LET US SHUT THE
STOCK MARKETS.--
1
TIME AND AGAIN IT HAS BEEN PROVED THAT STOCK MARKETS CREATE ONLY A FEW WEALTHY PEOPLE AT THE COST OF VAST MAJORITY. STOCK MARKETS CREATE WEALTH FOR A FEW AT THE COST OF OTHERS. The story is the same with all the countries, be it US, India, Russia, Japan, Asian Tigers! Should we play with our
savings? For speculative gains where
risk is high? Should we wipe out large life savings?
Should we allow a few to become healthy at the cost of vast majority?
If the answer for these questions is big NO.NO,NO then it is time to think of better ways of investing our
funds with reasonable risk. Realize that stock markets are often a bane and boon to many.
In the chase for money, let us not join the race in the stock markets full of uncertainties with only a few winners.
Take a OATH THAT:
YOU will not invest your surplus funds and life savings in the unpredictable and unsafe stock markets.
WRITE letters to mutual funds, investing institutions life provident funds etc not to invest savings in the stock markets but instead ask them to find investment channels that assure
safe returns.
WRITE to your Governments and Political Leaders to take steps for shutting the stock markets and finding alternative source for parking your surplus funds and your life savings with nil risk.
ASK TV Channels to start debates on the issue with experts and public on the issue.
It is said one of the hallmarks of free economy is Stock Exchanges where trading in stocks is done on the Speculation that about the value of the company. It is a source for investment by mutual funds, pension funds, individual savings etc. while the fair value of a share in a company can be easily ascertained by financial parameters, trading in stocks and speculating on the hidden value, leads to a rally in the share prices and stock markets. The experts always give advices that work only some times. The lure and attractive past returns make, mutual funds, pensions funds,
Financial institutions and others play with public money. However sound the analysis, suddenly we find that they often cause huge loss to the public money and erode their savings. In the case of retail individuals the loss will be very severe when the market crashes for no reason. Nobody in real sense is able to predict the stock market and it is speculation and uncertainty always. The risk is greater in stock markets than the returns. The bubble burst recently in emerging as well as developed stock markets. Indian stock market lost a whopping 2500 points (SENSEX). It led to heart break of many retail individual investors since they lost their shirt. Many investors are licking their wounds and find themselves with huge loans and erosion of their worth. All this over a period of one month!
Then the question is why should we invest individual and public funds into stock markets that are high risk prone, uncertain? Is there no better way of getting safe returns? Stock markets are a bane and not boon to many. Only a few people get it right at the cost of vast majority.
If the economists think and debate I am for sure believe that we can shut the stock markets for ever that are high risk prone and find ways of parking surplus funds with safe returns. Such methods should benefit the investors at large and not the reverse. Let us not benefit a few at the cost of a vast majority. Let us not be fooled into speculative gains and lose safety for our lives. Let the stock markets be shut forever and evolve alternative methods of safe returns of the surplus funds.
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