Dear Friends!
There were ever so many incidents with stocks and dealing in them for 35 years! Yet I can say profits made on all those longterms investments got wiped out on all short trading losses. So it all evened out with more spiritual riches than the material kind :D
Once a friend who pitched in large amounts of money alongwith my sister during crisis time used to comment that he would feel secure if it were landed assets and not ones on mere piece of paper. He was so right.
In olden times our elders used to lock up their investments either in gold or land/house. In Tamil this is expressd very nicely in just 2 words which has loaded meaning! "Ponno, manno"
This means either gold or land. As both were considered as tangible assest anyday.
Right from my college days I would wear the minimum of gold on my person. I would hate stocking up on gold and would never visit jewellery shops frequently so there used to be hardly any money sunk into gold for me.
More on gold in subsequent posts, god willing.
Since the year 2004-05 my focus has been more on real estate and with a list of what to look out for so that I dont get cheated where legalities or otherwise of documents are concerned.
It dawned on me that for everyone the same rule applies. It is easy to get or inherit wealth but very difficult to safe keep it for ourselves and pass it down to our next generation. In the reverse it is so easy to lose wealth due to quick decisions we make. We are secretive about money matters as families become nuclear units. There are no elders' advice sought for fear of this or that. These are days of consultants. They go by any fancy name which can attract clients to them. Sure they do have good knowledge about schemes and how much returns our money can get us. But no actual gaurantees on our investments at all. The risk is all ours and fees are all theirs for the advice. Our elders would sound out caution each time, even though we would get angry at such interference and poking their nose in our affairs yet it did make us think and we did have another view point before sinking our money. Now friends are turned to for such sounding out. If the friend is sincere, knowledgeable and you mkae money out of his advice, then it is worth.
If the friend does not know much and still gives advice and we follow, only to lose money.
We lose both money and friendship too!
These are days of marketing everything by known good firms and unknown with promises of high yeilding returns. It is this fine line which we should look out for. Whenever there is a promise of some very high returns than the normal which a bit higher than the bank returns then there is every chance that you will be lucky if you get back your capital intact. In some cases the high returns are paid promptly initially and then the company does the disappearing act! Say you parted with Rs.10000/- and the company paid you monthly returns of Rs.2000/- for a couple of months. Then the third month it is time you kissed your investment good bye. You can forget Rs.6000/- or run round in circles spending an additional Rs.6000/- trying to recover the balance!
By this time our BP and sugar would also keep pace with such events. Our rounds to the doctor and running several tests and buying medicines to treat a disease which the doctor finds it very hard to diagnose!! Since we have anyway come to him/her the doctor will prescribe some tests and medicines too without actually curing our problem of how to get back our lost investments!
Is this not a vicious enough cycle. By the time we realise or come across wise counsel many grey hair would have started appearing to make us appear wiser!!
I have been counselling many people all these years from my own experience. I am sharing these in my blogs in an open manner as its so easy to write what I feel about it all.
I am past all the bitterness of losing. I am past regretting the past. I am past blaming someone else for my own mistakes. The day I cut myself from it all I made my peace. I knew from then on there was no further loss to make, no further blaming anyone else but I knew it will take a while to regain lost health, many more sleepless nights and much more days of working to keep earning money.
The moral of today's story is - it is very easy to lose money and very hard to earn it. It is easy to sell but very difficult to buy later. It is easy to inherit wealth but it is very difficult to safe keep in our life times.
Or perhaps we are all just trustees of what we think is our hard earned money. God makes us pass it on in our lifetime to many people in different forms of expenses - some people we know and some whose face also we may never have our eyes on!
Is this what we call our karmas and try to calm our mind of the junk called thoughts of regret!
Move on oh human. We have one life to live. Let us lead that with peace and good health. Let us make others happy. What we lose is not really ours. Let us not blame others for our own mistakes. God has given us thinking abilities to set us apart other creatures. Let us try and lead a simple life. A life with less complications. Where our needs match what we make.
Cheers!
Mahalakshmi
Saturday, June 12, 2010
Wednesday, June 9, 2010
The Truth about Stock Markets - 3
Dear Friends,
I would like to recount one particular event related to stock losses.
This was during the year 1999 when there was a team of people frequenting the brokers office for online share trading business.
Many became friends as we sat with excitement picking and choosing shares between 10am and 3.30pm each day.
If one member were to have made some profits, he or she would order some tiffin and coffee from a good vegetarian restaurant downstairs. It was bonhomie. It was fun until the losses began to haunt us all.
One particular person just known to us as Dev, a middle aged Malayali man, was a frequent member hardly speaking to any of us. He would do the deals in a calm and collected manner. We could all see he was influenced by some of our choices, enough to change his selection to ours - all with the hope of making that extra buck for the day.
My favourite counter used to be Satyam Computers which used to quote around 200 to 220 per share, if I recall it right. We bought and sold and pocketed the difference as profits. It shot to 400 and above a few months later. So that was all the more reason to buy into the share which had shot up to double of what it was. Such was the craze and madness with all adults acting like a bunch of excited kids out on some picnic with no one to reprimand them or correct them, stop them from such madness, then and there!
When it doubled I was the first to get out of that share for fear of the bubble bursting. With all my past experience at shares I should know at least this much. I could hear Dev placing an order for Satyam at that a high price and that too in bulk quantities. I called him aside and told him to cancel the order as I feared it would all go bust in no time as it had reached its run already before purchasers turned sellers to profit.
The broker who overheard got so furious about my advice to a prospective client not to deal for the day, that he asked me either to keep good advice to myself or refrain from coming to the centre on such days instead of interfering in his other clients' preferences.
He also praised Dev to us saying he is reaping so much profits out of all his deals which now ran into crores of rupees without actually investing in such huge amounts!
Obviously Dev was very happy to hear praise about his profiting though we came to know later that it was far from the truth. This was pure PR in tempting more people to deal so that the brokers got their brokerages no matter what.
He waited till the last minute to close the deal but the thought of making a huge loss made him hold back at every little rise on that fateful day, The shares had plunged to a low of 20% whereas he had bought them at the day's peak price of +20%. So both ways it worked to a huge difference of 40% from the original price. He had made a loss of 25 lakh rupees (Rs.25,00,000/-!!) as it was bulk purchase. He was warned not to keep his position open anymore and expose the broking firm to such heavy losses. So with his oral permission the brokers sold it for whatever market rates that were prevailing in those last few minutes of trading just before closing bell struck to mark the end of the trading day.
I saw the pain and shock in that man's eyes and empathized with what he was going through at that moment as we had also gone through the same in earlier couple of deals but losing only a few thousands which we could easily cover in the next few deals. This was huge. For that price we could easily buy the best bungalow in Adyar, a posh locality in those days.
He went home that evening. He dint report back at all for a couple of days. The brokers then began making enquiries about the exact location of his address which he had indicated in his application forms.
They had phoned him at his home but none was picking it up. On the 3rd day, his wife answered the phone. She did not know what these men were talking about!! Ignorance thy name is bliss for the uninitiated. She informed about her husband's sudden travel plans a couple of days back to his native village in Kerala.
These men went knocking at his door to find only the wife there with her school going kids. They explained matters to her and she in turn did everything in her power to bring him back to Chennai. Of course anyone can imagine no wife could have tolerated or borne this news with calm. She must have brought the roof down trying to blame him for all her troubles. The next day saw him come to the office.
He was approaching anyone with an offer to sell his beautiful house in Chennai for 25Lakhs but for only cash down parties.
It took him quite a while to sell and settle his debts. Later I found him on two or three occassions dealing in shares again.
The human mind thinks it can salvage this huge loss in quick time but knows the truth that it will further lose the fresh amounts invested.
That is how gullible the human mind is in its total and unsahkeable faith in making only profits in gambling activities while the contrary (of always making losses) is always true 99.9999 out of 100 cases.
I could never go back to trading after these events but I would go just to see who are all there to lose more of their hard earned money.
Most of them would be retired people from all walks of life. Those who arrived in self-driven cars would have retired from high posts and got a hefty amounts as gratuity, PF, other retirement benefits in the form of bulk money payments from their work places.
Others perhaps would have retired as clerks, accountants, etc. but still have some bulk money to lose!
One common thing that I noticed was how boastful they would be if they made a tiny profit in hundreds and how quiet they would remain with long drawn faces when they made losses in thousands!
Often all would end up with losses each day.
Yet those very feet would find their way to such centres come morrow.
Is it a habit?
Is it an addiction? A sort of compulsion having nothing better to do?
Is it a routine they are getting used to just as they would in attending office each day?
I stopped going there to see their expressions long time ago. Some sad faces do haunt. There would be couples or singles with no one in the family to go to. But all had enough money for maintaining a certain lifestyle. The kids would never know their parents were indulging in such activities. It would be a very well kept secret. Some would confess in passing that the money was sent by their son or daughter for buying a house or flat in the city. The idle money could be used to double in no time at the stocks!! But alas only in reverse!!!
I pray to God to give such people better sense than to lose hard earned money in such choppy ventures where cartels work hard to make the adventurous ones poorer within a second.
What I write comes from deep within my heart. It took me this long to open up to blog about such things publicly, almost a decade to open up! Even if one person were to benefit due to this these true stories would have served its purpose and a family saved from near ruin.
Take care of your hard earned money. More on finances in the coming days!!
Mahalakshmi
I would like to recount one particular event related to stock losses.
This was during the year 1999 when there was a team of people frequenting the brokers office for online share trading business.
Many became friends as we sat with excitement picking and choosing shares between 10am and 3.30pm each day.
If one member were to have made some profits, he or she would order some tiffin and coffee from a good vegetarian restaurant downstairs. It was bonhomie. It was fun until the losses began to haunt us all.
One particular person just known to us as Dev, a middle aged Malayali man, was a frequent member hardly speaking to any of us. He would do the deals in a calm and collected manner. We could all see he was influenced by some of our choices, enough to change his selection to ours - all with the hope of making that extra buck for the day.
My favourite counter used to be Satyam Computers which used to quote around 200 to 220 per share, if I recall it right. We bought and sold and pocketed the difference as profits. It shot to 400 and above a few months later. So that was all the more reason to buy into the share which had shot up to double of what it was. Such was the craze and madness with all adults acting like a bunch of excited kids out on some picnic with no one to reprimand them or correct them, stop them from such madness, then and there!
When it doubled I was the first to get out of that share for fear of the bubble bursting. With all my past experience at shares I should know at least this much. I could hear Dev placing an order for Satyam at that a high price and that too in bulk quantities. I called him aside and told him to cancel the order as I feared it would all go bust in no time as it had reached its run already before purchasers turned sellers to profit.
The broker who overheard got so furious about my advice to a prospective client not to deal for the day, that he asked me either to keep good advice to myself or refrain from coming to the centre on such days instead of interfering in his other clients' preferences.
He also praised Dev to us saying he is reaping so much profits out of all his deals which now ran into crores of rupees without actually investing in such huge amounts!
Obviously Dev was very happy to hear praise about his profiting though we came to know later that it was far from the truth. This was pure PR in tempting more people to deal so that the brokers got their brokerages no matter what.
He waited till the last minute to close the deal but the thought of making a huge loss made him hold back at every little rise on that fateful day, The shares had plunged to a low of 20% whereas he had bought them at the day's peak price of +20%. So both ways it worked to a huge difference of 40% from the original price. He had made a loss of 25 lakh rupees (Rs.25,00,000/-!!) as it was bulk purchase. He was warned not to keep his position open anymore and expose the broking firm to such heavy losses. So with his oral permission the brokers sold it for whatever market rates that were prevailing in those last few minutes of trading just before closing bell struck to mark the end of the trading day.
I saw the pain and shock in that man's eyes and empathized with what he was going through at that moment as we had also gone through the same in earlier couple of deals but losing only a few thousands which we could easily cover in the next few deals. This was huge. For that price we could easily buy the best bungalow in Adyar, a posh locality in those days.
He went home that evening. He dint report back at all for a couple of days. The brokers then began making enquiries about the exact location of his address which he had indicated in his application forms.
They had phoned him at his home but none was picking it up. On the 3rd day, his wife answered the phone. She did not know what these men were talking about!! Ignorance thy name is bliss for the uninitiated. She informed about her husband's sudden travel plans a couple of days back to his native village in Kerala.
These men went knocking at his door to find only the wife there with her school going kids. They explained matters to her and she in turn did everything in her power to bring him back to Chennai. Of course anyone can imagine no wife could have tolerated or borne this news with calm. She must have brought the roof down trying to blame him for all her troubles. The next day saw him come to the office.
He was approaching anyone with an offer to sell his beautiful house in Chennai for 25Lakhs but for only cash down parties.
It took him quite a while to sell and settle his debts. Later I found him on two or three occassions dealing in shares again.
The human mind thinks it can salvage this huge loss in quick time but knows the truth that it will further lose the fresh amounts invested.
That is how gullible the human mind is in its total and unsahkeable faith in making only profits in gambling activities while the contrary (of always making losses) is always true 99.9999 out of 100 cases.
I could never go back to trading after these events but I would go just to see who are all there to lose more of their hard earned money.
Most of them would be retired people from all walks of life. Those who arrived in self-driven cars would have retired from high posts and got a hefty amounts as gratuity, PF, other retirement benefits in the form of bulk money payments from their work places.
Others perhaps would have retired as clerks, accountants, etc. but still have some bulk money to lose!
One common thing that I noticed was how boastful they would be if they made a tiny profit in hundreds and how quiet they would remain with long drawn faces when they made losses in thousands!
Often all would end up with losses each day.
Yet those very feet would find their way to such centres come morrow.
Is it a habit?
Is it an addiction? A sort of compulsion having nothing better to do?
Is it a routine they are getting used to just as they would in attending office each day?
I stopped going there to see their expressions long time ago. Some sad faces do haunt. There would be couples or singles with no one in the family to go to. But all had enough money for maintaining a certain lifestyle. The kids would never know their parents were indulging in such activities. It would be a very well kept secret. Some would confess in passing that the money was sent by their son or daughter for buying a house or flat in the city. The idle money could be used to double in no time at the stocks!! But alas only in reverse!!!
I pray to God to give such people better sense than to lose hard earned money in such choppy ventures where cartels work hard to make the adventurous ones poorer within a second.
What I write comes from deep within my heart. It took me this long to open up to blog about such things publicly, almost a decade to open up! Even if one person were to benefit due to this these true stories would have served its purpose and a family saved from near ruin.
Take care of your hard earned money. More on finances in the coming days!!
Mahalakshmi
Tuesday, June 8, 2010
Stock Markets and Share Trading - 2
Dear Friends,
Both myself and my husband were successful in our small business engineering related venture from the year 1996 and were also making good money at stocks through long term investments.
I remember our tripling investments on a particular share called SAFE in just 45 days which was unbelievable in the past, but these were modern times, nay the period called the Harshad Mehta period. There was so much activity in a range of shares across differnt types of businesses. No analysis, pure speculation, pure gamble and all those who played the game made profits proportionate to the money invested. this went on till 1999.
This was a crucial year in more ways than one. Many changes were happening in different spheres of our lives. Our business was sliding southwards, more and more money spent on fighting a court case involving a family property involving an outsider alongwith the slow erosion of whatever profits, savings and earnings we had in the past. It was as if someone was moving us along a destructive path, over which we had no control. We lost in the share markets. We spent a lot in court matters. The silver lining was that we won the court case after a long struggle but got no immediate financial relief out of that win. After a while we became insensitive to all that was happening to us. We just pulled along, deep in our failures life was dealing us with. Yet the faith and belief that the share market would turn around and we would soon be out of all our financial troubles kept us going from worse to worst.
The brokers had a big part to play too. First they would allow their clients an amount to order shares without paying the entire amount upfront. I think its like the current credit card system where the banks tempt us to spend money which we dont have, which we can later pay up in instalments, which we do not know whether we can indeed pay or not! The brokers would encourage us to put through our deals yet when we could not make any profits on a deal, we were forced to sell and close the deal even if it meant we made losses - big or small. This is how losses pile up for everyone who deals in shares.
Many might question our wisdom in continuing with it even if we made losses in trades. But that is exactly what it was during that time. A time came when we were simply not able to pull through anything which was all happening at one and the same time anymore.
I could not bear the shock of loss anymore. I suffered sleepless nights, digestive problems, fear of tomorrows, chest pain, became secretive about these things. Both of us would talk hush hush about these things and try to manage the situation somehow on our own until we just could not.
But there were many who traded without the knowledge of their wives or husbands even until it was too deeply a gone case. The feeling that tomorrow will be another new day and that it will bring some profits made the world go round.
Many of us were unable to cut ourselves from this vicious cycle. We, who prided ourselves for having made double and triple money on our investments were not sure anymore. I was not too sure anymore about the share markets being a good source to make our money and that was a major turning point in my life.
The year was 2000 and what a hell it was. Soon better sense prevailed and I opted out completely by not turning in that direction at all.
Only later I knew I had made the best decision of my life by cutting myself off from share market activities.
There were debts to be paid but at least it would mean no more added debts to the already existing ones. One sister lent me support which I will always be grateful for. Those were hurtful years. Anyone commenting badly about me was most unwelcome. All and any help was welcome. But the indebtedness was eating at my insides making me feel so guilty of the state that I had walked into when I could have been left with so much of our savings intact.
We are educated, knowledgeable, read up and update ourselves of the current status yet these things visit us to make our lives upside down.
I was not my normal previous self. I knew I needed help and I wanted a diversion of mind and thinking, away from the present hopeless state of mind. Learning Astrology through divine providence was the result. It was a struggle to learn this subject as I had no idea about it at all except for an interest in the occult sciences like numerology, palmistry, western zodiac system from my college days. But not the Hindu astrology. Of which I dint know the A of astrology to begin with.
I learnt it through constant study. Day and night, my waking hours were spent in studying notes on the subject. That was what saved me from getting into depression perhaps.
I have not looked back since then.
If today I am able to guide others on a positive path it is due to the struggles in my personal life than all my theoritical knowledge. Life has taught never to give up or remain in such a sorry state for long. Get up and get moving. Divert your mind to other things or learn a new hobby which will not encourage you into more speculation of some kind.
I watch the ups and downs of the share markets day in and day out even now but without a feeling of any exitement. My mind treats it as any other peice of news that I might read up in the newspapers as a routine, everyday affair.
Re-organize your life. Move on. Divert your mind from the temptations.
Cheers!
Mahalakshmi
Both myself and my husband were successful in our small business engineering related venture from the year 1996 and were also making good money at stocks through long term investments.
I remember our tripling investments on a particular share called SAFE in just 45 days which was unbelievable in the past, but these were modern times, nay the period called the Harshad Mehta period. There was so much activity in a range of shares across differnt types of businesses. No analysis, pure speculation, pure gamble and all those who played the game made profits proportionate to the money invested. this went on till 1999.
This was a crucial year in more ways than one. Many changes were happening in different spheres of our lives. Our business was sliding southwards, more and more money spent on fighting a court case involving a family property involving an outsider alongwith the slow erosion of whatever profits, savings and earnings we had in the past. It was as if someone was moving us along a destructive path, over which we had no control. We lost in the share markets. We spent a lot in court matters. The silver lining was that we won the court case after a long struggle but got no immediate financial relief out of that win. After a while we became insensitive to all that was happening to us. We just pulled along, deep in our failures life was dealing us with. Yet the faith and belief that the share market would turn around and we would soon be out of all our financial troubles kept us going from worse to worst.
The brokers had a big part to play too. First they would allow their clients an amount to order shares without paying the entire amount upfront. I think its like the current credit card system where the banks tempt us to spend money which we dont have, which we can later pay up in instalments, which we do not know whether we can indeed pay or not! The brokers would encourage us to put through our deals yet when we could not make any profits on a deal, we were forced to sell and close the deal even if it meant we made losses - big or small. This is how losses pile up for everyone who deals in shares.
Many might question our wisdom in continuing with it even if we made losses in trades. But that is exactly what it was during that time. A time came when we were simply not able to pull through anything which was all happening at one and the same time anymore.
I could not bear the shock of loss anymore. I suffered sleepless nights, digestive problems, fear of tomorrows, chest pain, became secretive about these things. Both of us would talk hush hush about these things and try to manage the situation somehow on our own until we just could not.
But there were many who traded without the knowledge of their wives or husbands even until it was too deeply a gone case. The feeling that tomorrow will be another new day and that it will bring some profits made the world go round.
Many of us were unable to cut ourselves from this vicious cycle. We, who prided ourselves for having made double and triple money on our investments were not sure anymore. I was not too sure anymore about the share markets being a good source to make our money and that was a major turning point in my life.
The year was 2000 and what a hell it was. Soon better sense prevailed and I opted out completely by not turning in that direction at all.
Only later I knew I had made the best decision of my life by cutting myself off from share market activities.
There were debts to be paid but at least it would mean no more added debts to the already existing ones. One sister lent me support which I will always be grateful for. Those were hurtful years. Anyone commenting badly about me was most unwelcome. All and any help was welcome. But the indebtedness was eating at my insides making me feel so guilty of the state that I had walked into when I could have been left with so much of our savings intact.
We are educated, knowledgeable, read up and update ourselves of the current status yet these things visit us to make our lives upside down.
I was not my normal previous self. I knew I needed help and I wanted a diversion of mind and thinking, away from the present hopeless state of mind. Learning Astrology through divine providence was the result. It was a struggle to learn this subject as I had no idea about it at all except for an interest in the occult sciences like numerology, palmistry, western zodiac system from my college days. But not the Hindu astrology. Of which I dint know the A of astrology to begin with.
I learnt it through constant study. Day and night, my waking hours were spent in studying notes on the subject. That was what saved me from getting into depression perhaps.
I have not looked back since then.
If today I am able to guide others on a positive path it is due to the struggles in my personal life than all my theoritical knowledge. Life has taught never to give up or remain in such a sorry state for long. Get up and get moving. Divert your mind to other things or learn a new hobby which will not encourage you into more speculation of some kind.
I watch the ups and downs of the share markets day in and day out even now but without a feeling of any exitement. My mind treats it as any other peice of news that I might read up in the newspapers as a routine, everyday affair.
Re-organize your life. Move on. Divert your mind from the temptations.
Cheers!
Mahalakshmi
Monday, June 7, 2010
Stock Trading And The Share Markets - 1
Dear Friends,
I bought shares of Ponds India and Hindustan Lever way back in 1973-74 when I was studying for my Degree in Commerce. So much has flown down the bridge as I now look back on this journey of mine.
Let me start at the very beginning!
It was a thrill to anticipate the dividend cheque in those days. The shares were bought on behalf of my sister but I would monitor everything connected to it.
The suspense about how much would be declared per share to shareholders, the invitation to attend the general body meetings, (Ponds would always have theirs at Chennai, then Madras at star hotels like the Taj Coromandel, etc.) which I used to attend when at Chennai from 1985 onwards (I relocated here in 1984).
I started buying shares in my own name and my husband's from the year 1984.
Those were the years when buying shares was so rare and it was for keeps. The long term gains were slow in coming except when a 1:1 bonus was declared every two or three years and the share price would flare up to double and come down to half just after the record date would get over. It was fun picking up terms like cum-bonus, ex-bonus, badla, kerb trades, etc.
Bombay Stock Exchange would be the ultimate and some shares were traded only on the BSE and not locally on Madras Stock Exchange - MSE. Our brokers would try and get special permission to buy those shares for us from their Bombay counterpart. There was thrill in it all. The thrill we got each time we made money from shares and it was quite a lot in those days.
Until then we were quite well off with a fortune in shares. It was well earned where a lot of planning went into selecting shares with earning potential. The returns in terms of dividends were very good. The returns on capital invested was too good. It was always long-term and careful planning. My husband who knew nothing of shares became an expert in analyzing the trend and the studied the company reports and equipped himself with additional information on companies from magazines devoted to information only on this - Money Opportunities, The Dalal Street to name just a few.
Came NIFTY-NSE and trading, the charm wore off and the money simply vanished in a few seconds of our ordering shares in 1999 and 2000. Speculation. Quick money were the favourite mantras to make money through the share markets.
Till then a firm believer in the share markets with dreams of making it big by doubling and tripling money in no time, only to get very disillusioned with the very word now as our profits, savings and our capital, all evaporated like water vapour on a hot summer noon.
More later...
Cheers!
Mahalakshmi
I bought shares of Ponds India and Hindustan Lever way back in 1973-74 when I was studying for my Degree in Commerce. So much has flown down the bridge as I now look back on this journey of mine.
Let me start at the very beginning!
It was a thrill to anticipate the dividend cheque in those days. The shares were bought on behalf of my sister but I would monitor everything connected to it.
The suspense about how much would be declared per share to shareholders, the invitation to attend the general body meetings, (Ponds would always have theirs at Chennai, then Madras at star hotels like the Taj Coromandel, etc.) which I used to attend when at Chennai from 1985 onwards (I relocated here in 1984).
I started buying shares in my own name and my husband's from the year 1984.
Those were the years when buying shares was so rare and it was for keeps. The long term gains were slow in coming except when a 1:1 bonus was declared every two or three years and the share price would flare up to double and come down to half just after the record date would get over. It was fun picking up terms like cum-bonus, ex-bonus, badla, kerb trades, etc.
Bombay Stock Exchange would be the ultimate and some shares were traded only on the BSE and not locally on Madras Stock Exchange - MSE. Our brokers would try and get special permission to buy those shares for us from their Bombay counterpart. There was thrill in it all. The thrill we got each time we made money from shares and it was quite a lot in those days.
Until then we were quite well off with a fortune in shares. It was well earned where a lot of planning went into selecting shares with earning potential. The returns in terms of dividends were very good. The returns on capital invested was too good. It was always long-term and careful planning. My husband who knew nothing of shares became an expert in analyzing the trend and the studied the company reports and equipped himself with additional information on companies from magazines devoted to information only on this - Money Opportunities, The Dalal Street to name just a few.
Came NIFTY-NSE and trading, the charm wore off and the money simply vanished in a few seconds of our ordering shares in 1999 and 2000. Speculation. Quick money were the favourite mantras to make money through the share markets.
Till then a firm believer in the share markets with dreams of making it big by doubling and tripling money in no time, only to get very disillusioned with the very word now as our profits, savings and our capital, all evaporated like water vapour on a hot summer noon.
More later...
Cheers!
Mahalakshmi
Sunday, June 6, 2010
Cleaning Boys
Dear Friends!
Today even as some work remained to be done to complete our renovation, I called in the cleaning boys to do a thorough clean up job around house as we were living in a mess for the past 2 weeks.
Since these are trained boys I dint have to monitor their work. They did a good job of dusting off cement from all over and then sweeping and mopping the entire house. It is sparkling clean everywhere. All this until tomorrow, when men will troop in with their dirty tools to start work, this time to finish it off, hopefully as it has dragged beyond tolerable limits due to labour playing traunt.
Of the two boys I know one, the other, a new one, never opened his mouth to speak at all and I was admiring his being so quiet while laboring away at a job like this one. I was later told that this boy was deaf and dumb but he worked so well and understood the sign language of his mate as well as mine quite well.
It was worth it as the place has got back to some better state from what it was till this morning.
These Rs.550/- a day seems quite reasonable for us when compared to all the work we may have to do ourselves and for them its an additional income on the side besides their salary in the company they work for. Its great when mutual needs are met and work gets done.
Cheers!
Mahalakshmi
Today even as some work remained to be done to complete our renovation, I called in the cleaning boys to do a thorough clean up job around house as we were living in a mess for the past 2 weeks.
Since these are trained boys I dint have to monitor their work. They did a good job of dusting off cement from all over and then sweeping and mopping the entire house. It is sparkling clean everywhere. All this until tomorrow, when men will troop in with their dirty tools to start work, this time to finish it off, hopefully as it has dragged beyond tolerable limits due to labour playing traunt.
Of the two boys I know one, the other, a new one, never opened his mouth to speak at all and I was admiring his being so quiet while laboring away at a job like this one. I was later told that this boy was deaf and dumb but he worked so well and understood the sign language of his mate as well as mine quite well.
It was worth it as the place has got back to some better state from what it was till this morning.
These Rs.550/- a day seems quite reasonable for us when compared to all the work we may have to do ourselves and for them its an additional income on the side besides their salary in the company they work for. Its great when mutual needs are met and work gets done.
Cheers!
Mahalakshmi
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