Good People - Seldom Appreciated

Good people seldom get appreciation...

Do you know that ......sensex was launced in the year 1979 with base value index of 100....... So ..........

1.       In 1979 SENSEX which was 100 is now at 28500. This means that sensex multiplied itself by 285 times. ........ simple isn't it ??

2.       In 1979 GOLD was @ Rs 950 per 10 grams. Today Gold price is Rs 25700 (MCX). This means Gold has multiplied itself by 27 times.

3.       In 1979 LAND at Civil Lines was selling at 9000 per square Yard. Today the same land is priced at Rs 90000 per square feet. That means in land there has been appreciation of 10 times.

4.       In 1979 FLAT in a posh locality in Kanpur was selling at 800 per sq feet. Today the same flat is priced at 6500. This means that the flat has appreciated by 8.125 times add rental value and decrease it by repair, maintenance and taxes you can say that the flat also appreciated itself by 10 times.

So what does that prove that had someone invested in SENSEX alone he ought to have multiplied his wealth by 285 times in 46 years.

Now a question arises how to invest in sensex. I don't know about 46 years back but today one can conveniently invest in NIFTY or SENSEX ETFs. Had someone invested in shares of any company then it is quite understandable that it might not have performed. I have many dead stocks with me. Could never earn anything in shares, because I earned very good in few companies and lost in many companies as well.

So what should one do............ invest in Equity oriented Mutual Funds............ AND THAT TOO IN SIP MODE AND LAST One thing more........ Good Mutual Funds beat Sensex........ Wishing you become wealthy soon