If you are not a party animal and don't spend a handsome amount of money like my friend Bhavik,then here is a time to grow it.The Markets here in India are going through a low phase that has its roots in the Subprime Lending back in the US.
For a quick low-down on this, refer toWikipedia,and you will find that it has also started back here in India.Dont you remember those errant random calls from banks which are as varied a loan to buy a puppy!
The point is that if you are sitting on a large pile of cash as I do,then it would be wise to atleast start investing some in the Stock Market.Buy small and buy when the market is bearish.Buy for the long term...
I had an itch to write this blog coz of two reasons.Firstly I havent written one in past couple of weeks and secondly I have brought some stocks ..again...Still waiting for the market to fall,so that will buy more and enhance my Rupee Cost Averaging.
It is not sure when the market will again climb the celebrated levels it was 3 weeks ago,when the folks at TV18 went nuts,but I am planning to hold for atleast a year or so.
Although I do not understand the market well as yet, but backed by some good people's advice whom I belive, this is a bet I would hardly repent for.