Hitesh Parikh V/s. CLSA, Credit Suisse and Others.
Friday, December 09, 2011
Hitesh Parikh V/s. CLSA, Credit Suisse and Others.
Greetings from Hitesh! Thank you for your responses to my last email…Is S.I.P a Sensible / Senseless Investment Plan? As we are approaching the year end…..let us see what we said about market and what others said.
Hitesh Parikh’s Call:-
On 2nd January 2011, we wrote categorically that market will see 18500/16000 and in the worst case scenario 13000. From the beginning of the year….we saw the market in only one direction….and that was down!
CLSA :- Sensex target of 22,500 for 2011-end: Published on Tue, Jan 04, 2011 at 08:37. http://www.moneycontrol.com/news/market-outlook/sensex-target22500-for-2011-end-clsa_510071.html
Credit Suisse :- Sensex to touch 22,000 mark in 12-months: PTI Jul 12, 2011, 10.29pm IST
Now, what they are telling……
CLSA predicts Sensex will drop to 14,000:- Nov 30, 2011
http://www.firstpost.com/investing/shocker-clsa-predicts-sensex-will-drop-to-14000-144677.html
Credit Suisse sees Sensex at 13,200; Re at 55 by June
Published on Wed, Dec 07, 2011 at 22:00.
We want to bring home the following points:-
Big is Not Always the Best:-
A big name, high sounding words, regular presence in media, connections with right people does not mean that you will get the best guidance. We have observed this time and again……you can see yourself now.
Late Dhirubhai Ambani had always said…. “Idea’s are no ones monopoly”….same way “Understanding and Timing the market are also no ones monopoly”.
You can Time the Market:-
In my last email…..I argued that you can time the market…..see our track record for 2011 and past. When you time the market successfully….It pays and it is not impossible as you have been told time and again by SIP marketers.
3 Dimensional Approach :-
We believe that predicting market movement is very important factor while you invest….but the most important is your actions based on your prediction of the market.
Because, we know
Knowing is Knowing & Doing is Doing.
Knowing is not Doing & Doing is not Knowing.
If Knowing is Doing, Why People Marry?
Your need 3 dimensions to become a successful investor
1. Knowledge about the market movement.
2. Skills to apply your knowledge.
3. Attitude towards Investments and Life.
Our regular reader would appreciate that once we predict the market in the beginning of the year……through out the year….we write on skills and attitudes only. Check all our past emails….we always prepare you to take right actions.
In other words…..when you invest with Hitesh Parikh….you get 3 things ….precise call for market, skill sets to work based on market call and attitude towards investments.
My Personal Call:-
“If a man didn’t make mistakes, he’d own the world in a month. But if he didn’t profit by his mistakes, he wouldn’t own a blessed thing.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator.
Learn from your mistakes of following big names……start following right name!!
Live With Passion…Invest With Passion.
Hitesh Parikh.
Comments
Post a Comment