Schadenfreude...
... is an English word of German origin.. It means deriving pleasure out of someone's misfortunes.. It's what I always feel like, when someone tells me despondently that they lost money in the stock market..
I seriously enjoy their despondency.. Because it's stupid.. You never lose money in the stock market.. You are only in trouble if the company goes bankrupt... Else, you are doing fine even if the price of the stock is down.. because all that means is you don't sell it now.. You just wait till the price is right... Stocks pay off only if you have time on your hands...
Ergo.. If you have a 5 month old, and you want to pay for her marriage, invest in stocks now and sell when you feel the price is not going to get any higher.. If you have a 25 year old, and you want to pay for her marriage, get a loan from HDFC..
And hope that it's stock falls enough for it to crash..
No comments:
Post a Comment