Dear Biggles,
I really would go with Savant [Please make no mistake, it my personal experience I had with these guys for past 1.5 yrs]
I started investing in the market since Jan 2008, had bought good stock at relatively at decent prices, for each fall in the market I had avg it quite well. Every month I kept Investing 50 % of my income for a Long term view.
As I had none to guide me [apart from my colleagues tips], the only main source of guidance was these TV Channels..I following them quite a lot..each time they say the market has bottomed I wud avg it..
One fine day this march 1st week they all started saying that sensex is headed to 5000, it has broken all critical levels etc..those guys who were saying the market is bottomed abruptly changed their views saying "Pls quite the market & re-enter at 5000" I did as per the advise..It was such a well averaged portfolio I quite at 58% Loss and planned to re-enter..
Then when the market started moving up, they were still maintained that this is a fake rally and it would not sustain. And advised not to re-enter..But when market reached 12+k surprsingly all the so called analyst were again chanting that this is a new market and time to invest..
I was totally dejected..decided to quit market..then luckily I happened to see this thread in TJ..and was a silent viewer of this thread for few months..Just followed Mr.Savant guidelines/views abt the market..
I started with whatever I had, now I have recoverd atleast 40% of my losses..He has done a wonderfull job, in bringing confidence in me & many others..
A very recent example of how this TV channels misguiding public is that of "A recent IP0 - where retailers had applied for mere 3.9x " But still HNI & QIB have applied multiple times.Now they again started highlight all these monsoon & other stuff..
My personal view is that these analysts have inner motive in each of their views for some gains..so better to avoid them and keep us from corrupting our mind.
Thanks Savantji..for all that you do for us in a selfless manner..
Thanks and Regards,
Relichunter