From JeejeeBhoy Towers
PATIENCE PAYS !!!
Patience can Conquer destiny, says an Irish saying Apt in aspects of life , this saying is more relevant to the stock market . Until a few years ago, the stock market was, in peoples mind , closely associated with gambling. That impression is now replaced with an intelligent activity involving skill,timing,monitoring and analysis.
The Share market is replete with instances of windfalls and bonazas that script genuine rags to riches sagas. The rags to riches stories , courtesy the stock market, are after all not as common as those investors ruined in what is crudely known as the satta bazaar. So, what exactly is the mystery of the stock market ?. Is it manipulations, machinations, scheming, or is there something more and beyond ??
Studies have proved, time and again , that shares or equities are one of the best long-term investments in the financial market place. tending to outperform government bonds, corporate bonds, property and many other types of asset.
Share prices fluctuate and hence buying shares is not without risk. But over the long term, they can generate good returns. The fast track route to multiplying money is to invest in shares and be patient &.Just as one of our readers did. Only to emerge as a very rich man reaping the bounty of the bourses.
He had invested in 100 shares of WIPRO company at a face value of Rs 100 in 1980.
The initial investment was Rs 10000/-
In 1981 ,The Company declared 1:1 Bonus = he had 200 shares
In 1985 ,The Company declared 1:1 Bonus = he had 400 shares
In 1986 ,The Company split the share to Rs 10 = he hence had 4000 shares
In 1987, The Company declared 1:1 Bonus = he had 8000 shares
In 1989, The Company declared 1:1 Bonus = he had 16000 shares.
In 1992 , The Company declared 1:1 Bonus = he accumulated 32000 shares
In 1995, The Company declared 1:1 Bonus = he then had 64000 shares
In 1997, The Company declared 2:1 Bonus = he held 192000 shares
In 1999, The Company split the share to Rs 2 = he acquired 960,000 shares
In 2004, The Company declared 2:1 Bonus = he now had 28,80,000 shares
In 2005 , The Company declared 1:1 Bonus = he came to have 57,60,000 shares
The CMP was Rs 694 as on 24-12-09 . The shares were valued at Rs 399.74 Crores.. And less the initial investment of Rs 10,000, the appreciation stood at Rs 399,74,30,000.
His destiny changed ..thanks to his PATIENCE.
( appeared in CORPORATE INDIA dated 15th Dec 2009)
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