t i p
....p i t
u know what,
My mom also trades quite successfully. Few of her friends "consult" her for her picks.(Its a different thing that I know most of my mom's tips come from her broker
)
This incident is with a friend of hers. Lets call the friend "Sheela". Sheela is a novice player in the market, though she has been putting money at regular intervals as "investment". When LNT was trading around Rs. 800 about a month ago, my mom had advised her to buy this scrip. But she ignored(typical lazy passive novice). A couple of days ago when she called, she was shocked to hear that LNT had touched 1400 levels.
Same day, my mom also told to buy IFCI which was trading at 38-40. But she replied "
I am not interested in small shares." Today, within a week, IFCI has gone beyond 56
You see, I finally accept that making money is not a part of everybody's fate. It may not be difficult to learn, but its just that people really don't want to learn. They are happy with their 9-5, 1-30 job that gives them a a peanuts salary. As they say, "The dissatisfied man makes progress".