in 1985 during Rajiv Gandhi's time, but I had not studied history of the markets and hence sold out early. The second time I thought I was better prepared. In 1992 I was scared of my wits when the market started rising irrationally. However, having seen '85, I held on and saw my NAV spiraling upwards, When I could no longer believe that it was God's intention to make me Rich, I sold out and that day almost coincided with the peak. When the Harshad Scam broke out I thought God was really on my side and keeping some money aside for my first Car : A Maruti 800, I ploughed back the rest of the money a 1000 points below the peak. But I saw a slow downward grind of the market which fell another 1500 points over the next year, thereby completely wiping out all my gains. In the 1999-00 Dotcom Bull run , I was more careful and I advised clients to put a trailing stop loss ( ie. protecting their profits in case market reverses) and was able to save a few of my client's profits, since most of them did not heed my advice.Same was the case in 2007-08 Bull Run. Again most of the clients called me a Perma Bear and refused to listen. Now we are in the midst of another crazy bull run with all the analysts in the media goading investors to buy blindly. The valuations today are higher than we have ever seen for so many mid caps and micro caps. Stock Markets are irrational for more time than we can imagine. In such times, while enjoying the Bull Run and the positive effect it has on one's portfolios, it would be prudent to keep trailing stop losses and protect one's profits. Hope some one else other than me learns from my past mistakes. Happy Investing Commodity rates Gold Silver Rupee Global Markets Sorry your browser does not support IFRAME News Feed BNP Paribas Arbitrage sells 1.40 lakh shares of Matrimony.com Corporation San Finance buys 8.77 lakh shares of Bharat Road Network ILFS Financial Services sells 33.96 lakh shares of A2Z Infra Engg United Breweries gains 3% after Motilal Oswal upgrades, hikes target on demand revival hope Morgan Stanley sees 32% upside on Future Retail, but stock trades weak Metal stocks melt as North Korea fears, China downgrade spark fall in global metal prices LT falls over 3%, but finds support from CLSA as it raises target price Stock Market Views Ep. 251 – Geno Bisconte: “YOU ONLY N... Geno Bisconte told me, “I kept getting depressed because here I was 20 years later, barely ... Posted: Wed, 06 Sep 2017 16:17:46 Source: James Altucher Intellectual fallout from the likely fai... 1. The Democrats were debating single payer while this bill, which they dread, nearly passed (and... Posted: Sat, 23 Sep 2017 17:53:35 Source: Marginal Revolution Other Useful Links Money Control Reuters Market Oracle Bloomberg Attention Investors: Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .... Issued in the interest of Investors. Attention Investors: KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. Quick Links:Parliament|SEBI|BSE|NSE|RBI|DCA|FIN MIN|AMFI Risk Disclosure Doc|Anti Money Laundering|Disclaimer|FAQ|Privacy Policy|Procedures SEBI REGN NO: INF 230779022 / INB 230779022 TM Code No. :07790 For Investor Grievance: Contact E-mail: refinv@airtelmail.in Compliance Officer: Chandrika Sambrani: csambrani@gmail.com 15/1, Beach Home Avenue, 1st Cross, Besant Nagar, Chennai - 600 090 Phone: (044) 24913587 / 24919120 Reflectioninvestments2011 © copyright